Cost of Living in Greenwich
London
Borough
Population: 289,000
Average House Price
£556.5k
+92% vs UK avg (£290k)
Median Salary
£47,568
+22% vs UK avg (£39,039)
Average Rent
£2,208/mo
+84% vs UK avg (£1,200)
Quick Facts
Council Tax£2,022Band D / yr
Energy£154/ mo
Water£35.00/ mo
Broadband£38.00/ mo
Bus Pass£90.90/ mo
House Prices in Greenwich
+1.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£556,510
Detached£1,030,200
Semi-detached£656,500
Terraced£570,650
Flat / Apartment£444,400
House prices in Greenwich have increased by +1.0% over the past year.
Salaries in Greenwich
Annual Salary
Median and mean gross annual pay
Median£47,568
Mean£54,912
Median hourly rate£23.38/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£32,448
Upper quartile (75th)£65,760
vs UK National Median (£39,039)
+21.8%
£8,529 above national averageMonthly Cost of Living in Greenwich
Estimated Monthly Breakdown
What it costs to live in Greenwich each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £2,208 |
| Housing | Council Tax(Band D, paid over 12 months) | £169 |
| Utilities | Energy(Gas and electricity) | £154 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £38.00 |
| Transport | Transport(Monthly commute estimate) | £235 |
| Food | Groceries(Estimated monthly shop) | £331 |
| Leisure | Leisure(Gym, dining out, entertainment) | £191 |
| Estimated Total | £3,361 |
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 Greenwich
Monthly Bus Pass
Standard adult monthly bus pass
£90.90
Fuel per Litre
Average petrol price per litre
£1.81
Monthly Commute
Estimated monthly commuting cost
£235
Compare Greenwich with Another Location
See how the cost of living in Greenwich stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Greenwich
- What is the average house price in Greenwich?
- The average house price in Greenwich is £556,510, based on HM Land Registry data for 2025-12-01. Detached homes average £1,030,200, while flats and apartments average £444,400. Prices have risen by +1.0% over the past year.
- What is the average salary in Greenwich?
- The median annual salary in Greenwich is £47,568, compared to the UK national median of £39,039. This is £8,529 above the national average, making it a higher-earning area. Salaries typically range from £32,448 (lower quartile) to £65,760 (upper quartile).
- How much does it cost to rent in Greenwich?
- Average monthly rent in Greenwich is £2,208 per month. Rents have increased by +1.1% over the past year.
- Is Greenwich an affordable place to live?
- Greenwich is expensive relative to local earnings. Rent accounts for approximately 56% of the median monthly income, significantly above the 30% affordability threshold. The average monthly rent is £2,208, while the median annual salary is £47,568 (approximately £3,964 per month before tax).
- How does Greenwich compare to London?
- The average house price in Greenwich is £556,510, compared to approximately £551,000 in London. Property in Greenwich is £5,510 more expensive than the London average. Rent is also more affordable, at £2,208 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Greenwich?
- House prices in Greenwich are currently rising, with a +1.0% increase over the past year. The current average price of £556,510 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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