While meal prices in London can vary, the average cost of food in London is £29 per day. Based on the spending habits of previous travelers, when dining out an average meal in London should cost around £11 per person. Breakfast prices are usually a little cheaper than lunch or dinner .
Per person it’s a good rule of thumb to assume around 5 pounds for breakfast, ten for lunch, and 20-25 for dinner. It can be done much cheaper but that’s a good average for middle of the road places where the food is decent, and usually more interesting.
The average commercially-prepared meal costs around $13. Even if you rarely spend this much money at one time when you eat out, consider frequency. Two meals for $6.50 will add up to the same price. By contrast, the average meal prepared at home costs around $4 for groceries – a $9 savings per person per meal.
That’s what you will pay in London. In general, people spend between £200 and £450 per month in grocery and basic goods shopping.
The average price of a 7-day trip to London is $2,002 for a solo traveler, $3,596 for a couple, and $6,741 for a family of 4. London hotels range from $77 to $351 per night with an average of $148, while most vacation rentals will cost $280 to $590 per night for the entire home.
London food and drink prices USD
|Pint of beer||Most pubs have similar prices regardless of the decor. Some of the chain pubs run happy hour specials which can be good value.||5.21 – 7.53|
|Fish and chips||London’s classic tourist meal isn’t always easy to find and it’s usually quite expensive.||12.33 – 17.81|
|Item||Cost (pounds £)|
|Fish and chips||£6.00|
|Drinks (in a cafe or bar)||Beer – £2.75 Wine – £3.50 per glass Coffee – £1.30 Coffee Latte – £1.80 Soft drinks – £1.70 Tea – £1.30 Hot Chocolate £1.80|
|Petrol (gasoline)||£1.08 per litre|
London is an expensive place to live and one of the main reasons is because it is the financial capital of the world. Its markets capture both Western and Eastern time-zones which allows it to gain capital faster than other countries in the world.
7 Ways To Eat Healthy For Just $4 a Day Buy eggs. Eggs are less expensive than most lean meats, but are just as high in complete protein. Skip drinks. Freeze more. Slow cook. Vary your protein. Bag your own. Rescue wilted greens.
The article was titled “New Study Finds Eating Out is Cheaper than Cooking at Home.” Really! It contends that the cost of a meal at a mid-scale chain restaurant is less than that of a comparable meal cooked at home. Only by a $2 or $3 margin, but still cheaper .
The average American person – man, woman, or child – spends just below $3 per meal on food, assuming three meals per day for food consumption. If the average family can lower that cost to $1 per meal , that’s literally hundreds of dollars a month in savings.
All in all, £ 50,000 is enough to live in London , but not enough if you require to have a good standard of living.
30k in London is do-able. However this kind of salary level will only buy you a decent quality of life if you are sharing accommodation, or living right next to your workplace. Bottom line, if you’re only earning 30k in London , you have to hustle to survive, or else have some friends/family help you meet your expenses.
The most recent data from HMRC shows that the median average pre-tax income is around £22,400. An income of over £ 70,000 a year will actually put you in the top five per cent of all UK earners.