New data from National Statistics has shown that just 16 cities in the UK are affordable to rent in! In both 2019 and 2020, Durham was the most affordable city to rent in! The data was compiled by Openpropertygroup.com, who help people sell their house fast.

Property and financial experts advise that tenants shouldn’t spend more than 30% of their gross income salary on rent to maintain the basic standard of living. If you happen to rent in Durham, you will be, on average, expected to just pay 21% of your salary towards rent!

In 2019, 23% of your salary would be expected to be put towards rent in Durham.

The northern cities continue to top the ‘most affordable’ charts with Hull only requiring you to spend 23% of your salary on rent. Close behind are Stoke-on-Trent, Derby and Carlisle where you’re required to spend only 24% of your salary on rent!

Openpropertygroup.com Managing Director, Jason Harris-Cohen, said:

The North continues to dominate the most affordable cities except for Manchester. I am surprised that Manchester is considered a least affordable city, albeit the city is highly sought after by property buyers and renters, and this would naturally increase rents with supply and demand imbalances

Despite the sales market being challenging, the rental market has remained buoyant and constraint availability, thus keeping rental prices strong.”

Top 13 most affordable cities in the UK

Most affordable – Spending more than 30% of their gross income salary on rent

City

2020 Average Monthly Rental Property Price

2020 Average Gross Annual Salary

2020 ACTUAL % of Monthly Income on Rent

Durham

(2019 Position = 1st)

£492

£27,594

21%

Hull

(2019 Position = 4th)

£438

£25,165

23%

Stoke-on-Trent

(2019 Position = 5th)

£497

£25,185

24%

Derby

(2019 Position = 20th)

£591

£29,895

24%

Carlisle

(2019 Position = 7th)

£488

£24,503

24%

Lancaster

(2019 Position = 3rd)

£574

£27,639

25%

Liverpool

(2019 Position = 2nd)

£557

£26,687

25%

Bradford

(2019 Position = 6th)

£554

£26,086

25%

Sunderland

(2019 Position = 8th)

£516

£24,167

26%

Wakefield

(2019 Position = 13th)

£563

£25,535

26%

Chester

(2019 Position = 9th)

£686

£30,557

27%

Preston

(2019 Position = 10th)

£559

£24,486

27%

Wolverhampton

(2019 Position = 26th)

£578

£24,784

28%

 


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