By Top 5 Cheapest places to live in UK
Finding an affordable place to live can be a daunting task, especially in the UK where living costs can be high. However, there are many options for those looking to save money and live in a budget-friendly area. In this article, we will explore the top cheapest places to live in the UK. We will discuss the factors to consider when looking for affordable places to live, including housing costs, living expenses, transportation costs, and job market. By the end of this article, you will have a better understanding of the most affordable places to live in the UK and be better equipped to make an informed decision about where to settle down.
With the UK housing market gradually returning to normalcy, many individuals are considering changing their living arrangements, but deciding when or if to move during the pandemic is a challenging task. One of the primary factors that prevent people from relocating is the cost. Housing prices in the UK have been on a steady incline for several years, making it challenging to find a suitable residence that fits within one’s financial means.
- These are areas in the United Kingdom where the cost of living is relatively low compared to other regions in the country.
- They are characterized by affordable housing costs, including rents and property prices.
- These areas also typically have lower living expenses, including food, utilities, and other daily necessities.
- Cheapest places to live in the UK may also have lower transportation costs, including lower public transportation fares and fuel costs.
- Job markets in these areas may not offer the highest salaries, but they often provide ample employment opportunities for residents.
Finding an affordable place to live is crucial for many individuals and families for several reasons:
- Financial stability: Housing costs can be a significant portion of a person’s income, and finding an affordable place to live can help individuals and families achieve greater financial stability and reduce the risk of financial hardship.
- Better quality of life: Living in an affordable area can improve one’s quality of life by providing access to basic necessities such as food, healthcare, and education, without stretching their finances too thin.
- More disposable income: When people live in affordable areas, they can free up more money to use towards other important aspects of their lives, such as savings, retirement planning, or leisure activities.
- Reduced stress: Financial stress can be a major source of anxiety and stress for many people. Finding an affordable place to live can reduce this stress and improve overall well-being.
- Flexibility: Living in an affordable area can provide individuals and families with more flexibility in terms of career choices, as they may not be as reliant on high-paying jobs in expensive areas to maintain their standard of living.
In summary, finding affordable places to live can have a significant impact on one’s financial and emotional well-being, and is an important consideration when deciding where to settle down.
Factors to consider when looking for affordable places to live
- Housing Costs: The cost of housing is a significant factor in determining the affordability of a place to live. This includes both renting and buying options, and can vary significantly by region. It’s important to consider the average rental or property prices in the area and compare them to your budget to determine whether it’s an affordable option.
- Living Expenses: In addition to housing costs, it’s essential to consider the cost of other basic necessities like food, utilities, and healthcare. These costs can also vary significantly depending on the region and can have a significant impact on the affordability of a place to live.
- Transportation Costs: Transportation costs, including the cost of fuel, public transportation fares, and parking fees, can also vary widely depending on where you live. It’s important to consider the availability and cost of transportation options when evaluating the affordability of a place to live.
- Job Market: Finally, the job market in a particular area can also impact its affordability. Areas with a robust job market and higher salaries may have higher housing and living costs, but can also provide more opportunities for career growth and financial stability.
By considering these factors, individuals and families can make informed decisions about where to live and find the most affordable options that best meet their needs.
In this article, we will highlight the 15 cheapest places to live in the UK. Our evaluation will focus on the average cost of living and the affordable housing prices in each location. So if you’re searching for the cheapest places to reside in the UK, you’ve come to the right place! Let’s begin our exploration of the most budget-friendly places to live in the UK.
Price to Earnings’ ratio (PE)
The cost of living in a particular area depends not only on its ongoing expenses but also on the initial cost of housing. To determine whether a home is affordable based on one’s earnings, the Price to Earnings (PE) ratio is used. The PE ratio calculates the average cost of property in an area in relation to the annual earnings of its residents. A lower PE ratio indicates greater affordability, as it signifies that properties cost less in relation to residents’ annual income. This ratio provides a more accurate understanding of the situation rather than relying solely on large headline figures.
The Most Inexpensive Cities to Live in the UK for Students and Families
1. Durham, North East England
Durham is situated in the northeast region of England, situated south of Newcastle upon Tyne. The city is named after the River Wear, which flows around the iconic Durham Cathedral and Norman Castle. Adjacent to the castle is Crook Hall, a historic 13th-century structure featuring exquisite gardens and a maze for visitors to explore. Across the river, Durham University provides breathtaking views of woodlands and tropical flora in their Botanic Garden. Additionally, visitors can indulge in the cultural heritage of Asia, Egypt, and the Middle East at their Oriental Museum, which houses an extensive collection of artefacts.
