Monthly Archives: October 2016

You are browsing the site archives by month.

London Living Costs Compared to Major World Cities

canstockphoto15303917We all know that to live, or indeed be a tourist, in London is far from a cheap exercise. We’ve all winced when a restaurant bill arrives or a bar tab is rung up. However, how does this compare to other world cities? Is London the most expensive city or do world centres take that title?  

This was a question that ‎digital lender 247Moneybox posed themselves and after conducting their own research including using crowdsourced data from Numbeo, it seems that London is not quite the hardest on your pocket.

Having turned the results into an infographic which you can see below, it does confirm the generally held notion that London is an expensive place to call home, however it’s certainly not the most expensive with New York taking that title in the products and services sampled by the firm.

Indeed, given the strain on our pockets these days, it is probably only a crumb of comfort to know that there are more expensive cities out there. That being said there are also a lot more where the cost of living is less. No wonder Vancouver comes out on top in surveys of great cities to live in where the cost of a 1 bed apartment in a central location is £762 less than the London equivalent! That’s a lot of extra Canadian beers and trips to the cinema!

infographic-cost-of-living