Cost of living in United Kingdom is 8.95% lower than in United States (aggregate data for all cities, rent is not taken into account). Compare Cost of Living Index data for cities around the world. So I figured, why not analyse the cost of living in the most popular UK cities to figure out… 1. Don’t forget to let us know your thoughts on our social media channels.There are several factors involved which level the playing field regardless of someone’s wages. This will hopefully grant you with a much more realistic perspective the next time you’re looking at comparative wages elsewhere.This brings things into perspective when compared to the average wages of each city, for instance, the examples below show those cities left with the highest and lowest amount of money after the average annual household spend per region has been taken off their wages…While many are tempted to run to the capital, or any of the UK’s larger cities, for their higher-paying job opportunities, it’s essential to bear in mind the costs associated with bringing in larger wages in more expensive areas.This upwards trend has also been charted by the ONS since 1997 and, as you can see below, both Scotland and Northern Ireland have seen a greater increase in wages than London (as well as England including London), with Wales trailing behind.When looking at wages aside from the cost of living, it can be quite surprising to see how much of a difference it makes to those who live in some of the more expensive areas of the UK – despite their higher earnings.The map below shows the average amount of disposable income by city in the UK:ABC Finance Limited is authorised and regulated by the Financial Conduct Authority Registration No. 'Renters in London have the highest average rental costs out of 17 major UK citiesThis is the highest across 17 of the UK's major cities while the smallest amount, of 11.64 per cent, is paid by renters in Hull.If you had to name the place in the UK where it was most expensive to rent a property and where you would earn the highest monthly salary, London would be a pretty good guess.High costs: Renters in London pay the highest average percentage of their salaries in rent (Clockwise from top left: London, Brighton, Edinburgh, Bristol)Lee Biggins, founder and managing director of CV-Library, comments on the findings: 'Despite the government's efforts to eliminate the North/South divide, it's clear that living costs and wages aren't quite following suit.Londoners fork out 37.08 per cent of their monthly average wages on rental costsThe average monthly take home salary is £2,254.94, according to data from website CV-Library, bringing the percentage spent on rent up to 37.08 per cent.Some links in this article may be affiliate links. If you consider consolidating existing loans or unsecured debt you need to be aware that if you extend the term of the debt you may be increasing the total amount that you repay. Cost of living in London is 186% more expensive than in Cairo; Cost of living in London is 14% cheaper than in New York City; Cost of living in London is 49% more expensive than in Seoul; Cost of living in London is 222% more expensive than in Baku; Cost of living in London is 39…
When looking at wages aside from the cost of living, it can be quite surprising to see how much of a difference it makes to those who live in some of the more expensive areas of the UK – despite their higher earnings. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. Using this tool you can even compare living cost between two cities or two countries. Add data for United Kingdom Are you pleasantly surprised at how well your city ranks? The following rankings, based on the same cities as the table above, show the highest and lowest spenders when it comes to getting groceries.However, this doesn’t necessarily make them better off than you.Find out how your disposable income compares with people across the UK with our easy-to-use calculator tool. These high living costs mean those living in the capital have less money available, after rental costs, than renters living in 16 other UK cities. Your home may be repossessed if you do not keep up the repayments on a mortgage or any debt secured on it. 2.
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