Whether it comes in the form of rent or mortgage repayments, the money we spend on putting a roof over our head is normally the biggest expense for the average UK resident. The following table is a collation of findings from the ONS UK household expenditure report, showing how much each age group spends every month without housing costs.Īverage monthly expenditure (less housing) The UK is ranked the 19 th most expensive country to live in out of 110 globally – Cheaper than Australia and New Zealand, but more expensive than the USA and Canada.We then added the average housing costs from a separate ONS report) ( How is this calculated? We took the ONS average monthly cost figure, but deducted housing costs because they did not include mortgage repayments. The average cost of living for a household in the UK including housing is £3, 073 per month in 2022. The average single key worker is left with a debt of £48.04 after paying their essential bills each month.Winchester is the most expensive city to live, and Derry is the most affordable.The average family spend 93% of their combined income on living expenses and are left with £223.04 of disposable income every month.London has the highest average monthly rent costs at £1,425 – almost double the UK average.The average cost of renting a home in the UK is £755 per month.The average living cost for a single person in the UK is £2,005 per month.The average cost of living for a household in the UK is £3, 073 per month in 2022.
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