EDKA From United Kingdom, joined Aug 2004, 315 posts, RR: 1
Reply 1, posted (8 years 1 week 5 days ago) and read 3300 times:
generally, London is an expensive city, with high property prices and many good bars/restaurants. Without knowing exactly what info you are after, its difficult to be specific, but if i had to generalise:
Cost of living: High, compared with the rest of UK.
Job opportunities: Good, better than rest of UK (i don't know anyone who came to London and has not found a job, and i don't mean working at Mcdonalds. No disrespect to people who work at McDonalds, but you know what i mean.)
Property prices: High, much higher that rest of UK. (£250k - £300k and up for a two bed flat)
Average job pay: Good, higher than the rest of UK. (i would say average pay in London would be something like £30k a year?)
Bars/Restaurants: Great choice, generally expensive, but you can find good and relatively reasnable pubs/restaurants. I would say average bill in reasnoable restaurant for two with bottle of wine would be £60.
Most foreign people (myself included) i know like living in London, most of Londoners i know want to move to suburbs.
7FTwinOtter From United Kingdom, joined Jul 2005, 172 posts, RR: 0
Reply 3, posted (8 years 1 week 4 days 22 hours ago) and read 3272 times:
Quoting B727 (Reply 2): 30K a year is that a decent living or is it eating canned soup everynight? London has always had my inerest.
You could easily get by in london for ï¿½30 pa, but you certainly would not be able to live extravegantly. To live a really nice lifestyle in a really good area will cost big money. In the area i know best (Chalk farm/Primrose hill ) a nice big terraced house would go for a fair bit over ï¿½1 million.
Comorin From United States of America, joined May 2005, 4861 posts, RR: 16
Reply 4, posted (8 years 1 week 4 days 19 hours ago) and read 3250 times:
I had to send one of our employees from NYC to London for a 5-year gig. At that time, USD/GBP was about 1.70.
He took a flat in the American Ghetto (Chelsea) which is helpful in adjusting to the UK, but not cheap. All said and done, many of your friends will be American. A $2,500/mo apartment in NYC goes for about $4,000 in London, neighborhood for neighborhood, but apartments there (Flats) tend to be furnished. You can of course find cheaper flats - Our CFO attended the London Business School for a year and they helped her find a clean and reasonable place.
As a benchmark, a secretary in the City of London makes about GBP 22K, so on a $30K/year budget, you will have to be tight with your pennies.
Costs of living follows a very simple rule, it's 1 GBP = 1 USD; so it costs about 85% more to live in London than in NYC.
It'll be a financial stretch, but the experience will be priceless. Apart from living in one of the world's great cities, Europe is also at your doorstep - so much to see and do.