London, England

Cost of living in City of London

Data last updated: 12 May 2026

£2,159/mo
Average rent
£790,000
Average house price
£1,330/yr
Council tax (Band D)
£193/mo
Est. energy & water

Rent in City of London

The average monthly rent in City of London is £2,159.

  • 1 Bed
    £2,058 /mo
  • 2 Bed
    £2,700 /mo
  • 3 Bed
    N/A
  • 4+ Bed
    N/A

The cheapest 25% of rents start from £1,800/month.

Source: ONS Private Rental Market Statistics

Earnings in City of London

Median
N/A
Mean
£73,082
per year

We use the median (middle value) as the average throughout this site. This is more representative than the mean, which can be skewed by extremely high or low values.

Source: ONS Annual Survey of Hours and Earnings (ASHE)

House prices in City of London

The average house price in City of London is £790,000.

  • Flat
    £790,000

Source: ONS / HM Land Registry

Council tax in City of London

Band D council tax in City of London is £1,330 per year.

  • Band A
    £886
  • Band B
    £1,034
  • Band C
    £1,182
  • Band D
    Benchmark
    £1,330
  • Band E
    £1,625
  • Band F
    £1,920
  • Band G
    £2,216
  • Band H
    £2,659

Source: MHCLG / Scottish Government / Welsh Government

Energy costs in City of London

A typical household in City of London pays approximately £1,641/year (£137/month) for gas and electricity.

Annual
£1,641
per year
Monthly
£137
per month

Energy region: London

This estimate is based on the Ofgem price cap for a typical dual-fuel household using 2,700 kWh of electricity and 11,500 kWh of gas per year, paying by Direct Debit. Your actual costs will depend on your usage, tariff, and whether you're on a fixed deal.

Source: Ofgem Energy Price Cap, Q2 2026

Water costs in City of London

The average annual water and sewerage bill for Thames Water customers is £666/year (£56/month).

Annual
£666
per year
Monthly
£56
per month

Water company: Thames Water

Water bills vary based on whether you have a meter and your household's water usage. This figure is the company average for unmetered customers.

Source: Water UK / Discover Water, 2026-27

Compare City of London with another area

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Data on this page is sourced from: ONS Private Rental Market Statistics, ONS Annual Survey of Hours and Earnings, ONS / HM Land Registry House Price Statistics, MHCLG / Scottish Government / Welsh Government council tax data, Ofgem Energy Price Cap, and Water UK / Discover Water. All official data is published under the Open Government Licence.