What is the Cost of Living in Luton?

What is the Cost of Living in Luton

Park for a day in a north Devon town like Bideford and it’ll cost you a lot less than a tenner. Park for the day in Brighton and you’ll have to shell out at least £25. This kind of difference isn’t unusual, it applies to all sorts of products and services. Some parts of the country will always be more expensive than others: those with good public transport links, commuter towns close to big cities, coastal towns and beautiful rural areas where tourists gather, they come at a cost-of-living premium. And the closer you get to the capital, the more expensive life gets. Against a landscape like this, when choosing between London and Luton, it makes sense to pin down the average cost of living in Luton UK before making a decision. This article delves deep into Luton house prices, and gives you the insight you need into the average Luton cost of living.

Average Cost of Living in the UK

First, let’s look at the big picture. What is the average cost of living in the UK? After many years of very low interest rates things are beginning to shift upwards, mostly thanks to covid according to the Bank of England. We’re already seeing the highest levels since early 2009.  Inflation and prices are rising fast and of course they are impacting the cost of living in the UK.

The Numbeo cost of living calculator tells us that a family of four’s estimated monthly costs are £2,274.45 on top of their rent. A single person’s estimated monthly costs are £653.54 before rent. With the UK average 3 bedroom apartment rent varying from around £990 to £1240 per month, and single bedroom apartments from £625 to £760. This gives you a decent idea of the situation, but on the other hand these are average prices derived from figures across the whole of the UK. Peak city centre prices and costs, especially in London, are a great deal higher.

Cost of Living in Luton

Luton is a popular commuter town, perfect for accessing work in London. So what’s the average cost of living in the town? The Numbeo cost of living calculator provides data about the average cost of living in Luton UK: 

  •         A family of four’s estimated monthly costs are £2,332.49 before rent (using our own  estimator). This is above the national UK average, but not by too much
  •         A single person’s estimated monthly costs are £686.87  before rent, again a little more than the national average but not a lot
  •         At the same time, Luton is 15.60% less expensive than London before rent, as revealed by our cost of living index
  •         Rent in Luton is, on average, 56.12% lower than in London, which could potentially make a huge difference to your quality of life, your finances, and your future


Looking at some contrasting Luton average house price comparisons with overall average London costs:


  •         Consumer Prices in Luton are 15.60% lower than in London before rent
  •         Consumer Prices Including rent in Luton are 33.39% lower than in London
  •         Rent Prices in Luton are 56.12% lower than in London
  •         Restaurant Prices in Luton are 21.74% lower than in London
  •         Groceries Prices in Luton are 8.70% lower than in London
  •         Local Purchasing Power in Luton is 16.33% lower than in London


And here are some eye-opening Luton cost of living property rental numbers for you:


  •         1 bedroom city centre apartment rental – Luton: £742, London: £1732
  •         3 bedroom city centre apartment rental: Luton: £1271, London: £3429


Average Luton House Prices

How about the average house price Luton offers? It stands at £298,435 according to Zoopla, and £297,140 according to Rightmove. It’s also useful to look back in time to spot trends. Properties in Luton had an overall average price of £294,209 over the last year.

The majority of sales in Luton during the last year were semi-detached properties, selling for an average price of £299,787. Terraced properties sold for an average of £248,381 and detached properties fetched £419,673. As you can see there’s the usual kind of variation in Luton house prices seen elsewhere in the county – depending on the number of bedrooms, the condition of the property, and the district it’s in.

Cost of Living in Various Areas of Luton

Next on our living cost in Luton UK radar, the cost of living in different areas of Luton. As we’ve revealed, property prices for rental and purchase vary depending on the part of Luton you’re thinking about. These costs obviously have a significant impact on the overall cost of living in Luton.

As we write there’s a 1 bedroom flat for rent in Chapel Street for £480 / month (£111 / week). At the other end of the rental price scale there’s a 1 bed flat in Dumfries Street priced at £2253 / month (£520 / week). Property purchase prices vary in the same way, with a 1 bed flat to purchase on Chapel Street for just £35,000, and another 1 bed flat in the centre for £40,000. Both of these would be more or less impossible to track down in London unless you’re buying a broom cupboard or a parking space!

There’s expensive property in Luton, too. Take the 1 bed apartment for sale close to Luton airport, on the books at £305,000, probably partly because of its convenience for the airport itself.

Salary Required to Live Comfortably in Luton

The biggest question of all is this: What salary do I need to live comfortably in Luton? The average salary in the town is £35,885, which suggests that’s enough to live on in the town. It’s interesting to note how many of the job vacancies in Luton are IT and engineering roles.

Your accommodation costs are the biggest part of the cost of living in this area for many people, and the huge range in both purchase and rental prices impacts the salary you need. London salaries tend to be more than those outside the capital, but will the extra you earn for doing the same kind of job be enough to cater for the extra costs of living in London itself? It’s an essential piece of research for anyone thinking of moving to either place.

London or Luton?

Now you understand the ins and outs of Luton UK cost of living compared to London. There’s no doubt it’s almost always more expensive to live in London compared to Luton. Rent costs more in the capital unless you’re lucky to find somewhere low cost to rent in the remoter outskirts of the city. It’s more expensive to buy property in London than it is to buy a home in Luton. And everyday stuff like groceries and eating out make a bigger hole in your pocket in London than they do in Luton. Add the fact it’s just a half-hour commute into the capital and Luton starts to look particularly attractive. 

Now you understand the cost of living in London compared to Luton, where will you move to? How can our experienced property experts help you?