London’s Becoming A Cheaper Place To Live And Work

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Mercer’s annual Cost of Living survey has revealed that London is steadily becoming a cheaper place to move to for expatriates.

The survey conducted by Mercer seeks to outline the most expensive and cost-effective places international workers could move to. How handy, right?

Well the latest survey has been released and its data shows that London has dropped 13 places to 30th place. The list compiles data from over 400 cities across 5 continents and surprisingly (or not so surprisingly?), only 3 European cities remain in the top 10 most expensive list.

london-skyline
[Thomas Kelley]
Other cities such as Aberdeen have slipped a whopping 61 places and similarly, Birmingham have slid down to 147th place, which happens to be 51 spots lower than the previous year. This is in large part to the weakness of the Pound compared to the US Dollar following that whole Brexit saga.

The survey gathers every bit of data useful to your average Joe. That includes the price of your favourite can of fizzy drink, the cost of your average Friday night takeaway and more adult things like rent, bills and car insurance.

birmingham-skyline
[Birmingham skyline via Tony Hisgett]
London still sets you back an average £3,200 in rent per month and although these upsetting rent prices put London at the more expensive end of the spectrum, the everyday prices of bread, milk and beer are a hell of a lot more cheaper than the other cities.

The most expensive city turned out to be Luanda in Angola due to their high costs in goods and security, whilst the cheapest city to live is Tunis in Tunisia. Better get booking those one-way flights then …

Feature Image: Flickr.

More London expenses:

London Is Officially The Most Expensive City To Travel In
London Suffers The Fastest Drop In House Prices In The UK

 

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