living costs in london and birmingham

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What are the living costs in London compared to Birmingham?

What are the living costs in London compared to Birmingham?

We all know that living in Englands luxurious capital comes with an added price but how big is the difference between London and Englands second city, Birmingham?

Statistics from Numbeo, recorded in July 2016, highlights that the percentage of living costs in relation to restaurants, supermarket food, public transport, utilities, leisure, clothing, home rent and home sales; are cheaper in Birmingham than in London.

Londonsrent pricesare considerably dearer than renting a property in Birmingham.The current statistics suggest the following:

A 1 Bedroom Apartment in London City Centre: Avg. Price 1,670.04

A 1 Bedroom Apartment in Birmingham City Centre: Avg. Price 696.43

58.30% difference between the two cities.

A 3 Bedroom Apartment in London City Centre: Avg. Price 3,297.53

A 3 Bedroom Apartment in Birmingham City Centre: Avg. Price 1,125.00

65.88% difference between the two cities.

Londons apartmentsale pricesare also considerably dearer than sale prices in Birmingham. The current statistics suggest the following:

Apartment price per square meter in London City Centre: Avg. Price 17,045.78

Apartment price per square meter in Birmingham City Centre: Avg. Price 2,400.00

85.92% difference between the two cities.

Some otherliving costswhich are higher in London in comparison to Birmingham, include the following

Avg. meal price in standard restaurant: 15 (London), 11 (Birmingham)

Avg. monthly transport pass: 130.00 (London), 57.25 (Birmingham)

Avg. monthly phone bill includingunlimited data: 24.35 (London), 20.78 (Birmingham)

Pack of Cigarettes, based on Marlboro: 9.00 (London), 8.50 (Birmingham)

Avg. price for alcoholic beer: 4.00 (London), 3.00 (Birmingham)

Avg. price for 1kg Potatos: 1.22 (London), 1.07 (Birmingham)

Avg. monthly Gym fee for 1 adult: 47.76 (London), 23.95 (Birmingham)

So, as you may have guessed, living costs in London are considerably higher than living costs in Birmingham. However, this may be a surprise to you, but there are certain amenities and consumables which are more expensive in Birmingham

Avg. starttariff on Taxis: 3.50 (Birmingham), 3.00 (London)

Avg. price for a bottle of Water: 1.17 (Birmingham), 0.89 (London)

Avg. price for Coke/Pepsi: 1.18 (Birmingham), 1.16 (London)

Avg. price for 1 litre Milk: 0.95 (Birmingham), 0.92 (London)

Avg. price for 1kg Cheese: 6.50 (Birmingham), 5.85 (London)

Other recent statistics by The Telegraph indicate that first-time buyers need to earn a salary of76,971on avg. in order to get on the property ladder whereas a first-time buyer in the West Midlands needs to earn a salary of29,079.

We hope you found this blog helpful.

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Thank you.

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