London is the capital of England and the United Kingdom. It is the UK's largest and most populous metropolitan area and the largest urban zone in the European Union. London is a leading global city and the world's largest financial centres with the largest city GDP in Europe. Central London is home to the headquarters of most of the UK's top 100 listed companies (the FTSE 100) and more than 100 of Europe's 500 largest. London's influence in politics, finance, education, entertainment, media, fashion, the arts and culture in general contributes to its global position. It is a major tourist destination for both domestic and overseas visitors. The United Kingdom is in Western Europe, and consists of islands including the northern one-sixth of the island of Ireland between the North Atlantic Ocean and the North Sea, northwest of France. The climate is temperate, moderated by prevailing southwest winds over the North Atlantic Current. More than one-half of the days are overcast. The official language is English. There are areas (such as north-western Wales and remote parts of Scotland) where it is the second language. French is the most commonly taught second language. The main religion is Christianity. The economy of the United Kingdom is that of a major developed capitalist economy. The United Kingdom is one of the world's most globalised countries. The British economy is made up of the economies of England, Scotland, Wales and Northern Ireland. In 1973, the UK acceded to the European Economic Community which is now known as the European Union after the ratification of the Treaty of Maastricht in 1993. The UK economy had been one of the strongest EU economies in terms of inflation, interest rates and unemployment, all of which remained relatively low until the 2008-09 recession, when unemployment rose dramatically, and interest rates fell to 0.5%. Expatriate business dress is generally formal, comprising suits and ties for men and suits for women, although this may differ by industry and geographic area. If in doubt, it is best to be more formal than informal. The security risk for expatriates in the United Kingdom is low. Risks include opportunistic street crime (such as pickpocketing, bag-snatching, mugging and vehicle theft), violent crime in some areas of larger cities, and terrorism. The currency of UK is the British Pound (GBP). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of London is 14 Million (Metro) (2019 est.), while the inflation rate (CPI) is 1.7% for the United Kingdom as at September 2019. Xpatulator Hypothetical Tax for the United Kingdom is based on the current personal income tax rates which are progressive up to 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in London is as follows: London as at 1 November 2019 is very high in comparison to other places in the world. 1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$990. Average price in a store for a midrange bottle of wine is USD$10.29, domestic/local beer (500ml) USD$2.25, imported/international beer (330ml) USD$2.41 and a pack of 20 cigarettes is USD$14.15. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$1220. Average price for an international brand of mens jeans is USD$88, a quality international brand of running shoes USD$88, mens leather shoes suitable for office wear USD$100 while a medium size international summer dress from a global chain store is USD$42. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$172. Average price for a monthly standard plan internet subscription is USD$40, while the benchmark mobile tariff is USD$0.16 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$20400. Average annual private international school fee (excluding extras) USD$13,220 for Primary School, and USD$14,712 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1750. Average price for a 6kg front loader Washing Machine is USD$648, and USD$557 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$700. Average grocery prices in a major international retail store for 1 kg apples is USD$2.38, 1 kg oranges USD$2.62, 1 head lettuce USD$0.98, 1 kg potatos USD$1.45, 1 kg boneless, skinless, chicken breast USD$7.61, 1 kg cheddar cheese USD$8.66, 1 dozen large eggs USD$2.61, 500g loaf white bread USD$1.43, 1 L full cream milk USD$1.23, and 1.5 L water USD$1.10. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$620. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$51, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,555. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$4550. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$5,097 in a central location, and USD$3,080 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$425. Average price for dry cleaning (1 mens 2 pc suit) is USD$8.33, while an international newspaper is USD$2.56. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$390. Average cost for a mens haircut and blow dry is USD$31, while a womens hair colour, cut and blow dry - medium length is USD$155. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$415. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$15.44, and an international fitness, recreation or sports club membership cost for one adult is USD$49 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$800. Average cappuccino price (regular, medium) is USD$3.61, coke/pepsi (330ml) USD$1.89, burger meal (international franchise or similar) USD$7.72, and a mid-range international restaurant meal for 2 USD$70.76. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$1310. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.66, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$25,732. London is 8.2% more expensive than Houston TX for groceries, 113% more expensive for household costs than Kuala Lumpur, and 121.8% more expensive for transport costs than Dubai. The hardship premium for London for an expat from Perth, is for example 0%, i.e. host location (London) premium of 10% minus home (Perth) location premium of 10%. London is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in London? Register subscribe to your home location and London and run your personalised reports.