Cost of Living:
Durham is one of the most affordable and cheapest places to live in the UK, particularly for students. The city is home to many excellent universities and law schools, with living expenses being very reasonable. The average monthly rent for a one-bedroom apartment in County Durham is £650, which is among the most affordable in the country. Additionally, basic utilities cost around £235 per month, and a monthly travel pass is available for just £55, making Durham an attractive option for those seeking budget-friendly living arrangements.
Average House Price:
According to recent data from a government department, the average property price in County Durham rose to £130,413 in August 2022, up from £126,808 in July. This represents a 2.8% increase in just one month.
2. Belfast, Capital of Northern Ireland
Belfast is not only a culturally significant city but also one of the cheapest places to live in the UK. Despite being a capital city, Belfast has a relatively low cost of living, making it an attractive location for students and professionals alike. The average monthly rent for a one-bedroom apartment in the city centre is around £630, while outside the city, it drops to £500. Additionally, the cost of basic utilities is approximately £127 per month.
Cost of Living:
Belfast, located in Northern Ireland, is considered one of the cheapest places to live in the UK due to its affordable cost of living. The average monthly rent for a one-bedroom apartment within the city is around £495, while outside the city, it is around £325. Basic utilities cost an estimated £120 per month, and the monthly travel pass is reasonably priced at £50. This makes Belfast an attractive location for students and professionals looking to save on their living expenses.
Average House Price:
According to recent data, the average price of a property in Belfast is currently around £235,560. This figure represents a 1.7% decrease from the previous year, though prices are still up by 4.1% compared to two years ago. These fluctuations in property prices may impact individuals looking to buy or sell a home in Belfast.
3. Leicester
Leicester is a city that offers an excellent balance of history, culture, and affordability, making it a desirable location for visitors and residents alike. With a variety of top-rated attractions, dining options, and nightlife venues, there’s always something to do in Leicester. Moreover, Leicester is considered one of the cheapest places to live in the UK, with affordable housing options and a lower cost of living compared to other major cities. If you’re on a budget but still want to experience all that a vibrant urban environment has to offer, Leicester is a destination you shouldn’t miss.
Cost of Living:
Living in Leicester, one of the cheapest places to live in the UK, is quite affordable. The average monthly expenses for a single person, excluding rent and course fees, is around £600. The average monthly rent for a one-bedroom flat is £475, while the cost of basic utilities amounts to approximately £100. A monthly travel pass costs £50.
Average House Price:
Leicester’s real estate market has experienced steady growth in recent years, with the average property price increasing by 5.2% to reach £216,946.
4. Stirling
Stirling, located in central Scotland, is a vibrant city and one of the cheapest places to live in the UK. Situated 26 miles northeast of Glasgow and 37 miles northwest of Edinburgh, Stirling offers all the amenities of a modern metropolis with a welcoming community feel. It was even named the UK’s most affordable city in 2021 by Halifax and recognized as one of the happiest cities in the UK according to the Rightmove Happy at Home Index 2021.
Cost of Living:
The cost of living in Stirling is relatively affordable, making it one of the cheapest places to live in the UK. On average, a single person in Stirling spends around £700 per month, not including rent and course fees. For a one-bedroom flat, the average rent is £495, while utilities cost approximately £105 per month. A monthly travel pass costs £50. As for the current average house price in Stirling, it is not specified in the given statement.
Average House Price:
Over the past year, the average property price in Stirling has been recorded at £208,810.
5. Lancaster
Lancaster, England is a city rich in history, offering plenty of opportunities for exploration. Lancaster Castle features ancient furniture and 19th-century prison cells, providing excellent views of the River Lune. The city museum, housed in a grand Georgian building, showcases fascinating information about Lancaster’s army regiment.
Caerphilly, a large town in South Wales, is located in the Caerphilly County Borough, making it the largest town in the area.
Cost of Living:
Looking for an affordable place to live in the UK? Lancaster is a great option. The average monthly rent in Lancaster is around £567, and outside of the city, it’s only £440. Utility bills cost around £172 on average.
