Liverpool office workers have less cash to spend than in most other cities

One of the UK’s biggest job sites, CV-Library, reveals that white collar workers in Liverpool have relatively low disposable incomes. Tony McDonough reports

Money, business, growth, pound
Money, business, growth, pound

 

White collar workers in Liverpool have lower disposable incomes than in most other UK cities, new figure show.

One of the UK’s biggest job sites, CV-Library, used data from its own files to reveal that white collar workers in Liverpool have an average disposable income each month of £918.31.

This is significantly below the three cities with the highest disposable incomes – Aberdeen, Hull and Edinburgh. In Aberdeen the figure is £1,449.95, in Hull, it is £1,238.58, and in Edinburgh, £1,116.39.

CV-Library compared the same basic living costs against average salaries in 18 of the UK’s key cities, illustrated in this table:

 

City

Average monthly salary

Basic monthly costs

Remaining income

Aberdeen

£2,400.50

£950.55

£1,449.95

Hull

£2,084.20

£845.62

£1,238.58

Edinburgh

£2,303.30

£1,186.91

£1,116.39

Glasgow

£2,073.84

£971.92

£1,101.92

Newcastle

£2,090.16

£1,050.62

£1,039.54

Portsmouth

£2,113.05

£1,088.09

£1,024.96

Leicester

£1,943.80

£936.66

£1,007.14

Southampton

£2,049.65

£1,052.15

£997.50

Exeter

£2,032.34

£1,040.41

£991.93

Leeds

£1,969.60

£1,028.72

£940.88

Cardiff

£1,968.03

£1,029.07

£938.96

Sheffield

£1,882.37

£958.29

£924.08

Liverpool

£1,957.27

£1,038.96

£918.31

Brighton

£2,275.02

£1,363.86

£911.16

Birmingham

£2,009.88

£1,113.66

£896.22

Bristol

£2,140.19

£1,291.10

£849.09

Manchester

£2,002.31

£1,168.77

£833.54

London

£2,348.49

£2,127.33

£221.16

 

Liverpool is actually the seventh least expensive city to rent in, with the average one bed flat costing £655.42 per month, compared to £1,644.94 in London. However, this is still a lot lower than in Hull at £496.67.

The study explored the average cost of purchasing a one-bed flat in each of these UK cities and reveals the percentage of monthly income that would need to be spent on mortgage repayments is highest in London (95.6%), while those in Liverpool would only need to pay 22.6%.

Lee Biggins, founder and chief executive of CV-Library, said: “It’s clear from our findings that the North/South divide still very much remains here in the UK; particularly when it comes to pay and living costs.

“Companies are certainly under pressure to offer fair salaries that reflect the cost of living in their location and that’s why it’s important to factor this in when negotiating on pay with an existing or future employer. Living beyond your means can be extremely stressful so stay in tune with average costs in the town or city that you live and work in.”

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