The Cost of Moving

written in car, cost, italy, london, moving, oyster, price

I have friends in Italy who are eager to move to London. We all have. Most of these friends are concerned about the cost of moving within London, for some idiotic reasons people think that buses and underground are too expensive. Well… that’s bullshit. The aim of this article is to compare the cost of moving within Italy and London and prove that London is much more cheaper than expected. The assumptions here are: in Italy you need a car for living, while in London not. Don’t you think it’s the same? Bullshit again, in big cities like London you just need a public transports subscription. You really don’t want to own a car (which is a huge relief for me since I moved to London).

So… the goal to reach here is: “One wants to move around the city, to go to work or out for having fun.”. You may achieve that in different ways in Italy and London. Find below what my personal expenses were in Italy and now, that I moved to London.

Don’t misunderstand me, it might be that here I’m comparing apples to oranges to you, but just try to follow me in the process.

Let’s go bananas and run some numbers.

Italy

To own a car in Italy you deal with:

Vehicle

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What                             | When                           | How much        
-------------------------------- | ------------------------------ | --------------- 
Fiat Punto Evo                   | Once every 10 years            | 11950 €         
GPL system (to save on fuel!)    | Once every 10 years            | 1900 €          
-------------------------------- | ------------------------------ | --------------- 
Total                            | Annually                       | 1385 €

Fixed costs

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What                            | When                          | How much
------------------------------- | ----------------------------- | ----------------
Insurance                       | Annually                      | 631 €
Driver license renewal          | Once every 10 years           | 73 €
Vehicle tax                     | Annually                      | 125 €
Maintenance & damages           | Annually                      | 300 €
Wheels change                   | Annually                      | 90 €
Wheels replacement              | Once every 3 years            | 320 €
------------------------------- | ----------------------------- | ----------------
Total                           | Annually                      | 1259 €

Variable costs

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What                       | When               | How much
-------------------------- | ------------------ | ---------------------------------
GPL                        | Annually           | 1812 €
Parking tickets            | Annually           | 150 € (roughly, have no idea...)
-------------------------- | ------------------ | ---------------------------------
Total                      | Annually           | 1962 €

Fuel price is calculated based on this site (GPL for me, the most economical choice 0,769 €/litre) and considering 108 km per day, 22 days per months, 12 months per year (that is strictly what I did just to go to work during the week, without taking into account the weekend movements). With my GPL system the consumption is about 12km/litre.

Basically:

  • 108 km/day * 22 days * 12 months = 28512 km per year
  • 28512 km/year / 12 km/litre = 2376 litres per year
  • 2376 litre/year * 0.763 €/litre = 1812 € per year

So, 1259 + 1962 + 1385 = 4606 €

That is more or less what you need to pay in Italy to own a baseline car (lucky that I considered one with a GPL system!).

London

Well… what about London? Oyster subscription is all you need to move in zone 1&2. It is all you need to go to work and to go out for having fun. I’m not considering trains to move outside London… same reasoning for Italy, right?

Oyster

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What                 | When              | How much
-------------------- | ----------------- | --------------------
Subscription         | Annually          | 1221 £
-------------------- | ----------------- | --------------------
Total                | Annually          | 1221 £

N.B. 1 £ ≈ 1.2 €

Impact on salary

Let’s consider the impact on a monthly net average salary for a software engineer.

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Monthly net salary      | Cost of moving               | Impact
----------------------- | ---------------------------- | -----------------
1350 € (25k per year)   | 383.8 € (4606 € per year)    | 28.4 %
2997 £ (50k per year)   | 101.75 £ (1221 £ per year)   | 3.39 %
----------------------- | ---------------------------- | -----------------

Q.E.D.


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