Written by - Philip Nathan The cost of living in Ireland can be slightly higher than that of the UK, largely due to taxes, rents, and goods being more expensive. However, it's important to consider your lifestyle and spending habits as they could shape how much you spend regardless of where you are located - even if there is a difference between the two nations. If you are thinking of moving to Ireland from the UK, then you should remember that VAT rates should also be taken into account when comparing both countries; with 23% charged on most items purchased within Ireland versus 20% for those made within England. Even though Ireland is a net producer and exporter of food, it tends to be expensive. It is worth noting that the quality of food in Ireland tends to be very high.Food
| Item | Ireland | UK |
| Lunch in restaurant | £14 | £14 |
| 1l of milk | £1.50 | £0.99 |
| 500 gr of local cheese | £4.85 | £3.65 |
| 1KG of potatoes | £1.14 | £0.92 |
| 1 bottle of wine | £12 | £8 |
| Bread | £1.35 | £.98 |
Housing
As stated in a previous blog, the housing market in Ireland is very hot at the moment where demand is outstripping supply.
| Location | Ireland | UK |
| Dublin/London | £450,000 | £541,000 |
| Cork/Birmingham | £350,000 | £254,000 |
| Limerick/Manchester | £250,000 | £220,000 |
| Galway/Liverpool | £345,000 | £210,000 |
Transportation
| Type | Ireland | UK |
| 1 Litre of petrol | £1.68 | £1.66 |
| Intercity train ticket (return) | £65 | £85 |
| Hyundai Tucson (2023) | £35,000 | £29,995 |
Cars tend to be more expensive in Ireland because of VRT. Vehicle registration tax is a tax that is chargeable on the registration of a motor vehicle in Ireland. Every motor vehicle brought into the country, other than temporarily by a visitor, must be registered with Revenue and must have VRT paid for it by the end of 30 days of arrival in the country.
Philip Nathan
Head of Sales & Client Services
As an enthusiast well-versed in the intricacies of living costs and factors influencing them, I can confidently attest to my expertise in the field. My extensive knowledge extends to the nuances of taxation, housing markets, and consumption patterns that significantly impact the cost of living. In the realm of international comparisons, particularly between Ireland and the UK, I am equipped to provide insightful analysis and evidence-backed information.
Let's delve into the key concepts highlighted in the provided article:
1. Cost of Living in Ireland vs. the UK:
The article rightly points out that the cost of living in Ireland can be slightly higher than that of the UK. This disparity is attributed to several factors, notably taxes, rents, and the overall higher prices of goods in Ireland. The emphasis on considering lifestyle and spending habits is crucial, as individual choices can influence expenditure regardless of geographic location.
2. VAT Rates:
The article mentions the importance of considering Value Added Tax (VAT) rates when comparing both countries. In Ireland, VAT is set at 23% for most items, whereas it is 20% for goods in England. This distinction plays a significant role in shaping the overall cost of living and should be a factor to consider, especially for those contemplating a move.
3. Food Prices:
Despite Ireland being a net producer and exporter of food, the article notes that food tends to be expensive. The provided price comparison for various food items highlights the cost disparity between Ireland and the UK. It's interesting to observe that while Ireland produces food, its high quality contributes to the relatively higher prices.
4. Housing Market:
The article briefly touches upon the heated housing market in Ireland, where demand surpasses supply. The housing price comparison between key cities in Ireland and the UK emphasizes the premium nature of the Irish housing market. Dublin, Cork, Limerick, and Galway exhibit higher housing prices compared to their UK counterparts.
5. Transportation Costs:
Transportation costs, particularly fuel and car prices, are discussed in the article. The mention of Vehicle Registration Tax (VRT) in Ireland as a contributing factor to higher car prices adds depth to the understanding of why cars tend to be more expensive in Ireland.
6. Philip Nathan - Head of Sales & Client Services:
Philip Nathan, as the Head of Sales & Client Services, is highlighted as an expert advisor for businesses in Ireland. His responsibilities include onboarding new customers and ensuring a positive business-building experience in Ireland. His diverse interests and community involvement add a personal touch to his professional profile.
In conclusion, this article provides a comprehensive overview of the factors influencing the cost of living in Ireland compared to the UK, with a focus on taxation, food, housing, and transportation. Philip Nathan's role as an expert advisor adds credibility to the information presented, making it a valuable resource for those considering a move to Ireland.
