Data last updated: August 2026

New York, NYLondon, United Kingdom

You would need around 24.3% less money in London, United Kingdom to maintain the same standard of living you have in New York, NY.

Overall Cost of Living

24.3%

London, United Kingdom is cheaper than New York, NY

1-Bed Rent (City Center)

City A4,284 USD
City B3,022 USD
Difference-29.5%

Groceries (Monthly)

City A333 USD
City B356 USD
Difference+6.9%

Average Net Salary

City A5,423 USD
City B4,658 USD
Difference-14.1%

Editorial Insight: Planning a move from New York, NY to London, United Kingdom? Based on our verified data model, you are looking at a fantastic geo-arbitrage opportunity. Overall, the cost of living in London, United Kingdom is 24.3% cheaper. Housing is typically the biggest financial win—renting a 1-bedroom apartment in London, United Kingdom's center costs around 3,022 USD, which is a staggering 29.5% less than in New York, NY. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.

Pro Tip:Since you'll be managing money across borders and currencies, we highly recommend setting up a borderless account like Wise (formerly TransferWise) before you move to avoid heavy bank exchange fees.Check out Wise

Reviewed by the Remote Wealth Editorial Team

Our cost of living data for New York, NY and London, United Kingdom is compiled using our rigorous verification methodology. We combine millions of data points from reliable sources to ensure you get the most accurate financial comparison for your relocation.

Read more about our team →

Salary Comparator

Find out exactly how much you need to earn in London, United Kingdom to maintain your current lifestyle in New York, NY.

USD

You need in London, United Kingdom

4,105 USD

Geo-Arbitrage FIRE

Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.

By moving from New York, NY to London, United Kingdom and investing the 24% cost of living difference, you could reach FIRE 3.6 years earlier.

Budget Simulator

Instantly adapt your New York, NY budget to local London, United Kingdom prices. We automatically adjust housing, groceries, and leisure categories.

Housing3022 USD
Groceries356 USD
Utilities & Internet309 USD

Investment Planner

You save 1262 USD every month on rent alone by moving to London, United Kingdom.

Investing this rent difference in an S&P 500 index fund could grow to ~212,016 USD in 10 years.