I'm lucky with my house price. I was paying $1200 a month (just rent) for a 3 bed 2 bath 1500sq ft house in phoenix, az.
The $12 is the price hike is from yall having a higher cost of living not taxes. The OP said it was $62 compared to $40 here. The other $10 is probably taxes, greed, regulations etc...
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The price you were paying is still less, hell it's an amazingly good price when you convert. In the south your looking at animism of £800 for 2bed 1bathroom My point is that to compare on a such simplistic level without taking in other economic factors is just daft. Even looking at price of milk, price of bread etc. you need to understand other factors like tax etc.
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I understand them. It's just long winded to explain all that to people on here. Just looked up. London cost of living is 8% higher than New York and 63% higher than Denver (closest big city to me)