London vs Oxford
Oxford wins on purchasing power. Oxford software engineers have £361/month more disposable income after rent than their London counterparts.
After paying rent, a software engineer in Oxford retains £361/month more than in London — that's £4,332/year extra in purchasing power.
London vs Oxford: what the £361/month gap means for a software engineer
On paper, London software engineer roles pay £7,000/year more than Oxford. But take-home after tax and National Insurance tells a different story — London workers keep £4,360/month versus £4,021/month in Oxford.
The bigger picture is after rent. Average London rent runs £2,150/month versus £1,450/month in Oxford. Once housing costs are factored in, Oxford workers have £2,571/month disposable income versus £2,210/month in London — that is £4,332/year in real spending power.
Oxford's rent-to-income ratio of 36% compares favourably to London's 49%.
For software engineers prioritising financial freedom, Oxford delivers significantly more disposable income despite lower gross pay.
Cost-of-living equivalence
Based on a cost-of-living index of 100 for London and 85 for Oxford, a salary of £72,000 in London delivers equivalent purchasing power to £61,200 in Oxford.
Income retention after all essentials
% of net monthly pay remaining after rent, transport, council tax and groceries
Everyday costs
Estimated typical prices · scaled from Numbeo 2025
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