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Questions About Life/cost Of Living In London  
User currently offlineB727 From United States of America, joined Oct 1999, 520 posts, RR: 2
Posted (8 years 1 month 2 weeks 4 days 21 hours ago) and read 3347 times:

just looking for general info in life in London compared to Northeast US. Costs of living, average job pay etc.. Anyone with info drop me a line or post here.

B727

Glen

4 replies: All unread, jump to last
 
User currently offlineEDKA From United Kingdom, joined Aug 2004, 316 posts, RR: 1
Reply 1, posted (8 years 1 month 2 weeks 4 days 20 hours ago) and read 3337 times:

Glen
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.  

http://www.thisislondon.com/

[Edited 2006-03-04 20:10:48]

User currently offlineB727 From United States of America, joined Oct 1999, 520 posts, RR: 2
Reply 2, posted (8 years 1 month 2 weeks 4 days 19 hours ago) and read 3317 times:

30K a year is that a decent living or is it eating canned soup everynight? London has always had my inerest.

Thanks for the info

Glenn
B727


User currently offline7FTwinOtter From United Kingdom, joined Jul 2005, 172 posts, RR: 0
Reply 3, posted (8 years 1 month 2 weeks 4 days 18 hours ago) and read 3309 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 �30 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 �1 million.


User currently offlineComorin From United States of America, joined May 2005, 4869 posts, RR: 16
Reply 4, posted (8 years 1 month 2 weeks 4 days 15 hours ago) and read 3287 times:

B727,

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.

Don't hesitate and have a wonderful time!


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