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Blogs
2 mins Read | 0 Days Ago

Cost of living in the UK

Cost of living in the UK

Prices to keep you updated.

The United Kingdom, a beloved destination for people worldwide, offers a vibrant and a much desired lifestyle. One thing you need to consider before moving here is the cost of living. Brace yourself as we take you through an enlightening journey through the financial landscape of UK. Here are some estimates that will help you plan your budget in the best way possible.

Housing

Living the dream

Finding your perfect abode in UK can be a thrilling adventure. Just be prepared for varying costs depending on your chosen location. In a bustling city like London, renting one bedroom apartment can cost around £1,500 per month. However, if you opt for smaller cities, the average rent is comparatively more wallet friendly, ranging between £800-£1,000 per month. Ready to plunge into home ownership? The average price of a house is around £2,50,000-£3,00,000.

Food

Savouring delights from pounds to pennies

Feeding your inner foodie in UK can be delightful but it should be done with some cost considerations. Dining at a mid-range restaurant will cost around £15-£20. For the budget-savvy, cooking at home can help in reducing your expenses. With smart grocery shopping, a single person can keep their weekly food costs in the range of £35-£45.

Transport

Navigating UK's pathways

In a city like London, public transportation fares can be a bit steep, with a single tube ride ranging from £2.40 to £4.90, depending on the zone. Owning a car in UK can come with its own set of expenses, including fuel cost, insurance and maintenance. Embracing alternatives like cycling and walking can keep your wallet and health in check.

Utilities

Keeping the lights on

Now, let's shed some light on utility costs in UK. The average monthly expenditure for utilities like gas, electricity and water can range from £100 to £150 for a single person, depending on where you live.

Healthcare

HA dose of relief

In the realm of healthcare, the National Health Service (NHS) in UK offers free medical care to the residents. However, it is worth noting that certain services such as dental and optical care may come with additional costs. Take special care of your pearly whites and sparkling eyes while you are here.

Entertainment

Ticket to fun

In UK, entertainment options are as diverse as the people themselves. Catching a blockbuster at the movies might cost you around £10-£15 per ticket. If you are looking to support your beloved musical band or artist, be prepared to shell out £50-£100 per ticket depending on the artist and venue.

Remember that it is a balancing act between expenses and experiences when you have set your heart on living in UK. By taking into consideration your lifestyle and personal preferences, you can enjoy the best that UK has to offer without it being heavy on the wallet. So, embrace the excitement, plan wisely and embark on your adventure with confidence.

Disclaimer

The contents of this article/infographic are meant solely for informational purposes. The contents are generic in nature and are not intended to serve as a substitute for specific advice on any matter whatsoever. The information is subject to updation, completion and verification and the applicable norms may keep changing materially from time to time. This information is also not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to applicable laws or would subject ICICI Bank Limited/its affiliates to any licensing or registration requirements. ICICI Bank Limited/its affiliates and their representatives shall not be liable for any direct or indirect losses or liability incurred arising in connection with any decision taken by any person on the basis of this content. Please conduct your own due diligence and consult your financial advisor before making any decision. Terms and conditions of ICICI Bank and third parties apply. ICICI Bank is not responsible for third party services. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to avail any products/ services of third parties.

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