London vs Tokyo
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: London vs Tokyo
Tokyo is 34% more affordable for homebuyers. London has a price-to-income ratio of 12.5x compared to 10.8x in Tokyo.
| Metric | London | Tokyo |
|---|---|---|
| Avg Home Price | $680,000 | $450,000 |
| Price / sqm | $15,000 | $9,500 |
| Rent (1BR) | $2,800/mo | $1,200/mo |
| Rent (3BR) | $4,500/mo | $2,200/mo |
| Price-to-Income | 12.5x | 10.8x |
| Mortgage Rate | 4.5% | 1.5% |
| 1yr Change | +1.2% | +3.5% |
| Median Income | $54,000/yr | $42,000/yr |
| Population | 9,000,000 | 14,000,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is London or Tokyo more expensive?
Tokyo is more affordable. Home prices differ by $230,000 (34%).
Which city has cheaper rent, London or Tokyo?
Rent for a 1BR in London is $2,800/mo vs $1,200/mo in Tokyo.
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