The cost of living in Ipswich, United Kingdom, is quite affordable compared to other parts of the United Kingdom, especially London. Ipswich offers affordable housing, though the average cost of renting a one-bedroom apartment varies significantly. The cost of groceries, transportation, utilities, and restaurant meals is also comparatively low. However, personal lifestyle and spending habits have a large impact on the cost of living. The lower than average cost of living makes the city a budget-friendly option for residents.