Moreover, local transportation in Lancaster is also reasonably priced, with a monthly pass costing only £80 for travel throughout the entire city.
Lancaster is an excellent choice for students seeking affordable housing options. Additionally, there are plenty of local restaurants and markets in the town that won’t burn a hole in your pocket.
Average House Price:
Over the last year, the average property price in Lancaster was £194,853. The majority of property sales were for terraced houses.
6. Cardiff
Cardiff, located in Wales, is not only the capital but also the largest city in the country. The city covers an area of around 32 square miles and has a population of over 290,000 people, making it the eleventh most populous municipality in the United Kingdom.
Cost of Living:
Cardiff is an affordable place to live in the UK, with a one-bedroom apartment averaging £663 within the city and £504 outside. The average monthly utilities bill is around £202. The cost of sports, entertainment, and transportation is also relatively low. For instance, a monthly pass for traveling within the city costs only £53.
Aberdare Hall and The Great Hall in Cardiff are popular among students as many lectures, freshers’ fairs, and exhibitions take place there. Besides, Cardiff High Street is a famous shopping destination that is considered safe by both tourists and UK residents.
Average House Price:
From October 2021 to September 2022, the average property prices for each postcode sector were recorded. The most affordable area was ‘CF43 3,’ with an average cost of £82.3k, while the most expensive location was ‘CF64 3,’ which had an average cost of £559,000.
7. Newcastle
Newcastle upon Tyne is a university city situated in the North East of England, close to the River Tyne. While it was once famous for shipbuilding and manufacturing during the Industrial Revolution, it has now evolved into a hub of business, arts, and sciences. One of the iconic landmarks of the city is the Gateshead Millennium Bridge, which links the two cities and is renowned for its tilting aperture over the Tyne River.
Cost of living:
Newcastle is an affordable place to live with excellent healthcare facilities. On average, a one-bedroom apartment costs £650 in the city and £474 outside it. The average monthly utilities bill is around £130. You can also find reasonably priced restaurants, entertainment venues, and gyms in the area.
Average House Price:
The average property price in Newcastle Upon Tyne was £202,247 last year. Terraced houses were the most commonly sold property type, with an average selling price of £176,840. Semi-detached homes had an average selling price of £197,176, whereas flats were sold at an average price of £122,983.
8. Coventry
Coventry is a stunning city located in central England and is home to several notable landmarks. One of the most prominent ones is the majestic Coventry Cathedral, which unfortunately was left in ruins after being bombed during WWII. However, a 20th-century replacement now stands beside it and features abstract stained glass.
The Herbert Art Gallery & Museum is another popular attraction, which boasts an impressive collection of paintings of local heroine Lady Godiva. Visitors may also catch a glimpse of the statue erected in her honor if they are fortunate enough to visit.
Cost of Living:
Coventry offers affordable rental prices for one-bedroom apartments, with an average cost of £655 per month within the city and £530 per month outside of it. The basic utility bill comes to around £181 per month. Additionally, local markets offer affordable prices, and transportation costs are reasonable, with a monthly travel pass priced at approximately £51 for travel within the city. Students can find secure and inexpensive accommodation at the Priory Hall dormitory.
Average House Price:
Last year, the average property price in Coventry was recorded at £237,130.
9. Warwick
Warwick, a scenic town, is a popular choice for families and commuters looking to get away from the hustle and bustle of the city. Despite experiencing many changes over the years, including revolutions and a fire, Warwick has managed to maintain its original allure. The town boasts an array of stunning Victorian and Georgian homes, and a few grand estates situated along Emscote Road leading to Leamington.
Cost of Living:
Warwick is an affordable city to live in, with relatively lower living costs compared to other cities. The cost of a one-bedroom apartment within the city is about £767, which is cheaper than the average cost of living outside the city, which is around £658. The average monthly utility bill is approximately £134, making it an affordable option for families or individuals.
The city offers reasonably priced sports, leisure, and fitness clubs, adding to the city’s affordability. In addition, groceries and transportation are also reasonably priced. For example, a monthly travel pass within the city costs around £125. Overall, Warwick is known as one of the most cost-effective places to live in the UK.
