With rent prices spiraling out of control, could it be time to move to a city where accommodation is cheaper?
The renting game is no fun. In London, the housing crisis has reached fever pitch, with horror stories of seedy landlords offering rooms in exchange for sex-based agreements and couples forced to live together long after breaking up because they can’t afford their own places. Heck, one Stylist writer has even predicted that due to overpriced housing, she won’t ever be able to buy a house.
We’re aware that all sounds a little depressing, so we’ve got some good news to balance out the bad. According to new research, there are still some places in the UK where rent prices are reasonable, so if you want to get more for your money you might be interested in making the move.
Huff Post reports that the research comes from Open Property Group, using salary data from the Office for National Statistics to analyse the affordability of rent in 49 cities.
As many people will know, rent can feel disproportionately high when it’s taking up a large amount of your monthly wage. This is why the research looks at housing which would amount to 30% or less of the average single person’s wage in a particular place, deeming this as a more acceptable percentage.
The results show that the north of England is home to more cost-effective housing, with most of the cities on the list located in the north. Durham comes out on top, averaging at £493 a month for single person accommodation based on what the average salary is for that city. Next up it’s Liverpool, with a slightly more expensive £499 average rent price which equals 24% of the average salary.
If sky-high rent is getting too much for you, check out the list below for more affordable options in the UK:
Durham – average rent £493, average salary £25,18 (23% of rent)
Liverpool – average rent £499, average salary £25,165 (24% of rent)
Lancaster – average rent £555, average salary £27,394 (24% of rent)
Hull – average rent £427, average salary £20,801 (25% of rent)
Stoke-on-Trent – average rent £481, average salary £23,160 (25% of rent)
Bradford – average rent £530, average salary £24,055 (26% of rent)
Carlisle – average rent £478, average salary £21,942 (26% of rent)
Sunderland – average rent £528, average salary £23,933 (26% of rent)
Chester – average rent £643, average salary £28,880 (27% of rent)
Preston – average rent £547, average salary £24,380 (27% of rent)
Newcastle upon Tyne –average rent £618, average salary £26,703 (27% of rent)
Sheffield – average rent £600, average salary £25,330 (28% of rent)
Salford – average rent £578, average salary £24,719 (28% of rent)
Coventry – average rent £637, average salary £26,410 (29% of rent)
Plymouth – average rent £637, average salary £26,410 (29% of rent)