Is It Expensive to Live in Great Britain?

Have you ever wondered about the cost of living in Great Britain? As someone who has called both Edinburgh and northwest England home, this article will provide you with a detailed comparison of living costs between the UK and the US.

Comparing Housing Costs:

Housing costs in Britain might seem a bit higher compared to certain areas in the United States, but this can vary depending on your location. I recently rented a nice one-bedroom ground-floor Edwardian flat in Edinburgh for around ￡1100 per month. When it comes to purchasing, I managed to get a charming 1500-square-foot character cottage on the outskirts of a picturesque village for approximately ￡275,000. The quality of British construction is something to marvel at, with exceptional standards reflected in every detail.

What About Food Costs?

Food prices in Britain are comparable to those in the US, reminiscent of the vibrant variety and quality available. However, when it comes to fuel, diesel or petrol is significantly more expensive. In fact, diesel currently equates to about $11.35 per gallon, which is notably higher than in California and other parts of the US.

Medical Costs and the NHS:

Healthcare is a significant aspect of daily life in any country, and in Britain, it's a particularly important one. Medical costs are significantly less expensive compared to the US. I only had to pay around ￡600 for my first 2?-year visa that included comprehensive health coverage. Everything, including prescriptions, is covered by the NHS. As a result, I only needed to visit a physician once for a minor check and was seen on the same day.

Taxation and Financial Considerations:

Taxation in Britain can be variable and progressive. Individuals earning less than ￡12,500 per year are not taxed. Those earning between ￡12,501 and ￡50,000 are taxed at 20%, while those earning between ￡50,001 and ￡150,000 are taxed at 40%. Annual incomes above ￡150,000 are taxed at a steep 45%. It's worth noting that there are no tax deductions for charitable contributions, mortgage interest, or other expenses. As an American living in Britain, you will need to pay US income tax on your worldwide income, but since you are already paying more in England, you generally won't owe any US income tax.

Quality of Life in Britain:

Beyond the financial considerations, one of the biggest benefits of living in Great Britain is the quality of life it offers. My wife and I and our dogs can often be found on a 15-mile or more walk through farm pastures, fells, and moors. You won't find any shouting "get off my land" or threats with a gun. While I support the Second Amendment rights in the US, the British system is clearly more effective and peaceful in a different way.

In summary, while housing and fuel costs might be higher, other aspects like healthcare and quality of life, coupled with the tax system, make Great Britain an intriguing place to live. Consider your personal circumstances and the benefits of each location when making your decision.