Average House Price:
On average, the typical home value in Warwick is around £404,374. However, the actual average paid price for homes is comparatively lower, approximately £376,168. If you’re looking for a detached home in Warwick, you can expect to pay an average price of £489,335.
Terraced houses in Warwick have an average cost of £315,556, while apartments are typically priced at £190,903. Warwick’s average property price is higher than the majority of places in the UK, at around £251,000. Property prices in Warwick have risen by 9% in the last 12 months, and in the past 5 years, they’ve increased by 16%.
10. Lincoln
Situated in the English East Midlands, Lincoln is a historic city that is considered one of the most affordable and cheapest places to live in the UK. The Lincoln Cathedral is a popular attraction, featuring a Wren-designed library that houses a vast collection of early printed books. Additionally, Lincoln Castle is another notable landmark that houses a Victorian prison and a copy of the Magna Carta.
Cost of Living:
Compared to other places in the United Kingdom, Lincoln is an affordable city to reside in. Renting a one-bedroom apartment on Foster Street would cost around £616 per month, but the cost drops to £471 if you choose to live outside the city. Essential utilities, on the other hand, are estimated to cost about £135 per month.
Lincoln offers various childcare options at different price points, making it easier for families to find affordable options. The city also boasts a selection of reasonably-priced restaurants, local markets, and clothing stores. Transportation is cost-effective, with the monthly travel pass within the city costing approximately £52.
Average House Price:
Lincolnshire county has an average property price of £212,000 and a median price of £183,000. In the last twelve months, the average property prices have decreased by £2.9k, which is equivalent to a -1% decline.
11. Nottingham
Nottingham is renowned for its affordability and friendly atmosphere, making it one of the cheapest places to live in the UK. The city boasts a remarkable 20 parks and a plethora of nearby attractions. Its schools are also reputed to be of high quality, and the average salary for its residents is £25,334. Nottingham’s housing prices are also notably lower than those of other places in the UK, making it an ideal destination for those looking for affordable living options. On average, living in Nottingham is 35% cheaper than living in London, 10% more expensive than Liverpool, and 9% cheaper than Bristol.
Cost of Living:
Nicknamed as the “Queen of the Midlands,” Nottingham is famous for its affordable cost of living, making it one of the cheapest places to live in the UK. The average cost of renting a 1 BHK apartment is around £610 within the city and £472 outside the city. Additionally, the basic utility bill for a typical household would amount to approximately £156 per month. Nottingham also offers reasonably priced options for fitness clubs, sports, cinemas, and childcare, making it an ideal location for individuals and families looking for an affordable yet comfortable lifestyle.
Lenton, a district in Nottingham, offers a wide range of affordable housing options for students, with many student houses equipped with stairlift facilities for added convenience. Nottingham is also a cost-effective city to navigate, with a monthly travel pass available for as low as £56, making it easy for students and other residents to get around the city without breaking the bank.
Average House Price:
In the Nottingham postcode area, the average property price is £229,000, while the median price stands at £190,000. These property prices make Nottingham a relatively affordable place to live compared to other regions in the UK.
12. Liverpool
Liverpool, situated in Lancashire in the North of England, is a historic city that played a significant role as a trade and migration port from the 18th to early 20th centuries. The city is known as the birthplace of The Beatles and is located approximately three hours away from London by train. One of Liverpool’s most recognizable landmarks is the “Three Graces” set of iconic mercantile buildings situated on Pier Head, including the Royal Liver Building, Cunard Building, and Port of Liverpool Building, which are often admired by ferries cruising along the waterfront.
Cost of Living:
Liverpool is a reasonably priced city to live in the UK. The average cost of a 1-bedroom apartment on Great Newton Street is £655, but if you prefer to live outside the city center, it can cost as low as £490. Utility bills typically average around £158 per month, which is reasonable.
One of the advantages of living in Liverpool is the low cost of transportation. A monthly travel pass costs only £65. For those on a tight budget, there are plenty of options for affordable hotels, fitness centers, and grocery stores in the city.
Average House Price:
Liverpool’s property market has seen a remarkable rise in the last year with prices increasing by an average of 9%. Currently, the average price of a property in Liverpool stands at £194,000.
13. Manchester
Manchester, the second most populous city in the UK, has a rich history of revolution and industry. As the first industrialized city in the world, Manchester was a significant location for the production of cotton and textiles, and it played a vital role in the country’s transportation revolution with the introduction of the first working canal and railway line.
