Cost of living
Cost of living in London
Average rent and household spending in London — and a quick check of whether your rent is reasonable for your income.
Average rent in London
CMHC, apartment structures of three units and over.
| Bachelor | $1,066/mo |
|---|---|
| 1 bedroom | $1,371/mo |
| 2 bedroom | $1,645/mo |
| 3 bedroom | $1,872/mo |
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Check your rent in London
That's about average for London ($1,645).
City comparison
How London compares
A one-bedroom in London averages $1,371 a month, the 10th most expensive of the 18 cities we track and $36 below the 18-city average of $1,407.
Keeping rent under the 30% guideline takes a gross income of about $54,840 a year for a one-bedroom here, and about $65,800 for a two-bedroom.
The median individual income in London is $43,850, so an average one-bedroom takes 38% of a median earner's gross income: stretched.
Household spending in Ontario
Average household, per year (Survey of Household Spending).
Educational information only — not financial advice. Rents are CMHC averages; actual options vary by neighbourhood and building.
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