Cost of Living & Salary in London
Compare your salary to London (UK). With a cost of living index of 85 (NYC = 100), London is 15% cheaper than New York. See what salary you need — calculated privately in your browser.
Cost of Living in London
London is Europe's financial capital with high housing costs. Salaries in finance and tech are among Europe's highest. The city has a cost of living index of 85 relative to New York City (100), making it 15% cheaper than New York. Average salaries in London are around £45,000 per year, though this varies significantly by industry and experience level.
Housing is typically the largest expense, accounting for 35-40% of total living costs. In London, housing costs are above the global city average. Food, transportation, and healthcare make up most of the remaining budget.
Salary Comparison: London vs Other Cities
When comparing salaries across cities, raw numbers can be misleading. A higher salary in London may not stretch as far due to higher living costs. Use this calculator to find the equivalent salary you would need in London to match your current standard of living.
For example, someone earning $100,000 in New York (index 100) would need approximately $85,000 in London (index 85) to maintain the same purchasing power. This accounts for housing, groceries, transport, healthcare, and entertainment.
Working and Living in London
London offers a high cost of living but strong career opportunities for professionals. The city's job market is competitive but rewarding.
Beyond salary, consider quality of life factors: commute times, public transportation, healthcare access, cultural amenities, and climate. Local tax rates can also significantly impact your take-home pay and should be factored into any relocation decision.