Table of Contents
People who are considering going to the top two international education destinations frequently consider and inquire about the cost of living in the US vs the UK. Even though both nations are well known to have great standards of living, there are several differences in the costs connected with upholding those lifestyles.
Recent research does not agree with the assumption that living expenses are higher in the US than in the UK. The cost of living index in the UK is 7.73% less than in the US, this is as per a Numbeo report. There are numerous factors one must think of, including reduced healthcare, transportation, and overall living expenses, to blame for this. Because of these factors, the UK as a chosen travel destination for people who wish to live comfortably but as well as manage their spending adequately.
Cost Of Living Calculator
| Description | Cost (£) |
|---|---|
| Total Cost of Accommodation | 100 |
| Total Cost of Transport | 50 |
| Total Cost of Utilities | 30 |
| Total Cost of Food | 70 |
| Total Estimated Cost | 250 |
Cost Of Living In The UK
There are various factors that need to be considered to understand the overall expenditures when living in the UK. It is mandatory to have a rough estimate of your monthly expenditures to set a desired budget as per your finances. All the international students in the UK might need to spend between £1,154 and £1,218 per month on total living costs. This monthly budget varies as it solely depends on individual lifestyles, including social activities, which are a part of the overall living expenses in the UK as a whole.
In a year, these costs amount to an average of £13,848 to £14,616, including accommodation, food and groceries, household bills, transportation, entertainment, and other miscellaneous costs. This covers things expenses similar to what they might be used to in their home country, adapted to the UK context.
| Particulars | Monthly Cost (£) |
| Off-Campus Accommodation | £408 |
| On-Campus Accommodation | £472 |
| Transportation | £65 |
| Food | £360 |
| Utilities | £189 |
| Entertainment | £40 |
| Groceries | £28 |
| Clothes | £64 |
| Total Cost of Living with Off-Campus Accommodation | £1,154 |
| Total Cost of Living with On-Campus Accommodation | £1,218 |
Cost Of Living In The US
A student must consider all factors to understand the cost of living in the USA, which is often considered the most expensive country in which to survive. Let’s look at the average annual cost of living in the USA as an international student, considering factors such as tuition, travel, dining out, groceries, etc. The following table breaks down every element of life in the Land of the Free. You can create your budget depending on the choices you make.
| Particulars | Cost (Monthly) |
| Off-Campus Accommodation | $525 |
| On-Campus Accommodation | $871 |
| Transportation | $70 |
| Food Cost | $527 |
| Utility Cost | $180 |
| Entertainment | $48 |
| Groceries | $52 |
| Clothes | $102 |
| Total Cost of Living with Off-Campus Accommodation | $1,504 |
| Total Cost of Living with On-Campus Accommodation | $1,850 |
Cost Of Rentals In The UK Vs The US
The cost of living in the UK versus the US is slightly lower, as the UK has a cost of living index that is set at 7.73% lower than that of the US. When looking into the terms of rentals, the average monthly rent for a one-bedroom apartment in the UK is £824 (approx. $1,126), which is 27.91% higher than in the US, where it is $889. In spite of the higher rental costs in the UK, several factors, like lower healthcare and transportation expenses and others add to the overall lower cost of living in the UK in comparison to the US.
Gas Prices In The UK Vs The US
The total cost of petrol is one of the most important differences between the UK and US cost of living. In the country of UK, the average price of petrol comes down to £1,51 per litre (about $2,06) as of March 2024. This when compared is significantly higher than the US average price of petrol ($0.91) per gallon. The prices of petrol are determined by various factors, such as taxes, manufacturing costs and geopolitical events. According to the global petrol prices website, GlobalPetrolPrices.com, the average UK petrol price is $1.51 per litre in March 2024.
Healthcare In The UK Vs The US
One factor that has a lot to do with cause of concern around healthcare is the costs around them. There are multiple reports on the healthcare system and the costing of healthcare which sees a stark difference between UK and USAThe World Bank estimates that healthcare spending in the United States will amount to $11.100 per person in 2020, making it one of the most expensive countries in the world. By comparison, the United Kingdom spent $4.246 on healthcare per person in 2020. In the United Kingdom, the National Health Service (NHS) provides free healthcare to all UK residents.
