Cost of living in Pimlico is one of the most frequently discussed topics among Londoners considering relocation. This district, nestled between Westminster and the River Thames, is known for its elegant Regency architecture, quiet garden squares, and proximity to central London landmarks. While Pimlico offers a mix of urban convenience and residential calm, potential residents often ask whether the prices for housing, daily expenses, and transport truly match the quality of life in the area. With rents rising across the capital, Pimlico remains a unique option for those who seek charm with connectivity. As noted by The WP Times, the neighbourhood continues to attract professionals, families, and international residents who value both location and lifestyle.
Housing costs in Pimlico: renting and buying
Pimlico’s housing market reflects its central location and historical value. The area is dominated by stucco-fronted terraced houses and converted flats, many of which are listed buildings from the 19th century. Renting a one-bedroom apartment here usually costs between £1,800 and £2,500 per month, depending on proximity to the river and tube stations. Families often opt for larger Victorian townhouses, where monthly rents may reach £4,000 or more. For buyers, Pimlico remains relatively affordable compared to neighbouring Belgravia, with average flat prices ranging from £600,000 to £1.2 million. This balance makes the district appealing for young professionals and investors alike. Estate agencies such as Foxtons and Knight Frank highlight Pimlico as an area with stable property values and strong long-term demand.
Average housing prices and rents in Pimlico
| Type of property | Average monthly rent | Average purchase price |
|---|---|---|
| One-bedroom flat | £1,800 – £2,500 | £600,000 – £850,000 |
| Two-bedroom flat | £2,500 – £3,200 | £800,000 – £1.2 million |
| Three-bedroom townhouse | £3,800 – £4,500 | £1.5 – £2.5 million |
| Luxury riverside property | £4,500+ | £3 – £5 million |
Utilities, council tax and household expenses
Beyond rent or mortgage, residents of Pimlico need to budget for utilities and council tax. Electricity, gas, water, and internet in a one-bedroom flat typically add up to £200–£250 per month. Council tax depends on property valuation bands; most Pimlico homes fall under Band G or H, meaning households may pay between £1,500 and £2,500 annually. Grocery costs reflect central London averages, with a weekly basket for two adults at Sainsbury’s or Waitrose costing about £80–£100. Pimlico is also within easy reach of street markets like Tachbrook Street Market, where fresh produce is often cheaper than in supermarkets. The balance of expenses depends largely on lifestyle, but overall, Pimlico’s running costs are considered moderate for Zone 1.
Household essentials overview in Pimlico:
- Council tax Band G: ~£1,710 per year
- Council tax Band H: ~£2,280 per year
- Utilities for one-bedroom flat: ~£220 monthly
- Groceries for a couple: ~£400–£450 monthly
- Internet (high-speed fibre): ~£35 monthly
Transport links and commuting costs
Pimlico is one of the few London districts with its own Underground station on the Victoria Line, providing fast access to Victoria, Oxford Circus, and King’s Cross. Residents also benefit from proximity to major hubs like Victoria Station, where National Rail and coach services connect to the rest of the UK. A monthly Zone 1 Travelcard costs around £156, but many professionals choose pay-as-you-go Oyster or contactless fares, averaging £140–£180 depending on commuting frequency. Cycling has become increasingly popular, with dedicated lanes along the Thames Embankment and Santander Cycles docking stations across Pimlico. While transport costs are not cheap, the central location allows many to walk to Westminster, St. James’s, or even Soho, cutting daily expenses significantly.
Transport options residents rely on:
- Pimlico Tube (Victoria Line, Zone 1)
- Victoria Station (rail, coach, Circle & District lines)
- Bus routes 24, 360, C10 (connect to central and south London)
- Santander Cycles for short urban trips
- Walking distance to Westminster and Tate Britain
Dining, shopping and lifestyle costs
Living in Pimlico means having access to both everyday essentials and upscale experiences. The neighbourhood is home to small independent shops, local cafés, and riverside pubs, as well as high-end restaurants. Dining out for two in a mid-range restaurant typically costs £70–£90, while a pint in a local pub averages £6. Supermarkets like Tesco Express and Waitrose Local cover daily shopping, but many residents enjoy visiting farmers’ markets and delicatessens. Pimlico also borders Chelsea and Belgravia, where luxury shopping raises the bar for lifestyle spending. For fitness enthusiasts, memberships at nearby gyms such as Dolphin Square Fitness start at around £85 per month. Overall, Pimlico offers a flexible range of options to match different budgets, but the upscale setting can encourage higher discretionary spending.
Lifestyle expenses in Pimlico (per month average):
- Gym membership: £85–£120
- Mid-range dining twice per week: ~£600
- Coffee in independent café: £3.50–£4.20
- Pub pint: £6–£6.50
- Fashion & shopping: highly variable, from £200 to £1,000+
Education, family services and child-related costs
For families, Pimlico offers several well-regarded schools, including Pimlico Academy and St. Gabriel’s CofE Primary. Private schools in nearby Chelsea and Westminster, such as Westminster School or Eaton Square, charge fees starting from £20,000 annually. Nurseries in the area cost approximately £1,400–£1,800 per month, depending on hours. Extracurricular activities, from ballet classes to tennis at Battersea Park, add another £100–£200 monthly. For healthcare, Pimlico residents rely on NHS services as well as private clinics, with consultations ranging from £80 to £200 per visit. Although raising a family in Pimlico comes with high costs, many parents see the benefit in the safety, community atmosphere, and cultural proximity of the area.
Estimated child-related monthly costs:
- Nursery fees: £1,500
- School uniform & supplies: £100–£150
- Activities & sports: £120
- Private tutoring (optional): £50 per hour
Is Pimlico worth the cost
Pimlico offers a unique blend of tranquillity and centrality, making it attractive to diverse residents. While not as glamorous as Belgravia, it provides more character than Victoria and more affordability than Chelsea. The strong transport links, safe residential streets, and cultural access to Tate Britain and the River Thames make it a valuable option for professionals and families alike. However, potential residents must weigh the relatively high housing costs against the benefits of living within walking distance of London’s political and cultural heart. For many, Pimlico represents an ideal compromise: elegant, well-connected, and still slightly under the radar compared to its famous neighbours.
Read about the life of Westminster and Pimlico district, London and the world. 24/7 news with fresh and useful updates on culture, business, technology and city life: What are the best cafes and brunch spots in Pimlico you can’t miss this year
Foto: Depositphotos