London costs £80–120/day on a tight budget, £200–320 mid-range, and £600+ for luxury. Here's a realistic 2025 breakdown of what things cost.
London is one of Europe's most expensive capitals — but it's also packed with world-class free attractions and a food scene that ranges from £4 wraps at Borough Market to £300 tasting menus at Alain Ducasse. The gap between budget and luxury is as wide as anywhere on earth.
Eating and drinking in London can be expensive — but Wetherspoons pubs offer a full cooked breakfast for £5.89 and pints from £2.50, which is genuinely extraordinary value in Central London. Not glamorous, but every budget traveller eventually ends up there.
How much does a pint of beer cost in London?
Central London pub pints average £6.50–8.50 for standard lager or bitter in 2025. Craft beer bars and venues near tourist sites charge £8–12. Wetherspoons: £2.50–3.50. Off-licence (bottle shop) beer: £1.50–3.50 to drink in a park.
Is London more expensive than New York?
Hotels and meals are roughly comparable (London slightly cheaper in £ terms once you factor in US tipping requirements). London's public transport (daily cap £8.10) is cheaper than NYC's unlimited MetroCard for short stays. Both cities's free cultural offerings are extraordinary — the British Museum is arguably ahead of the Met.
How much spending money do I need for London?
A realistic all-in budget for a comfortable, experience-rich week in London (not backpacker, not luxury): £1,500–2,000 for 7 nights including accommodation, food, transport, 2–3 paid experiences, and a West End show. Budget harder: £900–1,200 with hostels, market food, and free attractions.
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Go prepared — know the fair price before you land
Check real taxi fares and local tipping customs for London — so you never overpay on your first ride or leave an awkward tip.