Average Cost of Living in London on a Graduate Salary

"Average Cost of Living in London on a Graduate Salary"," Unfortunately there is no definitive answer to the question 'how much money will I need to earn in order to live comfortably in London?'.
 However, we'll use this article to breakdown some average costs for you.
 This is £2000 more per year than the average graduate salary in the remainder of the country.
65 (depending on their tax code) after tax and student loan deductions.


Rental costs in London are extremely variable, but there are some key factors that are a fairly good indicator of how much you'll have to pay per month in rent.
 If you're a couple sharing a 1 bed flat, then this would put you at an advantage to the solo dweller, as you'll be able to split the cost of the bills and rent straight down the middle.
 Finally, the icing on the cake for cheap rent, would be if you're a couple sharing a bedroom in a house with other people living there.
 However, this changes if you're planning to live by yourself, in which case you'll need to set aside at least £650 and even then you're likely to live in an extremely pokey space.
 They include council tax, utilities such as electricity, gas and water and optional bills such as for a mobile phone, landline telephone, television licence, satellite packages, broadband etc.
 Wandsworth and Westminster Council charge the cheapest tax rates in London.
 So if you're looking to move to an area with affordable council tax you should definitely consider South London.


Travel costs in London largely depend on what transport zone you live in and what transport zone you work in.
 If you purchase an annual season ticket for zones 1-3, this will cost you £1208 per year.
 If you want to travel from zone 2 to zone 1, it will cost you less than this example, but if you want to travel into London from further out than zone 3, then it will cost you more.
 However tempting it might be to buy a sandwich every day, this does eat through your spending money quite quickly.
65 per year or £540.
 This is really quite a comfortable amount of money to live on if you're sensible with it.
 Millions of Londoners earn a lot less than this in London and still manage to maintain a good quality of life.