how much do you need to earn to live in london?

London is a very expensive place and the amount you need to earnto live in London will depend greatly on your lifestyle, where you live, what living arrangements you have, what benefits you may be eligible for and a host of other factors.

If you are renting in London a report found that you will need to earn at least £21,100 a year to be able to pay rent in a shared house and live comfortably, rising to £22,300 in inner London.

If you wanted to live in a flat or house alone you may be able to find rent for the same or similar amount.

The amount you need to earn to live in London will vary from person to person.

If we examine the minimum costs of living in London then we can make some strong assumptions.

Rent: £22,000

Annualy public transportation: £720

Annual food costs: £2,700

The amount you need to earn to live in London is:£25,420 after tax

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.