Living in London
Post details: The London Premium
Monday September 20, 2004
The London Premium
We have been in London for almost four months now and many people have commented on the high cost of living here. But just how much more does it cost to live in London as compared to the US? Well, based on the
few items selected below, on average it is 40% - 60% more expensive to live in the UK.
The calculations include the difference due to the currency exchange. First we list the price of a typical item in the UK. Then, we convert the value in pounds to the amount in US dollars using an exchange rate
of 1.83 dollars/GBP. Finally we compare this converted amount the typical cost in the US and calculate a percentage. The average premium of all the items shown is 63%
| Item | UK Cost | US$ Equiv (x 1.83) |
US Cost | London Premium |
| Typical bottle of wine | £8.00 | $14.65 | $10.00 | 47% |
| Launder trousers | £4.00 | $7.33 | $5.00 | 47% |
| 20 oz soda | £0.90 | $1.65 | $1.25 | 32% |
| DVD: Star Wars Trilogy | £27.00 | $49.45 | $42.00 | 18% |
| Burgers and chips for two | £31.00 | $56.78 | $25.00 | 127% |
| Pol Roger champagne | £25.00 | $45.79 | $40.00 | 14% |
| Full spectrum bulbs | £24.95 | $45.70 | $28.00 | 63% |
| 4 AA batteries | £2.94 | $5.38 | $4.77 | 13% |
| US gallon of gasoline | £3.10 | $5.68 | $2.14 | 165% |
| First class stamp | £0.47 | $0.86 | $0.37 | 133% |
-HRH
Comments, Pingbacks:
1. You should drink water, it's healthier.
2. Do your own laundry rather then send it out!
3. See #1.
4. Rent, don't buy.
5. Go vegetarian; healthier and cheaper.
6. See #1.
7. Incandescent tungsten-filament are warmer anyway.
8. Live simple; get rid of the battery powered devices!
9. You own a car?
10. E-mail!
;)
Monday September 20, 2004 @ 22:51
Saturday September 25, 2004 @ 10:42 The postage price is wrong: a first-class stamp costs 28 pence, soon to be 30 pence. Many of the other UK prices are odd: I live in London and I've never paid £8 for a bottle of wine. £5 is much more common. A soft drink will be 40 pence at most from a shop or supermarket. No-one pays for laundry if you live in the UK - use a washing-machine, unless it's a really valuable item. Burger and trips: £31 is ridiculous! My local chippie would charge £6 tops. Your most expensive cost undoubtedly will be housing: everything else is minor.
Saturday April 23, 2005 @ 13:57 Comments are closed for this post.
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