Formal:
* J'habite à Londres. (I live in London.)
* Je réside à Londres. (I reside in London.)
Informal:
* Je vis à Londres. (I live in London.)
You can also use the verb "demeurer" which means "to dwell" or "to reside" in a more formal way:
* Je demeure à Londres. (I dwell/reside in London.)
Remember that the definite article "le" is not used before London in French.