The United Kingdom and Ireland are among the top destinations for potential immigrants who are planning to move to a new home. Both countries make an attractive place for immigration since they offer a great quality of life, alongside plenty of opportunities for education and career.
If you’re planning to settle permanently in the UK or Ireland, you may have to consider applying for a family visa. A family visa is a visa category that allows your loved ones to join you in your soon-to-be home country. Some of these family visas involve lengthy and often complicated application processes, which is why you may need to seek the help of Birmingham Immigration lawyers when settling your immigration in the UK. In the same way, immigration lawyers Ireland can also assist you with your application as you make the move to the country.
But beyond the availability of opportunities and the new environment, the cost of living is an important – if not more crucial – thing to consider when immigrating to another country. It’s first important to ask to make sure that you can afford living costs when settling into your new home and the kind of life you can generally expect from it.
With the UK and Ireland sitting in close proximity, it can be easy to assume that life in both countries is similar. While some elements of your life will only witness minimal change, there is still a lot to consider in the aspect of international relocation, and it should thus be a decision that should be handled seriously.
To guide you with your decision, we have outlined a simple guide that discusses the costs of living in other countries and a comparison between both in terms of life across various aspects.
General Cost of Living in the UK vs. Ireland
As of May 2022, the cost of living in Ireland is 5.1% higher than that of the United Kingdom. The statistic has remained the same since 2018, where a study by the Provident Personal credit in the same year showed that the overall cost of living in Ireland is approximately 13.97% more expensive compared to living in the UK. This number included high rental prices, which were around 50% higher than in the UK, alongside more costly groceries and consumer products in Ireland.
However, it’s worth noting that the costs of living in Ireland can be manageable, though this largely depends on the city or town to live in. Among all the cities in the country, Dublin is the most expensive to reside in, ranking 39th among the 209 most expensive cities surveyed worldwide. Because of this, expats residing in Ireland are usually supported by well-paying jobs that allow them to enjoy a high quality of life. Here, your biggest expenses usually dwell on accommodation, then groceries, followed by healthcare and education.
While it’s hard to directly compare the costs of traveling between both countries, there’s inevitably more value for money in London. Having a monthly card, for instance, gives you access to unlimited travel on buses and tubes. Moreover, you also get to travel long distances cheaply and quickly. On the other hand, the average weekly expenditures of an Irish household show an average of €124 on travel expenses alone, including diesel and petrol. Dublin Bus fares cost an average of €2.70., while inner-city bus fairs cost €2.20.
But even though bus prices are almost similar in both countries, you can go further in the UK for a pound with a more efficient, reliable, and faster transport system.
The cost of accommodation in Dublin and London is exceptionally high. In Ireland alone, accommodation expenses continuously rise every year, especially in Dublin. This is mostly due to the low availability of housing coupled with high demand. Because of this, it’s important that you leave enough room in your budget for rental costs, especially since competition can be quite stiff in the housing market. For example, a one-bedroom apartment in the city center of Dublin costs about €1,300 per month as opposed to an unfurnished, two-bedroom London apartment that costs a monthly average of roughly £1,950.
Even so, the figures demonstrate that London is more affordable when it comes to day-to-day living since you’ll save on plenty of things like toiletries, alcohol, and groceries.
Comparing the cost of living between Ireland and London mainly depends on your everyday expenses, income, and rental prices. However, those who have already made the move entirely agree that London tends to offer cheaper and more affordable luxuries.
Moreover, London also houses more high-quality and cheap-eat spots compared to Dublin, which makes it an affordable option to eat out whenever you want.