Liverpool one of the cheapest UK cities to live and work, new data shows

Study by job site, CV-Library, reveals that while people living in Liverpool pay on average just under 30% of their monthly take-home pay, in London that percentage soars to almost 75%. Tony McDonough reports

home, apartment
Calculation was based on Rightmove data on the average price for a two-bed home

 

A new study confirms Liverpool is one of the most cost-effective cities to in which to live and work in the UK.

The survey by independent job site, CV-Library, reveals that while people living in Liverpool pay on average just under 30% of their monthly take-home pay, in London that percentage soars to almost 75%. Even Manchester’s figure is significantly higher at more than 37%

Using data from Rightmove, CV-Library compared the average rent for a two-bedroom home in 14 UK cities with average salaries of jobs in its own database to calculate the percentages.

Only Aberdeen, at 29.21% and Hull, at 23.27%, offered lower cost of living than Liverpool. London, unsurprisingly, was top. The full table is shown here:

rents, salaries
Table compiled using rental data from Rightmove and salary levels from CV-Library

 

Lee Biggins, founder and managing director of CV-Library, said: “Despite the Government’s efforts to eliminate the North/South divide, it’s clear that living costs and wages aren’t quite following suit.

“Generation rent is well and truly in full swing, and while some cities offer manageable living costs and generous pay packets, others could be pushing workers to breaking point.”

The findings do not factor in additional costs on top of rent, such as council tax, electricity, water and gas bills, not to mention other monthly outgoings including mobile phone and internet contracts, pension, transport and insurance.

You might also like More from author

Leave A Reply

Your email address will not be published.