In comparison to other countries the UK has a relatively high cost of living, however, this is in balance with compatible wages and a high standard of living. The UK features in the top 15 countries of the Quality of Life Index (2017).
The cost of living will vary significantly in the UK depending on where you live or your type of accommodation, for example, Leeds is relatively inexpensive in comparison to London. See our table below to compare the cost of living from Leeds to London (August 2017).
|Milk (1 litre)
|Loaf of bread
|Bottle of Beer (domestic, 500ml)
|Gym Membership (monthly)
|Cinema Ticket (adult)
|Public transport ticket (monthly)
|Rent 1 bedroom apartment
|Rent 1 bedroom apartment (outside city centre)
|Utilities (gas, electric, water for 85m2 Apartment)
Cost of living calculators, such as Numbeo, will help you to calculate costs specific to a particular area.
In the rest of this section, you will find information on expenses that all UK residents will typically incur.
All domestic households in the UK, whether owned or rented, are required to pay council tax to cover the cost of public services, for example, policing.
You will need to let your local council know when you move into a property and how many people live there.
How much council tax you pay will depend on the valuation band of the property you are living in; if you live alone there is usually a discount.
Further information can be sound on the Council’s webpages, rates of council tax in Leeds.
The type of insurance you should buy depends partly on whether you rent or you own your home. There are three main home insurance policies:
Buildings insurance protects the structure, the fixtures, and fittings in your home, whilst content insurance covers your belongings.
Homeowners usually need both buildings and contents insurance, while those who rent typically only need contents insurance. It can be a condition of the lease or mortgage, that you have both building and/or house contents insurance.
In the UK there is a wide variety of insurance providers, with widely varying policies, cover options, and costs. Advice and comparison websites can help you find the best deal and cover to suit your needs, for example:
If you need to make a claim on your property insurance policy you will need to inform the police before your claim can be processed.
A utility bill is a request for payment for a public service, including:
Some utility bills are fixed nationally, by property type or are dependent on usage, and others vary depending upon the selected supplier.
When you’ve moved into your new home, you should:
Gas and electric are billed on usage, it is calculated by your supplier once you’ve provided meter readings. Suppliers are competitive, you can find the best deal by searching the market. Comparison websites can help, for example:
Water can be charged either by a standard annual charge or by exact usage if you have a water meter installed. Further information can be found on the Yorkshire Water’s website.
Television (TV) licence
In the UK if you watch the BBC or any other TV live, as it is being broadcast, then you must have a TV licence. This currently costs £147.00 per year, per household (2017); if you don’t pay you could face a £1,000 fine.
Line rental is the charge you pay for an active phone landline into your home.
When finding a landline deal consider the following:
You can opt for a standalone line rental or a ‘bundle’ which includes both line rental and broadband. If you intend to have broadband a ‘bundle’ is often cheaper as the two services are often interlinked.
Vonage, which works via a box you plug into your landline, is a good option if you call abroad often. It offers unlimited calls to over 60 countries from £12 per month (2016), low-cost international rates to worldwide destinations, and unlimited calls to mobiles in 34 countries.
Broadband is the standard way of connecting to the internet; broadband internet requires a landline fee unless you are with BT or have Virgin Media fibre optic broadband.
When finding a broadband deal consider:
You can usually buy a line rental and broadband ‘bundle’ from around £17 a month (2017). Often, these bundles are cheaper than buying line rental and broadband separately, but you are still able to do so if you wish. Most providers allow you to pay monthly or annually.