Residing in the UK is considered a bit expensive because of the high rates of property and lavish lifestyle. So, it becomes important to know about some of the most expensive places to live in UK and other details about them such as the cost of living, amenities, and lifestyle there. Therefore, read this blog to learn about such cities and set your budget accordingly.
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There are several cities that are considered among the most expensive areas in UK to live in. London, Oxford, Bristol, and Cambridge come at the top of this list because of high property rates, expensive amenities, and other factors. Moreover, the average cost of living in UK is as high as £900 to £1,400 per month for a single person, including rent, food, and other utilities. So, read the details of the top 10 expensive cities in the UK and other details about the same.
Read about the most expensive cities in the UK in this section with factors contributing to higher costs.
London comes on the top among the list of most expensive places to live in UK. Despite being very expensive, a large number of people across the world are attracted to this place and want to live there. The reasons making this place so expensive are: high demand for housing, limited supplies and more demand, and many more.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £750,000 – £1,200,000 |
| Average Monthly Rent | £2,000 – £3,500 for single bedroom |
| Average Cost of Transportation | £180 – £250 |
| Average Utility Bills | £160 |
Oxford is home to the most renowned institute for students, Oxford University, increasing the status of the city and becoming the most expensive town in UK. Moreover, because of its academic excellence and rich history, a lot of immigrants plan to live here ignoring the high prices. The reasons that make this place so expensive are: high status because of the university, strong job market, and very limited housing supply.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £550,000 – £950,000 |
| Average Monthly Rent | £1,500 – £2,500 for single bedroom |
| Average Cost of Transportation | £90 – £140 |
| Average Utility Bills | £172 |
Cambridge also has a similar status as Oxford, where this place is popular because of Cambridge University. Moreover, the research and technology sector attracts a huge group of students. Coming in the list of most expensive UK cities, Cambridge has seen a significant rise in property rates and other local amenities. Furthermore, the boom in the innovation sector and skilled jobs also add up to the increasing cost.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £500,000 – £900,000 |
| Average Monthly Rent | £1,400 – £2,400 for single bedroom |
| Average Cost of Transportation | £85 – £130 |
| Average Utility Bills | $152.58 |
Kensington is one of the most expensive places to live in UK. This is a district within London, which is known for its luxury and exclusivity. People especially visit this place for high-end shopping and visit the royal parks and museums. Moreover, the reasons that make this place expensive are: its prestigious reputation, high demand but limited supply, and foreign investments.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £2,000,000+ |
| Average Monthly Rent | £4,000 – £7,500 for single bedroom |
| Average Cost of Transportation | £200 – £300 |
| Average Utility Bills | £80 to £120 |
Westminster is popularly known as the political and administrative heart of the UK, making it prestigious and among the costly cities in UK. Moreover, this place is home to some royal landmarks such as the Houses of Parliament, Buckingham Palace, and Westminster Abbey, acting as a global symbol of history, power, and governance. High-grade officials, diplomats, and other leaders live there, increasing the property and amenities cost.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £1,500,000 – £3,500,000 |
| Average Monthly Rent | £3,500 – £6,500 for single bedroom |
| Average Cost of Transportation | £180 – £280 |
| Average Utility Bills | £100 to £200 |
Edinburgh is the capital of Scotland and also a top financial hub in the UK. Moreover, the city is popularly known for its beautiful architecture, depicting the history and culture of the UK. Edinburgh is also known as one of the safest city in UK, providing a homely feel to international students. This place is one of the most expensive places to live in UK because it is a capital city and it attracts several foreign investments on its land.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £400,000 – £750,000 |
| Average Monthly Rent | £1,200 – £2,000 for single bedroom |
| Average Cost of Transportation | £70 – £120 |
| Average Utility Bills | £140 to £280 |
Brighton is situated on the southern coast of England and is very popular for its art and culture. The connectivity of this city with London makes it one of the most expensive cities in UK, which takes around an hour to reach by train. This is the reason that the property rates are high and rent is also second highest after London because people prefer to reside here out of London’s busy life.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £500,000 – £900,000 |
| Average Monthly Rent | £1,400 – £2,500 for single bedroom |
| Average Cost of Transportation | £90 – £150 |
| Average Utility Bills | £75 to £140 |
Chelmsford is known for hundreds of acres of parkland and beautiful city views. Moreover, it is situated in the northeast of London, making it one of the most expensive cities in UK just like Brighton. The train connectivity between Chelmsford and London allows people to live here and commute daily to the capital city in very little time, automatically increasing the property rates and monthly rent.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £400,000 – £700,000 |
| Average Monthly Rent | £1,300 – £2,000 for single bedroom |
| Average Cost of Transportation | £65– £100 |
| Average Utility Bills | £65 to £120 |
Portsmouth is one of the highest student attractions in the UK, increasing the demand for places to live. Moreover, the link of this city with all major cities in the UK makes it one of the most expensive places to live in UK. Moreover, it is the UK’s second busiest international passenger terminal with commercial piers and international ferries to France and Spain. So, the excellent connectivity and high property demand make it an expensive place to live.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £280,000 – £800,000 |
| Average Monthly Rent | £600 – £1,500 for single bedroom |
| Average Cost of Transportation | £70– £100 |
| Average Utility Bills | £80 to £100 |
St. Albans has some of the popular academic institutes, making it a major attraction for international students. Here, you can find some of the most beautiful buildings and other architectural places that depict the Roman Empire’s culture. Apart from that, it is one of the most expensive towns to live in UK because of its connectivity with major cities, high tourism, and global investments.
Moreover, go through the table below to know the different costs.
| Average Rate of Property | £642,000 – £800,000 |
| Average Monthly Rent | £600 – £900 for single bedroom |
| Average Cost of Transportation | £100– £200 |
| Average Utility Bills | £100 to £150. |
These are some of the most expensive places to live in UK. Moreover, these cities offers some top noth housing for the international students. So, if you are looking for luxury and have high budget, then opt for student accommodation in London, Edinburgh, Brighton and other major cities.
It is clear here that there are several expensive areas to live in UK. So, it is important to know the factors that contribute to the high property rates.
These were some of the most expensive places to live in UK. Here, it is clear that the reasons for the high prices are foreign investments, global reputation, and lesser supply compared to the demand. Thus, this has led to an increase in the property and amenities rates in a few years. Likewise, if you want any other information such as SIM cards, shopping malls, and student accommodation in UK, then reach out to our experts and get their guidance to make your life abroad smooth and easy.
London is considered the most expensive city in the UK for several reasons such as low supply, financial hub, rising population, and foreign investments.
It depends on the individual if it is worth living in the expensive areas. If you can afford the high prices, then it is or if you can not afford, then it is not.
In expensive UK towns, the quality of life is better because there are good career opportunities, extra amenities, and more activities to do. So, with the high cost, you get to live a luxurious life there.
Investment in property is one of the best decisions as the return you get is always higher than you invested. So, it is considered as the long-term stability option for the investors.
Cambridge, Brighton, and Edinburgh are among the most popular places in recent times that are becoming more expensive and are attracting a large number of foreign investors.
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