This is Quarter Life. Here I chronicle my life as a creative, and all the things I've learnt along the way.

Money in Sydney vs. London

Money in Sydney vs. London

Q

Before we begin, this article is best read on desktop to see the full price comparison :)

Moving to London was a big step for me personally, but a big step back for me financially. In my 24 years, I did not pay for rent or groceries, and while I saved a lot, I also had a lot of leftover disposable income that I spent on books and fashion.

The shift from Sydney to London changed my financial habits in these ways:

  • I spent less money on eating out for dinner because I had too many leftovers that would go to waste, and I had less friends to hang out with. Also eating out in London is absolutely crazy; it's normal to pay £20 ($40) per meal
  • I spent less money on lunch because I made my own lunches, and in Sydney I used to buy lunch every weekday
  • I spent less money on movies because London prices are a bit more expensive 
  • I spent more money on shows because there were so many to go to and they cost £20-30 per show compared to $100 per show in Sydney
  • I spent less money on fashion because I knew I would have carry them back, and also was adopting a more strict minimalist lifestyle
  • I spent less money on books because I knew I would ALSO have to carry those back, and my local London library had a better selection of books than my local one in Sydney
  • I spent significantly more on travel because London was so close to everything, and in Sydney I'd take a holiday once every 1-2 years
Note: Any conversions I did from $AUD to £GBP used the conversion rate of AUD$1 = GBP£0.57

Sydney vs London Recurring Expenses

Below are my numbers for my recurring expenses. Even though I paid $0 in rent and groceries per month, I asked my friends for an average rent and groceries budget and put it in the comparisons below. 

Note: £700 per month is for a 2 bedroom upstairs terrace flat around 35 minutes from Central London (shared with my partner).
 

Expense

Rent (+ utilities)

Groceries

Phone Bill

Transport

Dinner

Lunch

Swimming

Movies

Shows/Concerts

Sydney Price

$1300 per month*

$60 per week*

$40 per month

$40 per week

$20 per person

$10 per person

$7.7 per entry

$11 per movie

$100 per show

London Price

£700 per month

£25 per week

£15 per month

£25 per week

£20 per person

£12 per person

£3.5 per entry

£7.5 per movie

£30 per show

 

Sydney vs London Recurring Monthly Expenses

This is my monthly total based on my numbers above, and these reflect my average expenditure per month. 

 

Expense

Rent (+ utilities)

Groceries

Phone Bill

Transport

Dinner

Lunch

Swimming

Movies

Shows/Concerts


Total

Sydney Monthly Total

$1300 per month*

$260 per month*

$40 per month

$175 per month

$260 per month

$260 per month

$34 per month

$33 per month

$25 per month


$2387 per month
(or £1360 per month) 

London Monthly Total

£700 per month

£109 per month

£15 per month

£109 per month

£217 per month

£130 per month

£13 per month

£15 per month

£30 per month


£1338 per month
(or $2347 per month)

 

Other Expenses

These numbers reflect my monthly averages for each category. Books and fashion dropped once I moved to London, while travel significantly increased. Everything else stayed around the same because my habits didn't change so much.

My subscriptions include: Netflix, Spotify, Adobe CC, VPN, Google Suite, Google Storage, domain names and Squarespace.

 

Expense

Books

Tech

Beauty

Travel

Stationery

Fashion 

Subscriptions


Total

Sydney Monthly Total

$30 per month

$168 per month

$30 per month

$168 per month

$15 per month

$84 per month

$147 per month


$642 per month
(or £366 per month)

London Monthly Total

£9 per month

£85 per month

£10 per month

£450 per month

£8 per month

£25 per month

£84 per month


£671 per month
(or $1177 per month)

 

Total Sydney expenses (for me - rent free)

$1469 per month
(or £838 per month)

$17628 per year
(or £10049 per year)

Total Sydney expenses (including "rent/groceries")

$3029 per month
(or £1727 per month)

$36488 per year
(or £20798 per year)

Total London expenses

£2009 per month
(or $3524 per month)

£24108 per year
(or $42295 per year)

A Creative's Practical Guide to London

A Creative's Practical Guide to London