What Is The Cheapest Area To Live In London?

The cheapest place to live in London is Bexley, with the average asking rent currently at £1,587 per month.

Cheapest Areas to Rent in London.

Which part of London is the cheapest to live?

The Cheapest Places to Live in London:

• Barking and Dagenham.
• Bexley.
• Sutton.
• Havering.
• Croydon.
• Enfield.
• Hillingdon.

Which areas in London are the cheapest?

Take a look at the London and Home Counties market trends to keep up to date on cheap flats to rent in London.

• Lewisham.
• Sutton.
• Enfield.
• Harrow.
• Hillingdon.
• Bromley.
• Barking and Dagenham.
• Croydon. Photograph: A Croydon tram leaves East Croydon station, two great methods of transportation in this borough.

Is it possible to live cheap in London?

Houses in the area are affordable; they cost significantly less than properties in the city. Living cheaply in London can be a challenge. However, if you are determined to keep your costs to a minimum, there is no reason you cannot do so. Choosing the right location to live is a big part of the equation.

Which part of UK has the lowest cost of living?

Average house price: £155,917
The winner of the most affordable city in the UK is Londonderry, Northern Ireland.

Where do the lower class live in London?

The most concentrated areas of high poverty are in areas such as Tower Hamlets, Hackney, Newham, and the north east of London. There are also noticeable pockets of high poverty rates in areas in west London, such as in Brent and the north ends of Kensington & Chelsea and Westminster.

What salary do I need to live in London?

A single person living in London would need about £50,000 a year; A couple should be able to get by with £60,000 a year; A family of four would need an average income of £70,000 to cover the cost of living in London.

Is south or north London cheaper?

Typically, North London is more expensive to live in than south of the river. If you can afford it, the most expensive areas of all in the north of the capital are currently Islington and Lambeth, the least expensive being Enfield and Croydon, both within easy commuting distance of the city centre.

What is the safest area to live in London?

SAFEST PLACES TO LIVE IN LONDON:

1. RICHMOND. This area was originally founded as a royal retreat in the 16th century and known as, Richmond-upon-Thames in South-West London and is one of the safest places to live in the whole of the city.
2. BEXLEY.
3. KINGSTON-UPON-THAMES.
4. SUTTON.
5. HARROW.
6. BROMLEY.
7. MERTON.
8. HAVERING.

Is east or west London cheaper?

As a rule it’s cheaper to live in East London than west, great news when you’re on a budget. There’s more great news, this time if you love to get out and about after dark. East London has a better nightclub scene, with a wider choice of places to paint the town red. It also makes for a cheaper night out.

How much money does a single person need to live in London?

What is the annual average cost of living in London? In 2022, for a single person, the average cost of living in London now clocks in at over £3000 per month. This is over £1000 more to find per month than the UK average. This means that the annual average cost of living in London for a single person is over £36,000.

Where can I afford to live in UK?

Top affordable places to buy a home in the UK

• Durham. £101,961. -2.5% £32,275. 3.2.
• Middlesborough. £112,278. 2.0% £31,292. 3.6.
• Aberdeen. £144,928. -6.4% £38,926. 3.7.
• Barnsley. £131,563. 7.9% £34,312.
• Stoke-on-Trent. £115,345. 2.8% £29,668.
• Hartlepool. £121,201. 9.0% £30,750.
• Blackpool. £107,709. 1.8% £27,244.
• Glasgow. £136,516. 2.6% £34,008.

Which city has the cheapest rent in UK?

Bolton in Greater Manchester is the cheapest, with average monthly rent for a property of that size just £386. Planning a move? Find out more about the study and see the full results here.

Which part of UK is best for living?

Best Places to Live in the UK

• London. As the capital of England, London is the largest city in the UK and has grown into one the biggest cities in all of Europe.
• Edinburgh.
• Birmingham.
• Manchester.
• Reading.
• Southampton.
• Glasgow.
• Bristol.

Where do most Londoners move to?

While London leavers are looking for a better quality of life for themselves and their families all across the UK, the South seems to be the favoured choice, with nearly 1 in 5 London-based applicants registering with our Southern offices in May.

What is the nicest region of London?

Stretching back from the River Thames, Westminster is at the top of many London visitors’ lists thanks to sights such as The Houses of Parliament, Westminster Abbey, Trafalgar Square, and the National Galleries. For this reason, Westminster is the best London neighbourhood for tourists.

Where should I live to move to London first?

If you are a young adult moving to London, you might be interested in living in East London. It is the most hip, up-and-coming area of the city. In East London, the average price for a studio apartment is £1,376 per month.

What is a low salary in London?

The national living wage is a rebrand of the National Minimum Wage, and is £9.50 per hour (as of September 2022) across the whole country. It’s a minimum by law that all employers have to pay to employees over 23 years of age.

Can I live in London on 30k?

Yes — but you may need to adjust your expected standard of living. Many people get by quite comfortably on £30,000, but it’s much easier to do if you live in shared accommodation such as a House in Multiple Occupation (HMO).

Can I live in London on 25k?

Yes but you would be under some level of financial strain with £25k per year. Your take-home pay after tax would be £1,739 per month.

Where can I buy cheapest houses in London?

Key takeaways

• Gravesend is the cheapest area near London to buy a two-bed home, where the average price is £240,000.
• If you’re looking for a home within a short commute of the capital, North Kent is a great place to start your search, as six of its neighbourhoods make our cheapest top 10.