Cost of living in London?
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I've been toying with the idea recently of moving to London. I've visited the city many times and like vibrant and energetic atmosphere, never a dull moment. What I would like to ask is how much realistically would you need to earn to be able to afford to live in London? Obviously there are many districts there and to be honest I'm not really sure which are good and which are not - I know there's places like Kensington, Knightsbridge and Chelsea although I imagine it would cost an absolute fortune to live in these areas, but what about others? I've been through Hamstead and along Finchley Road on the coach and it looks really nice around there, although I've no much idea what kind of area this is, the price of renting and things. A friend told me it'd be better to share with people to pay much less, also. But, say, is it possible to work in central London in a normal job like fulltime retail or something and afford to pay rent for a room or something somewhere fairly decent or do you have to be earning 100s of pounds a week to even consider it. I'm completely lost. Anyone who could give me a bit of insight on how you could maybe live there on a tight budget I'd be thankful to, or any general information about cost, and which areas I could look at ect. I've often wondered how some of these young people who work in high-street stores on Oxford Street or in mobile phone shops manage with probably small wages, where they live ect. Thanks.
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Answer:
I really wouldn't move into London, it's packed, it's a pain getting to work in the morning, etc. There are currently no jobs at the moment, they get taken up very quickly by the people who live there already. My one bedroomed flat was £95 a week in a friends parents flat and I still struggled, most places are £95 a room a week. I was paid hourly on £5.75, £717 at the end of the month, leaving me with £380 for food, bills, travel after rent. That's £95 a week, you can't really have a social life or save up for anything nice with that.
mk_1980 at Yahoo! Answers Visit the source
Other answers
You really need an income of at least £25,000 per year and with that you would be able to afford a flat share rather than a place of your own. People in mobile phone shops get low wages plus commission. If they are good salesmen they make good money
David S
The best thing to do if your're on a tight budget is indeed rent a room in a flatshare. I would advise you to look through adverts on spareroom and gumtree. You can find some rooms in nice areas for a decent price but I can't deny that lots of them will be expensive especially in Central London. I know someone who lives in King's Cross and she pays only £110 per week. I live in Stepney Green and I pay the same thing. It can be really cool to live in a flatshare, you often get to live with people from all around the world. It has its prons and cons of course but you really can enjoy the experience especially if you're someone who likes to meet people. The best advice I could give to you is look up every day, many times a day adverts coming up on spareroom and gumtree because there are always interesting offers at some point but they usually go very quickly. Be careful of rips off on Gumtree. Do not use Craiglist because you will see rooms for only £75 a week in Wesminster which is first not possible and second they are just some people whol will try to steal your money.
PanDiStelle
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