Combine these fees with the average cost of living in the UK, around £12,000 ($17,850), and the total average costs to study in the UK come up to £24,000 ($35,710) per year.Studying in the capital city, meanwhile, is likely to be significantly more expensive.f you wish to study in London, you should expect to pay £13,521 ($20,200) for the same breakdown of goods and services. The biggest difference in the cost of living in London compared to the rest of England is in rent, which is estimated at an average of £6,340 ($9,480) per year.