Cost Of Utilities In The UK Vs The US
Utilities, such as electricity, gas, and water, are significant components of the cost of living in the UK vs US. According to a 2021 report by Numbeo, the average cost of utilities for an 85 square meter apartment in the UK is £159 (approx. $217) per month, which is 5.98% lower than the average cost for the same type of apartment in the US, which is $231 per month. However, it’s important to note that the cost of utilities varies widely depending on the location, climate, and consumption patterns. In the UK, for example, the cost of electricity is higher than in the US, but the cost of water is lower. When considering the overall cost of living in the UK vs US, the difference in utility costs becomes wider. Therefore, while utility costs are considered, the UK is an economic option.
One can consider the following example, the electricity costs in the UK are comparatively higher than in the US, but the same water costs are cheaper in the country. The difference in utility costs between the US and UK increases when you look at the overall cost of living. The UK is therefore, undeniably, a more cost-effective option when it comes to utility costs.
Cost Of School In The UK Vs The US
Education is rather another cost to consider for families and individuals. That’s why it’s crucial to compare how much education costs in the US vs. the UK as it can be rather pricey. Private schools can be expensive too, according to a popular ISC Research. The average cost of a private school in the UK is between £10k and £40k per year (roughly $13k to $54k).
Most primary and secondary education in the UK is publicly funded and free. In the US, the cost of education varies greatly depending on where you live and what kind of school you go to. According to a report from 2020, the average annual cost of a private primary and secondary school in the US was $11k per student. The UK has lower education costs because primary and secondary education is free.
Cost Of Food In The UK Vs The US
One of the biggest differences between the US and UK in terms of cost of living is the cost of food. According to a 2021 analysis by Numbeo, the average UK family grocery bill is £253 per week (roughly $346). That’s a 20.8% increase on the average US family grocery bill of $287 per week.
Of course, the cost of food can vary greatly depending on a family’s buying habits, location, and quality of products. Even if UK food costs are higher than US food costs, a true food cost comparison should consider the overall cost of living.
Is living in the UK cheaper than the US?
To sum up, there are significant differences between the cost of living in the US and UK. While living costs are often higher in the US than the UK, it’s important to keep in mind that living costs can vary depending on where you live and what kind of life you lead. If you’re planning to live and work in either of these countries, you can use the figures below for the cost of housing, health care, utilities and food as a general guide. In the UK, the cost of living index is actually 7.73% lower than in the US. So if you’re thinking of relocating or visiting either of these two countries, you’ll need to know about the associated costs, and budgeting is key.
FAQs
Q1. Which country has a higher cost of living for expatriates, the UK vs US?
Ans: The cost of living for expatriates in both countries can be high, depending on the location and lifestyle. However, according to the Mercer Cost of Living Survey, London in the UK is the 19th most expensive city for expatriates globally, while New York City in the US is the 14th most expensive.
Q2. Is transportation more expensive in the UK vs US?
Ans: The cost of transportation can vary depending on the region and mode of transportation. However, in general, the cost of public transportation in the UK is higher than that of the US.
Q3. How do taxes in the UK vs US impact the cost of living?
Ans: Tax rates in the UK vs US can vary depending on income and other factors. However, in general, the tax rate in the UK is higher than that of the US, which can impact the overall cost of living.
Q4. Which country offers a higher standard of living, the UK vs US?
Ans: The standard of living can vary depending on several factors, such as income, access to healthcare, and quality of life. However, both the UK and US offer a relatively high standard of living compared to other countries globally, despite differences in the cost of living in the UK vs US.
Q5. How does the cost of entertainment compare in the UK vs US?
Ans: The cost of entertainment in the UK vs US can vary depending on several factors, such as location, type of entertainment, and personal preferences. However, in general, entertainment costs tend to be higher in the UK compared to the US, particularly in major cities.
Q6. Is food more expensive in UK or USA?
Ans: The cost of food varies between the UK and the US, although, in general, the UK has higher food prices than the US. The average monthly cost of food in the UK is £360 while in the US the monthly cost of food is $527.
Q7. How much does it cost to live in the UK per month in USD?
Ans: The average monthly cost of living for students in the UK is $1494 (1154).
Thank you for reading our blog on ‘Cost Of Living In The UK Vs The US’. If you are in search of more such blogs, check out these:
