Cost of Living: Wokingham Compared

Often ranked as one of the best places to live in the UK, Wokingham is a popular commuter town for people working in cities like London, Winchester and Oxford or commercial towns like Reading, Bracknell and Basingstoke.

You can find a more comprehensive guide about why Wokingham is so popular in either our Thames Valley Area Guide or Wokingham: The Happiest Place to Live. But, in this guide, we wanted to look at the cost of living in this popular market town.

Cost of Living: Wokingham vs London

No-one will be surprised that the cost of living in Wokingham is lower when compared to the nation’s capital. London has a reputation for being an expensive place to live and, in January 2018, was ranked the highest cost for property rents in Europe for the third year running. But, how does the overall cost of living in Wokingham compare to the capital?

cost of living wokingham

A Wokingham is a popular commuter town for people working in London. Image via Wikimedia.

According to the global crowd-sourcing database, Numbeo, you would need around £3,388 in Wokingham to maintain the same standard of living that you can achieve on average in the capital. This is based on a figure of £4,400 per month for living and renting in London.

This is made up of the following differences in the following important indices:

  • Consumer prices (excluding rent) are 13.87% lower.
  • Consumer prices (including rent) are 24.71% lower.
  • Rent prices are 38.68% lower.
  • Restaurant prices are 4.04% lower.
  • Grocery prices are 16.15% lower.
  • Local purchasing power is 57.67% higher.

Restaurants (Wokingham vs London)

There is little difference in the cost of restaurant prices between London and Wokingham with the main difference being in the cost of alcohol.

  London Wokingham Difference
Meal, Inexpensive Restaurant  £    15.00  £    15.00      0.00 %
Meal for 2, Mid-range Restaurant, Three-course  £    50.00  £    47.50      -5.00 %
McMeal at McDonalds (or Equivalent Combo Meal)  £       5.50  £       5.00      -9.09 %
Domestic Beer (0.5 litre draught)  £       4.50  £       3.80      -15.56 %
Imported Beer (0.33 litre bottle)  £       4.50  £       3.60      -20.00 %
Cappuccino (regular)  £       2.68  £       2.60      -3.14 %
Coke/Pepsi (0.33 litre bottle)  £       1.22  £       1.21      -1.24 %
Water (0.33 litre bottle)  £       0.95  £       0.98      +3.12 %

 

Markets (Wokingham vs London)

The cost of groceries in Wokingham are all cheaper than in London with the only exception being rice and water from a standardised list of items used to compare shopping costs.

  London Wokingham Difference
Milk (regular), (1 litre)  £       0.92  £ 0.85      -7.37 %
Loaf of Fresh White Bread (500g)  £       1.07  £ 0.90      -15.42 %
Rice (white), (1kg)  £       1.46  £ 1.50      +2.72 %
Eggs (regular) (12)  £       2.15  £ 1.90      -11.80 %
Local Cheese (1kg)  £       5.77  £ 4.70      -18.53 %
Chicken Breasts (Boneless, Skinless), (1kg)  £       6.69  £ 5.25      -21.48 %
Beef Round (1kg) (or Equivalent Back Leg Red Meat)  £       8.61  £ 7.00      -18.66 %
Apples (1kg)  £       2.03  £ 1.98      -2.45 %
Banana (1kg)  £       1.06  £ 0.89      -16.15 %
Oranges (1kg)  £       1.74  £ 1.20      -31.01 %
Tomato (1kg)  £       2.36  £ 2.20      -6.87 %
Potato (1kg)  £       1.36  £ 1.00      -26.38 %
Onion (1kg)  £       1.17  £ 1.00      -14.36 %
Lettuce (1 head)  £       0.81  £ 0.59      -26.10 %
Water (1.5 litre bottle)  £       1.02  £ 1.05      +2.97 %
Bottle of Wine (Mid-Range)  £       8.00  £ 7.00      -12.50 %
Domestic Beer (0.5 litre bottle)  £       1.63  £ 0.88      -46.37 %
Imported Beer (0.33 litre bottle)  £       2.07  £ 1.23      -40.35 %
Pack of Cigarettes (Marlboro)  £    10.00  £ 8.50      -15.00 %
wokingham cost of living

The average cost of a weekly shop is lower in Wokingham than in London. Image via Wikimedia Commons.

Transportation (Wokingham vs London)

Surprisingly, whilst the overall costs of transportation in Wokingham are lower, it is local transport which is more expensive. This will be no surprise to regular bus and train users and just validates the good value that Transport for London offers its users.

  London Wokingham Difference
One-way Ticket (Local Transport)  £           2.50  £           4.50      +80.00 %
Monthly Pass (Regular Price)  £      132.00  £         65.00      -50.76 %
Taxi Start (Normal Tariff)  £           3.45  £           3.90      +13.04 %
Taxi 1km (Normal Tariff)  £           3.00  £           1.50      -50.00 %
Taxi 1hour Waiting (Normal Tariff)  £         30.00  £         10.00      -66.67 %
Gasoline (1 litre)  £           1.21  £           1.14      -5.79 %
Volkswagen Golf 1.4 (Or Equivalent New Car)  £20,000.00  £ 18,000.00      -10.00 %
Toyota Corolla 1.6l (Or Equivalent New Car)  £20,336.93  £ 23,000.00      +13.09 %

 

Utilities (Wokingham vs London)

The cost of gas, electricity and water were all higher in Wokingham than in London though internet and mobile charges are lower.

  London Wokingham Difference
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment  £  135.61  £155.25      +14.48 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)  £       0.11  £     0.10      -7.53 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)  £     28.89  £   27.50      -4.81 %

 

Sports & Leisure (Wokingham vs London)

Reflecting the higher rental and business rates, entertainment and leisure facilities in London are much higher than in Wokingham.

  London Wokingham Difference
Fitness Club, Monthly Fee for 1 Adult  £    48.08  £   30.00      -37.61 %
Tennis Court Rent (1 Hour on Weekend)  £     11.33  £   10.00      -11.76 %
Cinema, International Release, 1 Seat  £     12.00  £   10.00      -16.67 %

 

Childcare (Wokingham vs London)

Comparing the cost for childcare, Wokingham is also significantly cheaper than the capital.

  London Wokingham Difference
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child  £   1,125.75  £    766.67      -31.90 %
International Primary School, Yearly for 1 Child  £15,852.94  £6,000.00      -62.15 %
childcare costs wokingham

Childcare costs are lower in Wokingham than in London. Image via Flickr.

Rent (Wokingham vs London)

Though property rental prices in Wokingham are higher than the national average, compared to London, they are much lower.

  London Wokingham Difference
Apartment (1 bedroom) in City Centre  £         1,628.35  £1,250.00      -23.23 %
Apartment (1 bedroom) Outside of Centre  £         1,181.22  £    850.00      -28.04 %
Apartment (3 bedrooms) in City Centre  £        2,984.96  £1,400.00      -53.10 %
Apartment (3 bedrooms) Outside of Centre  £         1,975.19  £1,275.00      -35.45 %

 

Property Prices (Wokingham vs London)

The overall average price of a house in London was £619,181 compared to £473,331 in Wokingham; that’s a difference of 23.56%.

Salaries & Financing (Wokingham vs London)

Though the average salary is lower than in London, the cost of a mortgage is cheaper.

  London Wokingham Difference
Average Monthly Net Salary (After Tax) £2,358.74 £2,800.00      +18.71 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.15 2.9      -7.69 %

 

Cost of Living: Wokingham vs Reading

Compared to Reading, Wokingham is, surprisingly for some, cheaper when it comes to achieving the same standard of living. In fact, you would need £3,511.32 to maintain the same lifestyle in Reading as you would in Wokingham.

This is broken down as follows:

  • Consumer Prices in Reading are 10.67% higher than in Wokingham
  • Consumer Prices Including Rent in Reading are 3.27% higher than in Wokingham
  • Rent Prices in Reading are 10.11% lower than in Wokingham
  • Restaurant Prices in Reading are 3.12% higher than in Wokingham
  • Groceries Prices in Reading are 24.51% higher than in Wokingham
  • Local Purchasing Power in Reading is 17.53% lower than in Wokingham
reading vs wokingham compared

Reading is more expensive to live than Wokingham. Image via Flickr.

Cost of Living: Wokingham vs UK National Average

Compared to the rest of the UK, the cost of living in Wokingham is higher with costs in each of the following key areas breaking down as follows:

Restaurants

 UK National  Wokingham  Difference
Meal, Inexpensive Restaurant  £            12.00  £           15.00 20.00%
Meal for 2, Mid-range Restaurant, Three-course  £           45.00  £           47.50 5.26%
McMeal at McDonalds (or Equivalent Combo Meal)  £              5.00  £             5.00 0.00%
Domestic Beer (0.5 litre draught)  £              3.50  £             3.80 7.89%
Imported Beer (0.33 litre bottle)  £              3.50  £             3.60 2.78%
Cappuccino (regular)  £              2.55  £             2.60 1.92%
Coke/Pepsi (0.33 litre bottle)  £               1.17  £             1.21 3.31%
Water (0.33 litre bottle)  £             0.88  £             0.98 10.20%

 

Markets

 UK National  Wokingham  Difference
Milk (regular), (1 liter)  £              0.89  £             0.85 -4.71%
Loaf of Fresh White Bread (500g)  £              0.95  £             0.90 -5.56%
Rice (white), (1kg)  £               1.21  £             1.50 19.33%
Eggs (regular) (12)  £              1.86  £             1.90 2.11%
Local Cheese (1kg)  £              5.33  £             4.70 -13.40%
Chicken Breasts (Boneless, Skinless), (1kg)  £              5.82  £             5.25 -10.86%
Beef Round (1kg) (or Equivalent Back Leg Red Meat)  £              7.66  £             7.00 -9.43%
Apples (1kg)  £              1.82  £             1.98 8.08%
Banana (1kg)  £              1.00  £             0.89 -12.36%
Oranges (1kg)  £               1.64  £             1.20 -36.67%
Tomato (1kg)  £              1.80  £             2.20 18.18%
Potato (1kg)  £               1.17  £             1.00 -17.00%
Onion (1kg)  £              0.93  £             1.00 7.00%
Lettuce (1 head)  £              0.73  £             0.59 -23.73%
Water (1.5 liter bottle)  £              1.00  £             1.05 4.76%
Bottle of Wine (Mid-Range)  £              7.00  £             7.00 0.00%
Domestic Beer (0.5 liter bottle)  £               1.56  £             0.88 -77.27%
Imported Beer (0.33 liter bottle)  £               1.71  £             1.23 -39.02%
Pack of Cigarettes (Marlboro)  £               9.30  £             8.50 -9.41%

 

Transportation

 UK National  Wokingham  Difference
One-way Ticket (Local Transport)  £               2.40  £             4.50 46.67%
Monthly Pass (Regular Price)  £             60.00  £           65.00 7.69%
Taxi Start (Normal Tariff)  £               3.00  £             3.90 23.08%
Taxi 1km (Normal Tariff)  £               1.55  £             1.50 -3.33%
Taxi 1hour Waiting (Normal Tariff)  £             20.00  £           10.00 -100.00%
Gasoline (1 liter)  £               1.17  £             1.14 -2.63%
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)  £     18,000.00  £   18,000.00 0.00%
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)  £     18,107.19  £   23,000.00 21.27%
local transport wokingham

Overall, transport costs in Wokingham are higher than the UK national average. Image via Wikimedia.

Utilities

 UK National  Wokingham  Difference
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment  £           140.47  £         155.25 9.52%
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)  £               0.14  £             0.10 -40.00%
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)  £             26.05  £           27.50 5.27%

 

Sports & Leisure

 UK National  Wokingham  Difference
Fitness Club, Monthly Fee for 1 Adult  £             31.32  £           30.00 -4.40%
Tennis Court Rent (1 Hour on Weekend)  £               9.66  £           10.00 3.40%
Cinema, International Release, 1 Seat  £             10.00  £           10.00 0.00%

 

Childcare

 UK National  Wokingham  Difference
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child  £           846.37  £         766.67 -10.40%
International Primary School, Yearly for 1 Child  £     12,863.14  £     6,000.00 -114.39%

 

Rent

 UK National  Wokingham  Difference
Apartment (1 bedroom) in City Centre  £           752.57  £     1,250.00 39.79%
Apartment (1 bedroom) Outside of Centre  £           601.66  £         850.00 29.22%
Apartment (3 bedrooms) in City Centre  £       1,204.02  £     1,400.00 14.00%
Apartment (3 bedrooms) Outside of Centre  £           928.29  £     1,275.00 27.19%

 

Property Prices

The average UK house price is currently £211,625 compared to £473,311 which makes house prices in Wokingham a staggering 124% higher.

Salaries & Financing

 UK National  Wokingham  Difference
Average Monthly Net Salary (After Tax)  £       1,795.04  £     2,800.00 35.89%
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate  £               3.23  £             2.90 -11.38%

 

Property Assistant Wokingham are local estate agents working in the Keller Williams Network. We offer a refreshing change from many people’s perception of property agents. A family run business with a focus on offering a professional but personable service, we pride ourselves on telling our clients what they need to know, not what they want to hear.

If you are considering a move, in or around the Thames Valley area, then we’d love to hear from you; renting, buying, selling or downsizing, we call help you find your perfect home today.

Featured image via Geograph.