Cost of Living in City of London
London
Borough
Population: 8,600
Average House Price
£578.5k
+100% vs UK avg (£290k)
Median Salary
£44,595
+14% vs UK avg (£39,039)
Average Rent
£2,433/mo
+103% vs UK avg (£1,200)
Quick Facts
Council Tax£1,903Band D / yr
Energy£149/ mo
Water£35.00/ mo
Broadband£32.00/ mo
Bus Pass£85.50/ mo
House Prices in City of London
0.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£578,550
Detached£1,071,000
Semi-detached£682,500
Terraced£593,250
Flat / Apartment£462,000
House prices in City of London have increased by 0.0% over the past year.
Salaries in City of London
Annual Salary
Median and mean gross annual pay
Median£44,595
Mean£51,480
Median hourly rate£21.92/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£30,420
Upper quartile (75th)£61,650
vs UK National Median (£39,039)
+14.2%
£5,556 above national averageMonthly Cost of Living in City of London
Estimated Monthly Breakdown
What it costs to live in City of London each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £2,433 |
| Housing | Council Tax(Band D, paid over 12 months) | £159 |
| Utilities | Energy(Gas and electricity) | £149 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £32.00 |
| Transport | Transport(Monthly commute estimate) | £221 |
| Food | Groceries(Estimated monthly shop) | £338 |
| Leisure | Leisure(Gym, dining out, entertainment) | £180 |
| Estimated Total | £3,546 |
These figures are estimates based on averages and may vary depending on your lifestyle, property type, and household size. Council tax shown at Band D; your band may differ.
Transport Costs in City of London
Monthly Bus Pass
Standard adult monthly bus pass
£85.50
Fuel per Litre
Average petrol price per litre
£1.70
Monthly Commute
Estimated monthly commuting cost
£221
Compare City of London with Another Location
See how the cost of living in City of London stacks up against other UK cities and towns.
City of London vs London
City of London vs Manchester
City of London vs Birmingham
City of London vs Edinburgh
Frequently Asked Questions About Living in City of London
- What is the average house price in City of London?
- The average house price in City of London is £578,550, based on HM Land Registry data for 2025-12-01. Detached homes average £1,071,000, while flats and apartments average £462,000. Prices have risen by 0.0% over the past year.
- What is the average salary in City of London?
- The median annual salary in City of London is £44,595, compared to the UK national median of £39,039. This is £5,556 above the national average, making it a higher-earning area. Salaries typically range from £30,420 (lower quartile) to £61,650 (upper quartile).
- How much does it cost to rent in City of London?
- Average monthly rent in City of London is £2,433 per month. Rents have decreased by +0.9% over the past year.
- Is City of London an affordable place to live?
- City of London is expensive relative to local earnings. Rent accounts for approximately 65% of the median monthly income, significantly above the 30% affordability threshold. The average monthly rent is £2,433, while the median annual salary is £44,595 (approximately £3,716 per month before tax).
- How does City of London compare to London?
- The average house price in City of London is £578,550, compared to approximately £551,000 in London. Property in City of London is £27,550 more expensive than the London average.
- Are house prices rising or falling in City of London?
- House prices in City of London are currently rising, with a 0.0% increase over the past year. The current average price of £578,550 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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