Is £1,170 per month enough to live in London as a student?
Updated on Oct 4, 2023According to the latest Cost of Living Index by Numbeo, as of March 2023, the cost of living in London is 82.96% higher than the average cost of living in the United Kingdom.
The biggest expense for students in London is typically accommodation, which can range from £500-£1000 or more per month, depending on the location and type of accommodation.
The cost of utilities such as electricity, water, and gas can also add up, costing an average of £150-£200 per month.
Food costs in London can also be high, with a meal at a mid-range restaurant costing an average of £20-£30 and a basic lunchtime menu costing around £12. Groceries are slightly more affordable, with a weekly shop for basic items costing around £40-£50.
Transportation costs in London are also a significant expense, with a monthly travelcard for zones 1-2 costing around £140. Taxis and ride-sharing services can be very expensive, with a typical 5-mile journey costing around £15-£20.
Other expenses such as entertainment and leisure activities can also add up quickly, with a cinema ticket costing around £12 and a gym membership costing around £30-£50 per month.
Overall, while £1,170 per month may be enough for some students to live in London, it may be challenging to maintain a comfortable lifestyle without careful budgeting and making certain sacrifices.