Living in a big city can be an exciting adventure, but it can also be an expensive one. Two of the biggest and most iconic cities in the world are London and New York.
But which one is more costly to live in? Let’s take a closer look.
Housing
When it comes to housing, both London and New York are notoriously expensive. In London, the average cost of a one-bedroom apartment in the city center is around £1,500 per month.
In comparison, a similar apartment in New York City would cost around $3,000 per month. However, it’s worth noting that the size of apartments tends to be larger in New York than in London.
Transportation
Getting around both cities can also be costly. In London, a single journey on public transportation costs £2.40 with an Oyster card, while a monthly pass costs around £135. In New York City, a single Subway ride costs $2.75 with a MetroCard and monthly passes cost around $127.
Food
Both cities offer an incredible variety of food options but eating out can add up quickly if you’re not careful. In London, the average cost of a meal at an inexpensive restaurant is around £15 per person whereas in New York City it will set you back about $20 per person.
Entertainment
When it comes to entertainment costs such as movies or concerts, prices vary greatly depending on what you want to do and where you go. In general though, both cities offer plenty of free or low-cost activities for those on a budget.
Conclusion
So which city is more expensive? Well, it’s hard to say as both come with their own unique set of expenses.
However, according to Numbeo’s Cost of Living Index 2021 data, London is slightly more expensive than New York City overall. However, both cities are also known for their high salaries and career opportunities, so it’s important to consider the potential earnings when making a decision about where to live.
In conclusion, whether you choose to live in London or New York, it’s important to carefully consider your budget and expenses before making the move. Both cities offer incredible experiences and opportunities but come with their own set of financial challenges.
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