Is living in London financially worth it?

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London. LDN. The Big Smoke. One of the most cosmopolitan cities on earth. A place people come to find themselves, realise their dreams, and immerse themselves in culture, history, and adventure. We’re often asked by participants is living in London financially worth it? London is also one of the most expensive cities in the world, and this can cause havoc for young people without access to a bottomless pit of cash!

London Living… Financially is it worth it?

Ok, you’re ready for your ‘rite of passage’ and want to head to the UK for a Working Holiday. Obviously London seems like the ideal option – bars, restaurants and fun is scattered all over the place. Your best mate’s sister lived in Clapham and had the time of her life. We get it. However, there are some big things to consider when choosing to live in London. We discuss rental prices, the cost of living, transport and average wages to help you make a decision.

Rental Prices

Renting in London isn’t cheap. The average monthly price for a room in a share house is about £720 (roughly $1328 AUD/ $1433 NZD / $1240 CAD. You’ll also have to pay an upfront bond which is about 6 weeks rent as well as tenancy agreement and reference check paperwork, which can be hundred of pounds.

Cost Of Living

Just like living in any major metropolitan city, things such as a food can be more expensive. To make it easy here is the average cost of a pint of beer across the UK:

  • London – £5.19
  • Brighton (South England) – £4.24
  • Bristol (Midlands of England) – £4.30
  • Manchester (North England) – £3.93
  • Leeds (North England) – £3.53
  • Newcastle (North England) – £3.74
  • Cardiff (Wales) – £3.41
  • Edinburgh (Scotland) – £4.35

Transport

If you’re thinking about living in London you will have to pay for transport. Whether it’s the tube, train, bus or Uber there isn’t really a way around it. You can however do this as economically as possible.

If you need the tube to get to work the best option is a year travel card. This is about £3000 per year.

How to live in London

If you want to visit London as part of your gap year, or for a working holiday, you have to figure out the best way of earning while you’re there. A good tip would be to check out www.ukpubco.com and find some of the best UK pub jobs in and around London. Getting a guaranteed job and accommodation lined up before you touch down on London’s wind-swept streets is so important.

Finding the perfect working holiday jobs will allow you to make the most of your trip to England’s capital, and you aren’t going to need to worry about running out of cash right away. We will sort you out with free accommodation, as well as the very best London jobs in pubs, kitchens, and restaurants.

Making the most of your London adventure is so important because this can go a long way toward helping you improve your trip and change your life for the better. Being able to socialise and earn money while exploring the sights and sounds of London town is an opportunity you simply cannot pass up. This is why it is so important for you to make the most of the services we offer and get your London adventure started right now.

Find out more about live-in pub jobs in the UK with the UK Pub Co.

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