Cost of living in Lambeth
Lambeth, a vibrant district in the heart of London, offers a unique blend of cultural diversity and urban living. Understanding the cost of living in Lambeth is crucial for anyone considering moving to or residing in this bustling area.
With its rich history and proximity to central London, Lambeth attracts a diverse population, making it essential to grasp the financial aspects of living here.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost £18.97 on average, with a range between £16.43 and £53.12.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around £88.53, with prices ranging from £75.89 to £101.19.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages £8.85, with a range between £7.59 and £8.85.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from £5.06 to £8.22, imported beer £3.62 to £6.32, cappuccino £3.79 to £6.32, and Coke/Pepsi £1.95 to £3.16.
Grocery Prices
- Milk - Milk is priced between £0.81 and £3.12 per liter, averaging £1.38.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between £0.67 and £2.53, with an average price of £1.76.
- Eggs (Dozen) - A dozen eggs range from £2.66 to £4.78, averaging £4.25.
- Fruits (e.g., Apples, Oranges) - Apples cost £1.49 to £7.59 per kg, while oranges range from £1.71 to £7.59 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between £0.63 and £1.72 per kg, and lettuce costs £0.57 to £1.51 per head.
Transportation
- Public Transport (Monthly Pass) - A monthly pass for local transport costs £88.54.
- Fuel (Gasoline) - Gasoline is priced between £1.80 and £2.09 per liter.
- Taxi Fares - Taxi fares start at £3.29, with a cost of £1.57 to £3.79 per km and £25.04 to £36.43 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre is not specified in the data provided.
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the city centre is not specified in the data provided.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is not specified in the data provided.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between £172.02 and £632.42, averaging £417.47.
- Internet - Internet services range from £27.83 to £68.30, with an average cost of £44.27.
Cost of Living Rankings
The cost of living indices for United Kingdom are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United Kingdom, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Lambeth offers a diverse range of dining options, with prices varying significantly depending on the type of restaurant.
Grocery prices in Lambeth can vary, with essentials like milk and bread being relatively affordable, while other items like cheese and meat can be more expensive.
Transportation costs are moderate, with public transport being a viable option for daily commuting.
Utility costs are relatively high, reflecting the urban setting of Lambeth.
Housing costs are not specified, but potential residents should be prepared for typical London pricing.
Conclusion
Living in Lambeth provides a vibrant urban experience with a diverse cultural backdrop. While some costs, such as dining and utilities, can be high, the area offers a rich lifestyle with access to central London.
Prospective residents should consider their budget carefully, especially regarding housing, as costs can vary widely. Overall, Lambeth is a dynamic place to live, offering both challenges and opportunities in terms of cost of living.