How much money do I need to live in London as a student?

LSE broadly estimates that students should allow £1,100-£1,300 per month for all living expenses, including accommodation, travel, food, laundry, study costs, and other personal expenses. This will vary depending on your lifestyle and requirements, so it’s important you do your own research.

How much does it cost to live in UK as a student?

However, on average, international undergraduate fees is around £12,000 per year.

Living costs for International Students in UK.

Particulars Monthly Costs
Laundry £25
Stationery and textbooks £40
Clothing £75
Travel (buses, trams, and trains) £90/month (one bus ride: £1.50)

How much do students pay for rent in London?

Student accommodation costs

The cost of housing in London varies depending on the area you choose, with furnished accommodation in an expensive area costing around £2,500 per month and a furnished studio flat in an average area costing around £1,200 per month.

Is 1200 pounds enough to live in London?

You’ll have a much more comfortable life in London with an extra £300-£400 per month. It all depends on your personal needs and wants. £380 to £450 per week is considered a reasonable amount including rent. If you are in the fortunate position to have that on top of your rent money, you have a good sponsor.

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Is 1300 pounds enough to live in London?

Can I live in London with 1,300 pounds per month? … You will almost certainly be living in south east (best part of London in my opinion). So you’ve got £1,300 for the month. Estimate around £500 a month for a room in a shared house.

What is a good salary in UK?

The average gross salary in the UK is around £27,000-£28,000 per year but how good this is depends on where in the country you are living.

Is UK costly for Indian students?

As an Indian student studying in the UK, you may often end up comparing the cost of everything with the rates back in India. On an average, as per some estimates, studying UK can cost you anywhere between INR 19 lakhs to INR 39 lakhs* depending on the course you do and where in UK you are studying.

What is a good salary in London?

A good salary would be £3.5K , paying £1.2K rent . If you earn below 30k in London then I would reconsider whether I would want to live in London at all. Maybe in your home town your life quality would be better. If 30k is a starting salary or if you will be able to grow your salary, fine, London will be good.

Can I afford to live in London as a student?

According to King’s College London, a broad estimate of the funds needed to live to a reasonable standard in London is currently estimated at approximately £1,250 per month for living costs, in addition to tuition fees (they note that price increases and unexpected expenditure should be taken into account and students …

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Is London safe for students?

London has a mostly undeserved reputation for being a little unsafe, but in reality, the city is no more dangerous than any other European capital and is considerably safer than some. … Take a look at our London safety advice and ensure that you keep out of trouble for the duration of your studies.

Is 40K a good salary UK 2020?

The average income for a British family with two adults working is £40,000 a year. But while there are people who feel well-off living on this, for others it is a daily struggle. … They own a £300,000 detached house, and say they feel “comfortable and stable” living on a combined income of £40,000.

Is 30k a good salary in London?

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.

Is 35k a good salary in London?

£35k is quite a high salary. Most certainly! London is as expensive as you want it to be. I moved here from the north two years ago, into Clerkenwell (still my most desirable place to live in London) on £30k and although it was pay check to paycheck, got along just fine.

Is 55000 a good salary in London?

£55k is about £10k above the average London salary, and even then bear in mind that the average is distorted northwards by some obscenely high city salaries in the finance sector.

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Can you live on 1000 a month 2020 UK?

Believe it or not, even if you have plenty of responsibilities, it is perfectly possible to live on £1,000 each month, even less. However, you’re going to have to start thinking creatively. What’s more, you may have to make reductions and big lifestyle changes.

Is 50k a good salary in London?

Originally Answered: Is £50,000 a lot of money to earn living in London? Simple answer NO. But it is just about enough. If your salary is £50k you will take home £37,537 a year or around £3k a month.

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