Cost of living in Newham
Newham, located in the United Kingdom, offers a unique blend of urban living with a rich cultural heritage. Understanding the cost of living in Newham is crucial for both current residents and those considering a move to this vibrant area.
This guide provides a detailed breakdown of essential expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at an inexpensive restaurant in Newham costs around £12.65 on average.
- Domestic Beer (0.5 liter draught) - Enjoying a domestic beer will cost approximately £2.53.
- Imported Beer (0.33 liter bottle) - An imported beer is priced similarly at £2.53.
- Cappuccino - A regular cappuccino is available for about £2.53.
Grocery Prices
Transportation
- Gasoline (1 liter) - The price of gasoline ranges from £1.84 to £2.07 per liter, averaging £1.96.
- Taxi Start (Normal Tariff) - The starting fare for a taxi is £3.16.
- Taxi 1km (Normal Tariff) - For each kilometer, the taxi fare is £1.32.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages £2276.71.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, the rent averages £1707.53, with a range from £1517.81 to £1897.26.
- 3-Bedroom Apartment Rent (City Centre) - A 3-bedroom apartment in the city centre costs around £3162.10 on average.
- 3-Bedroom Apartment Rent (Outside Centre) - For a 3-bedroom apartment outside the centre, the average rent is £2845.89, ranging from £2529.68 to £3162.10.
Utilities
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
Transportation
Transportation
Rent Per Month
Rent Per Month
Clothing And Shoes
Clothing And Shoes
"Key Takeaways"
Newham presents a relatively high cost of living, particularly in terms of housing, with city centre rents being notably expensive.
Dining out is moderately priced, with affordable options available for both domestic and imported beers.
Transportation costs are reasonable, with competitive taxi fares and gasoline prices.
Conclusion
In conclusion, Newham offers a dynamic living environment with a cost of living that reflects its urban setting.
While housing costs are on the higher side, especially in the city centre, other expenses such as dining and transportation are more manageable.
Prospective residents should consider these factors when planning their move to Newham.