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.
Annualy public transportation: £720
Annual food costs: £2,700
The amount you need to earn to live in London is:£25,420 after tax
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.