Hartlepool. This seaside and port town in County Durham is the cheapest place to buy in England. With its origins in the seventh century and home to one of the largest breweries in the UK, Camerons Brewery, house price growth in Hartlepool was up 5.1% to an average of £110,800 in the year to January 2023.
Winchester is now the UK's least affordable city to buy a home, according to analysis from Halifax. Homes in the Hampshire city are now 14 times annual earnings, the bank found. This is compared to London where homes now set buyers back by more than 11 times average earnings.
The majority of the most affordable spots are in Scotland, with Greenock in Inverclyde taking the top spot. The only location in England to make the 'cheap list' is Newbiggin-by-the-Sea in Northumberland. Meanwhile, the list of expensive seaside towns is dominated by the South West, with seven entrants.
Of all the areas in the country that are primarily rural, County Durham is the cheapest to move to. Here the average property price is just £122,818. Located in the North East, County Durham is an area of great historical significance.
What is the most affordable city in New England? Based strictly on price-to-income ratio, Torrington, Connecticut is the cheapest place to buy a home in New England. With a PTI ratio of just 2.5, residents can comfortably afford to buy a house on the local median household income of $60,662.
Detroit is one of the most affordable major cities to buy a home, with a median price of $270,000 in June 2023 for the Detroit-Warren-Dearborn metro area. When comparing smaller towns, Selma, Alabama has one of the lowest median prices at $79,975.
The average cost of living in Scotland per month is around £1,500, which is 1.26 times less expensive than the average in the UK. Scotland was rated as the finest place to live in and the eighth most expensive state in the UK.
According to real estate website Zoopla, nowhere in the UK have house prices fallen the most over the past year than Aberdeen. Their May House Price Index shows property in the North Sea petroleum hub is now 2.2 percent cheaper than it was in May 2022 – equivalent to a drop of £3,110.
St Ives named Britain's happiest place to live in 2022.
Edinburgh comes out on top as having the best overall quality of life, averaging the highest score among all metrics.
According to a report by Numbeo in 2021, the cost of living index in the UK is 7.73% lower than that of the US. This is due to a number of factors, such as lower healthcare costs, lower transportation costs, and lower overall living expenses.
Updated on 28 June, 2023
However, the cost of living in the UK can be higher than in most other countries in the world. The average cost of living as a family of four is around $3,135(£2,268) without house rent. As a single person or student, the estimated cost of living per month in the UK is $900(£651) without rent.
Is It Cheaper To Live In Wales Than In England? The cost of living in Wales is around 15% lower than in the rest of the UK. Therefore, living in Wales is cheaper than living in England.
1. London – Score 87.92. London, the capital, is renowned for being one of the world's most famous and known as the best place to live in the UK. This city has diverse communities, and vibrant scenes, and covers a huge area making it the largest city in the UK.
Reduced Cost of Living in the Country
Rural areas typically provide cheaper amenities, shops, and evening outings. For example, most leading supermarket chains offer lower prices in more rural settings. However, depending on the area, you may find these savings offset by rising utility costs.
As of 2021, Waterloo Walk in Sunderland was reported as England's cheapest road.