Myatt's Fields, Lambeth: Living Costs
Cost of Living
Living costs in Myatt's Fields come to around £765 a month — notably higher than the UK average of £640. Groceries and transport are the main drivers of this difference.
Utilities and internet sit roughly in line with the national average. Council tax is actually slightly lower than the UK average at £145 a month. The real gap opens up with groceries at £260 a month compared to £224 nationally, and transport at £190 versus £103. That transport figure reflects the cost of getting around inner London rather than anything specific to the neighbourhood.
If you're a landlord, these higher running costs matter when you're assessing affordability for prospective tenants. Demand in this part of Lambeth remains strong, which supports rental yields, but tenants here carry a heavier monthly cost burden than people elsewhere in the UK.
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Living cost comparison
Higher than
UK Average
Higher than
Newington
Similar to
Camberwell Green
Similar to
Oval
Similar to
Herne Hill & Loughborough Junction
Similar to
Stockwell East
Similar to
Brixton North
Higher than
Kennington
Estimated Living Costs
Annually
Monthly
Utilities
£1,680
Internet
£360
Council Tax
£1,922
Groceries
£3,120
Transport
£2,280
Council tax in Myatt's Fields, 2026-27
In Myatt's Fields (Lambeth), estimated 2026-27 council tax is about £160 a month for a couple and £120 for a single person (most common band: B, £1,592 a year).
| Household | Per month | Per year |
|---|---|---|
| Single person | £120 | £1,442 |
| Couple | £160 | £1,922 |
| Family | £160 | £1,922 |
| Single parent | £120 | £1,442 |
Most common band in Myatt's Fields: B (£1,592.20 a year before discounts).
| Band | Per year |
|---|---|
| Band A | £1,364.74 |
| Band B | £1,592.20 |
| Band C | £1,819.65 |
| Band D | £2,047.11 |
| Band E | £2,502.02 |
| Band F | £2,956.94 |
| Band G | £3,411.85 |
| Band H | £4,094.22 |
- 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: Lambeth.
