Living in London: Understanding the Cost of Living and Housing Crisis
Explore affordable living options outside London with Angel Moves Home.
The Reality of Living in London
London is one of the most vibrant cities in the world, but it comes with a hefty price tag. According to Forbes Magazine, the average UK salary is approximately £35,000, meaning that at least two people need to be working full-time to afford housing in the capital. With skyrocketing rents and an ongoing housing shortage, living in London is becoming increasingly challenging, especially for low-income tenants and those on benefits.
The Housing Shortage Crisis
Many landlords are selling their properties due to heavy taxation, resulting in even fewer rental properties available. Spending cuts and lack of funding mean councils may soon have no choice but to relocate tenants outside of London.
🏙️ Current Rental Prices in London
- 1 Bed£1,250
- 2 Beds£1,600
- 3 Beds£1,800
- 4 Beds£2,000
🏡 Rental Prices Outside London
- 1 Bed£550
- 2 Beds£600
- 3 Beds£650
- 4 Beds£950
Life Outside of London: A Better Alternative?
Moving outside of London can significantly reduce your living costs while improving your quality of life. Many cities like Birmingham, Manchester, and Liverpool are undergoing regeneration, providing more job opportunities and better living conditions.
Groceries & Dining
| Category | In London | Out of London |
|---|---|---|
| Groceries | Basic items like butter, milk, bread, and eggs can cost a fortune. | You can fill a shopping bag with chicken, potatoes, pasta, and more for just £10. |
| Fish & Chips | £15 | £5 |
| Full Breakfast | £10 | £3.50 |
Commuting & Transportation
| Category | In London | Out of London |
|---|---|---|
| Commuting to Work | Up to 1.5 hours door-to-door | 15 to 30 minutes |
| City Travel (Rush Hour) | 2.5 to 3 hours | Traveling between towns takes just 10 to 15 minutes |
| Intercity Travel | — | London to Birmingham in under 2 hours with HS2 |