Cheap, City of London: Living Costs
Cost of Living
Living costs in Cheap are noticeably higher than the UK average, mainly because of transport and groceries. This matters whether you're planning your own budget or calculating rental yields.
Transport costs £190 a month here, versus £103 across the UK. That's a real difference. Groceries run to £260 compared to the UK average of £224. Council tax sits at £160, slightly above the national average of £147. Utilities and internet are pretty much in line with the rest of the country.
Overall, you're looking at around £780 a month for core living costs. If you're a landlord, it's worth keeping this in mind when you're talking affordability with potential tenants. Transport costs especially eat into City workers' budgets.
Insights powered by
Living cost comparison
Higher than
UK Average
Similar to
Aldersgate
Similar to
Bassishaw
Similar to
Walbrook
Higher than
Bread Street
Similar to
Farringdon Within
Higher than
Coleman Street
Higher than
Cordwainer
Estimated Living Costs
Annually
Monthly
Utilities
£1,680
Internet
£360
Council Tax
£1,330
Groceries
£3,120
Transport
£2,280
Council tax in Cheap, 2026-27
In Cheap (City of London), estimated 2026-27 council tax is about £111 a month for a couple and £83 for a single person.
| Household | Per month | Per year |
|---|---|---|
| Single person | £83 | £998 |
| Couple | £111 | £1,330 |
| Family | £111 | £1,330 |
| Single parent | £83 | £998 |
| Band | Per year |
|---|---|
| Band A | £886.37 |
| Band B | £1,034.10 |
| Band C | £1,181.83 |
| Band D | £1,329.56 |
| Band E | £1,625.02 |
| Band F | £1,920.48 |
| Band G | £2,215.93 |
| Band H | £2,659.12 |
- Ward averages based on the mix of homes in each band, not a bill for a specific home.
- Single person and single parent figures include the 25% single-person discount.
- Estimated from ONS, Ofgem and Census data. Council: City of London.