Nowadays, Manchester is known for its vibrant nightlife, large student population, and music and sports scene, making it a desirable place to live. In fact, it was recently ranked as the third best city in the world to live in. The average income in Manchester is around £26,000 per year.
Cost of Living:
Manchester is an affordable city to live in, particularly when compared to other major cities. You can find a 1 bedroom apartment in the city for around £830 per month, while outside the city it drops to £548. The average cost of utilities for a family of 4 is approximately £125 per month.
Getting around Manchester is cost-effective, as a monthly travel pass within the city only costs £70. Manchester City has many schools, including preschools and primary schools, that are easily accessible from different neighborhoods.
Average House Price:
The majority of property sales in Manchester are for semi-detached houses, with an average price of £304,208. Terraced houses are sold at an average price of £226,155, while flats typically cost around £210,174. Over the past year, the selling prices in Manchester remained similar to the previous year, but they were 22% higher than the peak price of £231,863 recorded in 2019.
14. Birmingham
If you’re looking for the cheapest places to live in the UK, Birmingham might be worth considering. The city offers a lower cost of living compared to other major cities in the UK, making it an affordable option for those on a budget. Additionally, Birmingham has a thriving job market and a wide range of educational institutions, which can make it an attractive option for those looking to start a career or pursue higher education without breaking the bank. Other affordable cities in the UK include Liverpool, Glasgow, and Newcastle, all of which offer a lower cost of living compared to London and other major cities in the country.
The city also boasts the Birmingham Museum and Art Gallery, which is home to an impressive collection of pre-Raphaelite masterpieces, making it a must-visit for art lovers.
Birmingham is an ideal location for young people looking to reside and work, as it has the youngest population in Europe, with under-25s accounting for almost 40% of the population. Additionally, with over 400 schools, 15 universities, and three university colleges located within an hour’s drive of Birmingham, there are ample educational opportunities for those looking to pursue higher education.
Cost of Living:
Birmingham offers affordable living with a 1 BHK apartment costing £766 in the city and £580 outside. However, there are some hidden costs that can be quite expensive. For instance, the monthly utility bill comes up to around £142. Other amenities like fitness clubs, cinemas, and pre-paid schools are all located within the city. On the plus side, transportation in Birmingham is relatively cheap with a monthly travel pass available for just £65.
Average House Price:
The Birmingham housing market is moderately competitive, with a score of 51 out of 100. The average price of a house in Birmingham was $267K last month, reflecting a 13.6% increase from the previous year. Over the past year, Birmingham’s home values have risen by 5.3%, and Zillow’s predictions indicate a further increase of 4.1% within the coming year.
15. Norwich
Norwich is a delightful and welcoming city that boasts consistently low crime rates. Its vibrant cultural scene is sustained by theatrical performances, three museums, and sporting events, while being named one of the best places to live in 2021 by the Sunday Times. Families are particularly catered for with an abundance of educational options, including 97 primary schools and 23 high schools in Norwich.
Cost of Living:
Norwich, UK offers affordable living with 1 BHK apartments near the city center averaging at £598, while those situated outside the main city cost around £500. Residents can expect to pay an average of £140 for monthly utility bills. Additionally, local markets and grocery stores help keep living costs low.
Transportation costs in Norwich are budget-friendly, with a one-way ticket priced at £2.43 and a monthly travel pass available for £87. Visitors and residents alike can also enjoy the unique attraction of the Reepham Food Festival.
Average House Price:
The average property price in Norwich city is £273k, with a median price of £240k. Over the past 12 months, property prices have increased by 4%, resulting in an average price increase of £9.6k.
Things to consider when looking to move to a new towns and cities in the UK
It’s crucial to determine your budget before you start looking at houses, as this will help you narrow down your search to specific areas. You may discover that there are multiple areas offering homes within your price range, or you may find that none of the areas you initially considered are affordable.
It’s important to keep in mind that even if a property is advertised as being affordable, it may not be located in the best area for you and your family. Consider factors such as nearby schools, public transportation, and other amenities when making your decision.
If you’re searching for a property in a highly sought-after area, it’s crucial to be prepared to act quickly. These properties tend to go under offer very rapidly, which means that you must have your finances in order and be ready to submit an offer as soon as you find a property that you’re interested in.
