Did you ever bother to know how to send money to India while living and working in the UK? In this article, we will look at the costs an Indian is supposed to incur if they wish to reside in the United Kingdom.
Before we take a detailed look at the cost of living in the UK, it is appropriate to see the currency exchange rate between Pound Sterling and Indian Rupee at present.
One Pound Sterling equals 103.17 Indian Rupee.
Let’s take a look at the cost of living in the UK for an Indian national.
Rent:- Rent for a month of a one-bedroom apartment in central London costs you about 1,686 GBP; whereas, rent of the same-space apartment in central Manchester costs you about 709 GBP.
Food:- A 3 courses lunch for two persons in an average restaurant in London costs you about 55 GBP; whereas a 3-course lunch for two persons in an average restaurant in Manchester costs you about 50 GBP.
Transport:- If you travel on a monthly pass in London, it will cost you about 132 GBP; whereas, travelling on a monthly pass in Manchester will cost you about 51.50 GBP.
Living expense:- One person’s living expenses exclusive of rent in London are about 756 GBP and 596 GBP in Manchester.
One person’s annual living expenses exclusive of rent in London are about 9,072 GBP and 7,152 GBP in Manchester.
A university student living in London will incur about 557 GBP exclusive of rent in a month and 433 GBP in Manchester.
A 4-person family will incur about 2,717 GBP exclusive of rent as living expenses in London per month and 2,108 GBP in Manchester.
A 4-person family will incur about 32,604 GBP exclusive of rent annually in London and 25,296 GBP in Manchester.
Average salary range:- Minimum annual average salary for the position of a cashier in the UK is about 15,465 GBP, and the maximum annual average salary of a product manager is about 46,009 GBP with other jobs with different salaries falling in between. You have to save for a money transfer to India from your current salary.
Accommodation:- Monthly cost of a one-bedroom apartment in central London will cost you about 1,686 GBP and 709 GBP in Manchester.
The monthly cost of a one-bedroom apartment outside central London is about 1,180 GBP and 501 GBP in Manchester.
A three-bedroom family apartment in central London will cost you about 3,125 GBP monthly and 1,180 GBP in Manchester.
A three-bedroom family apartment outside of London will cost you about 1,975 GBP monthly and 795 GBP in Manchester.
Internet:- Internet will cost you about 24 GBP in London on a monthly average and 19 GBP in Manchester. You can send money to India online to save money.
Utilities:- Utilities (electricity and water) will cost you about 143 GBP in London on a monthly average in a small apartment and 129 GBP in Manchester.
Healthcare:- The average cost of a family doctor check-up in the UK is about 68 GBP.
Cold medicine for six days costs you about 3.81 GBP on average.
An Antibiotic prescription, on average, will cost you about 8 GBP in the UK.
Commuting, fuel and vehicle prices:- One litre of Gasoline costs you 1.19 GBP; a monthly bus pass is for 132 GBP; a single-use bus ticket will cost you about 2.50 GBP; an 8 KM (5 miles) journey in a cab will cost you about 19 GBP, and a new model of Toyota Corolla will cost you about 18,702 GBP.
Education:- Preschool’s monthly fee is 1,039 GBP, and the annual fee of a private school for lower grades is 15,250 GBP.
Annual university tuition fee for international students in University college London ranges between 16,340 GBP to 32,670 GBP (subject to course selection), and annual university tuition fee for international students in University of Manchester goes between 17,000 GBP to 24,000 GBP ( subject to course selection).
Conclusion:- The easy way now to determine how much money you need to live in the United
The kingdom is to do the simple mathematical multiplications while keeping the updated currency exchange rates and your needs and requirements in mind, in the light of the above facts and figures.
We hope this guide will help you have a pretty fair idea about the living cost in Britain. This will also increase your amount for online money transfers to India to support your family.