For many people who are planning their relocation to London, the cost of living is going to play a large part in their monthly budget. Continually converting back to your own currency will drive you mad in the end and you won’t have any idea of the true cost of living based on an English salary.
If you are negotiating a contract for your relocation jobs, having a good idea of what things cost in London will help you negotiate a fair package. If you are being transferred within your organization you still need to have a good idea of the basic cost of living so that you are able to budget when you arrive.
There is no doubt that this is one of the most expensive cities in the world to live in. Your cost of living, especially as an American moving to London may be considerably higher than you are used to. That said, you will find that London salaries do tend to match the cost of living in the city. You will earn, on average, quite a lot more than if you were relocating elsewhere in England.
Cost of Living Basics – Relocation to London Costs
Accommodation is going to be your biggest expense and make up a large percentage of your budget. Rental prices vary depending on where you choose to live. Consider using the services of one of the professional relocation agents to make sure that you’re getting the best prices. Landlords can see an expat coming from a mile away. Using London relocation agents mean that you have a professional to negotiate on your behalf.
Transport costs will also be a part of your budget and commuting to work can cost up to £150 per month depending on how far you have to travel.
An average grocery bill for two people may be as high as £200 per week, and if you’re eating out you can expect to pay anywhere between £50 and £100 for a meal at an up market restaurant.
Planning your relocation with regard to the cost of living will give you a good idea of what salary you should be asking for and where you want to live when you arrive.