Is Bermondsey Expensive?

London, United Kingdom

+0% vs London avg

Living in Bermondsey, London

Bermondsey is a relatively affordable area in London, with a cost of living index of 87.5 — that is +0% compared to the London average. At #20 of 35, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around £1,883/month, compared to a range of £1,280 in Barking to £2,730 in Mayfair.

Monthly Budget Breakdown

For a typical resident of Bermondsey, housing takes up roughly 45% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately £75,301 before tax.

Typical Salaries in Bermondsey

Salaries in Bermondsey reflect the local cost of living. Based on the neighborhood COLI of 87.5:

After tax and deductions of 26.6% in United Kingdom, take-home pay for someone earning £75,301 would be roughly £55,271/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

87.5
COLI Index
1.00x
vs City Avg
£1,883
Est. 1BR Rent
#20
of 35 Areas
26.6%
Total Deductions

Tax & Deductions in Bermondsey

Estimated annual deductions on a £49,416 salary in Bermondsey, London (local employee).

Income Tax
15%
National Insurance (NI)
8.0%
Council Tax (Southwark)
3.7%
Total Deductions: 26.6%
Est. Take-Home: £36,274/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Bermondsey would need to be elsewhere:

City Currency Equivalent
New York USD $65,625
Dubai AED AED 328,373

Other Neighborhoods in London

Neighborhood COLI Multiplier vs Avg
Mayfair 126.9 1.45x +45%
Chelsea 120.7 1.38x +38%
Kensington 118.1 1.35x +35%
Marylebone 115.5 1.32x +32%
Hampstead 113.8 1.30x +30%

View all 35 neighborhoods in London →

Convert Your Salary

See exactly what you need to earn in Bermondsey, London to maintain your lifestyle.

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London City Comparisons

London vs New York London vs Dubai London vs Singapore London vs Paris

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Bermondsey:

Queen Anne, Seattle Madrona, Seattle Nørrebro, Copenhagen Navy Yard, Washington DC Ramat HaHayal, Tel Aviv Richmond District, San Francisco

Frequently Asked Questions

Is Bermondsey expensive in London?

Bermondsey is near the city average for London. Costs are about +0% vs the average, making it a mid-range neighborhood.

How does Bermondsey compare to the London average?

The cost of living in Bermondsey is near the London average. With a multiplier of 1.00x, everyday expenses including rent, food, and transportation are +0% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include UK Office for National Statistics · HM Revenue & Customs · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.