Generation rent, move to these cities to get the most for your money

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.

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.“Why I’ll probably never own a home, or even be able to afford rent when I’m older” 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:Liverpool – average rent £499, average salary £25,165 Hull – average rent £427, average salary £20,801 Bradford – average rent £530, average salary £24,055 Sunderland – average rent £528, average salary £23,933 Preston – average rent £547, average salary £24,380 Sheffield – average rent £600, average salary £25,330 Coventry –...

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Karie Murphy, Corbyn's chief of staff, moved to Labour HQ after strategy spatsMove follows resignation of policy chief, Andrew Fisher, and botched move to abolish Tom Watson’s role Dickless Labour Is she rubbing Jeremy's nipple? Lucky that only Guardian readers love all this sleazy stuff. Rest of us not bothered at all. Is she an Anti-Semite too?
Source: The Guardian - 🏆 84. / 53 Read more »

Ada Lovelace Day: How her legacy is helping to close the gender pay gapAdaLovelaceDay: This is how her legacy is helping to close the gender pay gap Obsolesence We are told there are 100 different genders. Do you mean the sex pay gap?
Source: StylistMagazine - 🏆 133. / 51 Read more »

This ingenious hotel hack has gone viral, and now Twitter users are sharing their ownThis ingenious hotel hack has gone viral, and now Twitter users are sharing their own MondayMotivation
Source: StylistMagazine - 🏆 133. / 51 Read more »

Two years after California wildfires, survivors poised to lose housing fundsInsurance money to expire while many residents remain without shelter, amid the slow process of rebuilding
Source: The Guardian - 🏆 84. / 53 Read more »

Trump’s enormous re-election campaign dwarfs 2016's ‘underdog’ effortPresident’s team raises more money than any candidate in history at this point in race Usa legalized bribery mentality
Source: The Independent - 🏆 80. / 59 Read more »

The force is definitely with this Star Wars and Le Creuset collaborationErr, take our money now. The force is definitely with this StarWars and Le Creuset collaboration
Source: StylistMagazine - 🏆 133. / 51 Read more »