Studying and Living in London – Doing the Maths
Whilst living in London can prove expensive, there are many thousands of students that have mastered ‘savvy spending’ skills, enabling the best of both worlds – affording the essentials whilst experiencing the excitement of the city too. With a bit of careful planning, you can achieve this. A large proportion of your living costs will undoubtedly be taken through rent and accommodation, so, taking advantage of house and flat shares, or even a home stay with a host family, will help to limit expenditure.
Prices and Costs
The cost of living in London varies according to your own wants and needs. Fluctuation in market prices means there is no fixed amount that you should set aside to ensure your time in the city will be completely free of financial issues. There are, however, ways to determine how much you will have to pay for certain essentials required during your day-to-day life. Below, we list just a few of the items you may wish to compare before deciding whether the cost of living in London is within your desired budget.
|Milk (1 litre)||£0.91|
|Loaf of white bread (500g)||£1.02|
|Rice (white) (1kg)||£1.42|
|Local cheese (1kg)||£6.07|
|Chicken breasts (1kg)||£6.63|
|Lettuce (per head)||£0.74|
|Water (1.5 litre)||£0.87|
Details correct at the time of writing (Jan 2017) and based on information from http://www.numbeo.com/.
Find the Best Deals in London
Comparison websites such as My Supermarket enable you to run price comparisons on all the major supermarkets in the region, meaning you can enter your shopping list to determine where your budget will stretch furthest. In addition, websites including Hot UK Deals and Groupon regularly promote money saving opportunities so that nights out and activities – as well as shopping – can be more affordable.
The cost of living in London is moderately high but, with so much to do, and so much to learn, you simply can’t put a value on the experience you will have. With sensible budgeting and forward planning, there’s no reason your time in the city should be anything but rewarding. Choose to study in London with UKCBC.
References to various websites are provided as a source of information only. UKCBC in no way subscribes or controls these websites. Students are advised to use their discretion while making decisions based on such information. Please be aware that the links provided are purely meant for reference purposes.