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London vs New York: Cost of Living Compared

A side-by-side comparison of rent, daily expenses, and quality-of-life factors in London (U.K.) and New York (U.S.A.). Data sourced from official government statistics, updated 2026.

CategoryLondonNew York
CountryU.K.U.S.A.
CurrencyGBP (£)USD ($)
1BR Rent Range£1,100 - £3,600Cheaper$2,100 - $4,500
2BR Rent Range£1,430 - £4,800Cheaper$2,600 - $5,700
Groceries / mo£280Cheaper$650
Transport Pass / mo£202$132Cheaper
Dining Out / mo£240Cheaper$390
English Level5/5 (Excellent)5/5 (Excellent)
Neighborhoods Tracked1810
Healthcare SystemNHS (Public)Private (employer-based)

Verdict

Overall, London tends to be more affordable when comparing rent, groceries, transport, and dining costs. However, the two cities use different currencies, so exchange rates and local salary levels also play a significant role. Use our calculator to see what your specific salary means in each city.

Explore London

18 neighborhoods, rent data, and full cost breakdown in U.K.

View London details

Explore New York

10 neighborhoods, rent data, and full cost breakdown in U.S.A.

View New York details

Calculate your salary in both cities

Enter your gross salary to see net pay, rent affordability, and savings potential in London and New York.

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Frequently Asked Questions

Is London or New York cheaper to live in?

Based on our data, London is generally cheaper to live in when comparing rent, groceries, transport, and dining costs. However, costs vary significantly by neighborhood and lifestyle.

What is rent like in London vs New York?

In London, 1-bedroom rents range from £1,100 to £3,600 per month across 18 neighborhoods. In New York, 1-bedroom rents range from $2,100 to $4,500 per month across 10 neighborhoods.

How do transport costs compare in London vs New York?

A monthly public transport pass costs £202 in London and $132 in New York. Both cities have well-developed public transit systems.

Which city is better for expats, London or New York?

London has an English proficiency rating of 5/5 (Excellent) and New York rates 5/5 (Excellent). London uses NHS (Public) healthcare, while New York uses Private (employer-based). Both factors are important for expats considering a move.

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Updated Mar 2026

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© 2026 AffordWhere. Estimates only, not financial advice.

2026 tax rules • Mar 2026 rent data