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Where is the Best Place in the UK to Make a Living?
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
The best place to make a living in the UK is Blackburn, according to research that analysed average wages compared to mortgage repayments in different parts of the country.
The study compared median wages to mortgage repayments, the cost of living and the health of the jobs market in each town/city. The calculations focused on working and living in each area, with no consideration for scenery, culture or connections to the rest of the UK.
This has caused many parts of the country popular with those that commute to London, such as Luton and Brighton, to be out of the top 20.
Where is the Best Place in the UK to Make a Living?
Although London is often named the best place to live in the UK, the average mortgage repayment in the capital is higher than the median take-home salary. Additionally, the cost of living in the capital is the greatest in the UK.
Contrastingly, the average mortgage repayment in Blackburn is just 21% of the median take-home salary and the cost of living is significantly lower.
Gloucester is the worst place in the UK to make a living, with an average mortgage repayment of £939 – 52% of the median wage.
The best places to make a living in the UK
|
Position |
Area |
| 1 | Blackburn |
| 2 | Derby |
| 3 | Cambridge |
| 4 | Sunderland |
| 5 | Milton Keynes |
Derby came second in the study, due to its low cost of living and healthy job market.
The worst places to make a living in the UK
|
Position |
Area |
| 1 | Gloucester |
| 2 | Rochdale |
| 3 | Blackpool |
| 4 | Newport |
| 5 | Burnley |
Cambridge has a low cost of living and high jobs growth, compared to the other top university city of Oxford, which ranked at number 19.
London came in in 26th position and the second largest city, Birmingham, was ranked 30th out of 64.
