This statistic shows the estimated minimum outgoings required to live in London, United Kingdom (UK) for six months in 2014. The cost of rent is estimated to be, at its lowest, ***** British pounds over the six month period, with bills at ***** British pounds. It is worth noting that the estimated rent is for a shared property.

In July 2025, 59 percent of households in Great Britain reported that their cost of living had increased in the previous month, compared with 72 percent in April. Although the share of people reporting a cost of living increase has generally been falling since August 2022, when 91 percent of households reported an increase, the most recent figures indicate that the Cost of Living Crisis is still ongoing for many households in the UK. Crisis ligers even as inflation falls Although various factors have been driving the Cost of Living Crisis in Britain, high inflation has undoubtedly been one of the main factors. After several years of relatively low inflation, the CPI inflation rate shot up from 2021 onwards, hitting a high of 11.1 percent in October 2022. In the months since that peak, inflation has fallen to more usual levels, and was 2.5 percent in December 2024, slightly up from 1.7 percent in September. Since June 2023, wages have also started to grow at a faster rate than inflation, albeit after a long period where average wages were falling relative to overall price increases. Economy continues to be the main issue for voters Ahead of the last UK general election, the economy was consistently selected as the main issue for voters for several months. Although the Conservative Party was seen by voters as the best party for handling the economy before October 2022, this perception collapsed following the market's reaction to Liz Truss' mini-budget. Even after changing their leader from Truss to Rishi Sunak, the Conservatives continued to fall in the polls, and would go onto lose the election decisively. Since the election, the economy remains the most important issue in the UK, although it was only slightly ahead of immigration and health as of January 2025.

West Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to **** — well below the national benchmark of 100. Virginia— which had an index value of ***** — was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California. Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately ******* U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than ******* U.S. dollars. That makes living expenses in these states significantly lower than in states such as Hawaii and California, where housing is much pricier. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded *** U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Lake County, IL (MWACL17097) from 2009 to 2023 about Lake County, IL; Chicago; adjusted; IL; average; wages; real; and USA.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Lake County, OH (MWACL39085) from 2009 to 2023 about Lake County, OH; Cleveland; adjusted; OH; average; wages; real; and USA.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for New London County, CT (MWACL09011) from 2009 to 2021 about New London County, CT; Norwich; CT; adjusted; average; wages; real; and USA.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for York County, ME (MWACL23031) from 2009 to 2023 about York County, ME; Portland; ME; adjusted; average; wages; real; and USA.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Davidson County, NC (MWACL37057) from 2009 to 2023 about Davidson County, NC; adjusted; NC; average; wages; real; and USA.

This statistic shows the average weekly housing costs in the United Kingdom (UK) in 2012, by tenure. In 2012, ** percent of all households were paying between £** and £*** housing costs per week.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Montgomery County, OH (MWACL39113) from 2009 to 2023 about Montgomery County, OH; Dayton; adjusted; OH; average; wages; real; and USA.

Average weekly earnings for the whole economy, for total and regular pay, in real terms (adjusted for consumer price inflation), UK, monthly, seasonally adjusted.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Salt Lake County, UT (MWACL49035) from 2009 to 2023 about Salt Lake County, UT; Salt Lake City; UT; adjusted; average; wages; real; and USA.

Update 29-04-2020: The data is now split into two files based on the variable collection frequency (monthly and yearly). Additional variables added: area size in hectares, number of jobs in the area, number of people living in the area.

Context

I have been inspired by Xavier and his work on Barcelona to explore the city of London! 🇬🇧 💂

Content

The datasets is primarily centered around the housing market of London. However, it contains a lot of additional relevant data: - Monthly average house prices - Yearly number of houses - Yearly number of houses sold - Yearly percentage of households that recycle - Yearly life satisfaction - Yearly median salary of the residents of the area - Yearly mean salary of the residents of the area - Monthly number of crimes committed - Yearly number of jobs - Yearly number of people living in the area - Area size in hectares

The data is split by areas of London called boroughs (a flag exists to identify these), but some of the variables have other geographical UK regions for reference (like England, North East, etc.). There have been no changes made to the data except for melting it into a long format from the original tables.

Acknowledgements

The data has been extracted from London Datastore. It is released under UK Open Government License v2 and v3. The underlining datasets can be found here: https://data.london.gov.uk/dataset/uk-house-price-index https://data.london.gov.uk/dataset/number-and-density-of-dwellings-by-borough https://data.london.gov.uk/dataset/subjective-personal-well-being-borough https://data.london.gov.uk/dataset/household-waste-recycling-rates-borough https://data.london.gov.uk/dataset/earnings-place-residence-borough https://data.london.gov.uk/dataset/recorded_crime_summary https://data.london.gov.uk/dataset/jobs-and-job-density-borough https://data.london.gov.uk/dataset/ons-mid-year-population-estimates-custom-age-tables

Cover photo by Frans Ruiter from Unsplash

Inspiration

The dataset lends itself for extensive exploratory data analysis. It could also be a great supervised learning regression problem to predict house price changes of different boroughs over time.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Johnson County, IA (MWACL19103) from 2009 to 2023 about Johnson County, IA; Iowa City; IA; adjusted; average; wages; real; and USA.

In 2022/23, the average household in the United Kingdom spent around **** British pounds a week on clothing and footwear, compared with **** pounds in 2001/02.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Mercer County, NJ (MWACL34021) from 2009 to 2023 about Mercer County, NJ; Trenton; adjusted; NJ; average; wages; real; and USA.

In 2022/23, the average household in the United Kingdom spent around 63.5 British pounds a week on food and non-alcoholic drinks, compared with 72.7 pounds in 2001/02.

Renting an apartment in Cambridge cost on average more than ***** British pounds per month in December 2023, making it the most expensive cities for renters in the UK after London. In London, the average rent ranged between ***** British pounds and ***** British pounds depending on the location. On the other hand, Northern Ireland, Wales, and North East were the regions with the most affordable rents.