London, England

Cost of living in City of London

Q: What is the average house price in City of London?

The average house price in City of London is £762,500. flats £742,500. Source: ONS / HM Land Registry.

Q: How much is council tax in City of London?

Council tax in City of London ranges from £886 (Band A) to £2,659 (Band H). The Band D rate, used as the standard benchmark, is £1,330 per year. Your band depends on your property's valuation.

Q: How much are energy and water bills in City of London?

A typical household in City of London pays approximately £1,641/year (£137/month) for gas and electricity, based on the Ofgem price cap. Water bills with Thames Water average £666/year (£56/month).

Q: How safe is City of London?

In the most recent data, there were 5,728 recorded crimes per 10,000 people in City of London, which is above the national average of 813.2. City of London ranks #303 out of 303 areas. The most common crime type is theft with 3310 offences per 10,000 people.

Q: How does City of London compare to other areas?

You can compare City of London with any other UK area using our comparison tool. We compare rent, earnings, house prices, council tax, and energy costs side by side. Compare City of London now.

Data last updated: 14 May 2026

Page last reviewed: 14 May 2026

£762,500

Average house price

£1,330/yr

Council tax (Band D)

£193/mo

Est. energy & water

Rent in City of London

Rent data is not currently available for City of London.

Source: ONS Price Index of Private Rents (PIPR)

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)

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Average house prices in City of London

The average house price in City of London was £762,500.

Flat

£742,500

How house prices have changed in City of London

Average house prices over time, based on quarterly rolling-year medians from Land Registry data.

Source: ONS / HM Land Registry. Historical trend based on quarterly rolling-year median prices.

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

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Crime in City of London

There were 5,728 recorded crimes per 10,000 people in City of London, which is above the national average of 813.2. City of London ranks #303 out of 303 areas for lowest crime rate.

Violence & sexual offences

1,028/10k

(1,554 offences)

Burglary

304/10k

(459 offences)

Theft

3,310/10k

(5,001 offences)

Criminal damage

215/10k

(325 offences)

Drug offences

314/10k

(475 offences)

Public order

431/10k

(651 offences)

Other

126/10k

(191 offences)

Recorded crime statistics reflect crimes reported to and recorded by police. They may not capture the full picture of crime in an area, and recording practices vary between forces.

Source: Home Office police recorded crime, Year ending December 2025

Compare City of London with another area

Nearby areas

Explore the cost of living in areas close to City of London.

Islington 3.5 km away London Affordability: 74.4% Tower Hamlets 3.9 km away London Affordability: 67.7% Westminster 4.1 km away London Affordability: 85.3% Hackney 4.9 km away London Affordability: 82.6% Camden 5.7 km away London Affordability: 77.2% Southwark 5.7 km away London Affordability: 71.2% Lambeth 5.9 km away London Affordability: 74.1% Kensington and Chelsea 7.0 km away London Affordability: 96.1%

Frequently asked questions about City of London

What is the average house price in City of London?

How much is council tax in City of London?

How much are energy and water bills in City of London?

How safe is City of London?

How does City of London compare to other areas?

Data on this page is sourced from: ONS Price Index of Private Rents (PIPR), Scottish Government Private Sector Rent 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.