How much does it cost to move out in London?

The total upfront cost to move out in London typically ranges from £5,000 to £8,000, depending on your apartment and setup needs. This includes first month's rent (£2,000), security deposit (£2,500), and move-in essentials.

What salary do I need to rent an apartment in London?

Following the 30% rule, you'd need a monthly income of at least £6,667 (£80,000/year) to comfortably afford the average 1BR in London. Many landlords require proof of income 2-3x the monthly rent.

Is London expensive to live in?

London has a cost of living index of 175 compared to the US average of 100. This means it's 75% more expensive than the national average. Housing is the biggest factor, with average rents of £2,000/month for a 1BR.

How much should I save before moving to London?

We recommend saving at least £10,000 to £14,000 before moving to London. This covers upfront costs (£5,000-£7,000) plus a 2-3 month emergency fund.

What are the hidden costs of moving to London?

Beyond rent and deposit, budget for: utilities setup (£200/month), internet (~£70/month), renters insurance (~£20/month), moving costs (£200-£1,500), and household essentials (£500-£2,000).

Can I afford to live alone in London?

To live alone in London, you need a stable income of at least £80,000/year and savings of £10,000+. If your income is lower, consider getting a roommate - this can reduce your housing costs by 30-40% and make London more affordable.

What is the average rent in London in 2026?

As of 2026, the average rent in London is £2,000/month for a 1-bedroom apartment and £2,800/month for a 2-bedroom. Prices vary by neighborhood - areas outside the city center tend to be 10-20% cheaper.

How much is a security deposit in London?

Security deposits in London typically equal 1.25 months of rent (£2,500 for an average 1BR).

Is London a good place for first-time renters?

London can be challenging for first-time renters due to high costs. Consider starting with roommates or looking at more affordable neighborhoods. Use our calculator to determine if London fits your budget.

How long does it take to save to move out in London?

If you can save £1,000/month, you'll need about 10 months to save enough for London. With more aggressive saving (£1,600/month), you could be ready in 7 months. Our calculator shows your personalized timeline.

UKCost Index: 175High Cost

London Move Out Calculator: How Much Do You Need to Move Out?

Planning to move out in London? Find out exactly how much money you need with our free move-out calculator. In London, the average 1-bedroom apartment costs £2,000/month, you'll need approximately £6,000 in upfront costs, and a minimum salary of £80,000/year to live comfortably. London is considered a high cost city - use the calculator below to get your personalized budget.