Whether you are bored of your current location or you have just graduated from university, and you’re exploring your options, London is a city that has much to offer, which is why it attracts millions of people every year. Besides being the capital of England, there are many reasons why it is a renowned city. The tourism sector is booming, over 270 nationalities can be found here, and many young professionals flock to this city to take advantage of the plentiful opportunities available. Here is a short guide to London to help you decide if relocating is the right choice for you.
With around 5.8 million jobs in London, you can definitely say that this great city has a thriving economy. London is a leading hub for finance and technology in Europe, and it is also well known for its creative industry too. Canary Wharf and the City of London are the places to be when it comes to finance and banking, and there are plenty of prospects all over London for creative types. With around 21 million people visiting London each year, the hospitality sector and the tourism industry also provide a plethora of opportunities.
When it comes to earning potential in London, salaries are generally higher than across the rest of the country. For example, trainee solicitors should expect a starting salary of £19,992, but working in London, you should expect at least £22,541. As another example, when it comes to the education sector, qualified teachers should receive an annual wage of £32,157 in London, but in the rest of the UK, they should expect £25,714. Although the earning potential is a huge draw, these high salaries are there to offset the overall cost of living in the capital.
Prepare Yourself For the Move
With most things available at your fingertips nowadays, there is no excuse not to do your research on a city before making the move. Checking out accommodation and availability can help prepare your mind and your wallet for your move. Not to mention, it is a good idea to secure a job before relocating to the capital. Without a job and a place to stay, it may not be as much fun living in London. However, it is easy to find places to stay. Websites, for example, such as Room Club, list different types of accommodation in London which are perfect for students and young professionals. The platform also features a job search section for you to browse through. Find your accommodation in London quickly and easily, and start enjoying your time in London with the least amount of stress.
Living Costs and Lifestyle
With the cost of food, transport, rent, and council tax taking a chunk out of your wage, living in London can get extremely expensive. According to the Mercer Cost of Living Survey 2021, London is the 18th most expensive city in the world. However, the standard of living is generally good in London. There is always something to do in this great city, and you can find eateries and convenience stores everywhere. Not to mention, in terms of culture, arts, food, and sports, London can rival other capital cities around the world.
If you’re a Friend’s fan, you can’t NOT think of this scene when you hear someone talk about London.