Living in this area could save you £124 per week - YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Sign in Welcome!Log into your account Forgot your password? Password recovery Recover your password Search Sign in Welcome! Log into your account Forgot your password? Get help Password recovery Recover your password A password will be e-mailed to you. YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Home Life Living in this area could save you £124 per week By You Magazine - November 15, 2018 It’s no secret that life for those residing in the south east – particularly in London – can be more costly than most. But new research from life insurance providers Beagle Street has revealed the truly eye-watering cost of living in the most expensive areas of the country, as well as highlighting the most affordable places to live in the UK. The company compared the cost of living, including housing, transportation, utilities and food in each region, and then subtracted this from the full-time gross weekly earnings of those in the area, to see how, on average, much residents had left to spend. In doing so, they highlighted that the north east was the most-cost effective place to choose a home, while the south east was – rather predictably – the priciest. Those in the former come away with £67 in their pockets each week, while the latter are living with a deficit of £57.30 – that’s a difference of £124 per week between the highest and lowest figures. Getty Images However, in a somewhat more surprising turn of events, those in London were third-best off, with £48.80 to spend on non-necessities each week – although this may reflect the skew to higher salaries in the capital. The most affordable places to live in the UK 1. North-East: £67 2. Scotland: £55 3. London: £48.8 4. West Midlands: £42.7 5. Wales: £39.7 6. North-West: £21.6 7. Yorkshire and the Humber: £12.8 8. Northern Ireland: £4.1 9. East: £-12.6 10. South-West: £-15.5 11. East Midlands: £-31.4 12. South-East: £-57.3 Getty Images While we’re not suggesting you uproot your entire life to live somewhere cheaper, the survey does demonstrate the dramatic difference living in a certain area can have on your financial situation – to the tune of £268 per month if you’re located up north. However, Beagle Street also found that, despite the squeeze on their weekly budgets, those in the south east were the best savers, putting away an average of £29.50 into life assurance plans and £8.90 into pensions or savings. The north east, by contrast, had the lowest figures – so despite the extra cash flow, their money might not be being spent as wisely! Discover the full cost of living in your area at beaglestreet.com. RELATED ARTICLESMORE FROM AUTHOR Everything we know about The Crown season 5 Aldi s exercise equipment is on sale with up to 50% off The best Halloween events for 2022 across the UK Popular in Life The You magazine team reveal their New Year s resolutions December 31, 2021 Susannah Taylor The TLC tools your body will love January 23, 2022 How to stop living in fear February 6, 2022 Susannah Taylor My pick of the fittest leggings February 27, 2022 Women’ s Prize for Fiction 2022 winner announced June 17, 2022 These BBC dramas are returning for a second series June 30, 2022 Susannah Taylor gives the lowdown on nature s little helper – CBD April 17, 2022 The baby names that are banned across the world April 27, 2022 The Queen has released her own emojis May 26, 2022 Sally Brompton horoscopes 27th June-3rd July 2022 June 26, 2022 Popular CategoriesFood2704Life2496Fashion2240Beauty1738Celebrity1261Interiors684 Sign up for YOUMail Thanks for subscribing Please check your email to confirm (If you don't see the email, check the spam box) Fashion Beauty Celebrity Life Food Privacy & Cookies T&C Copyright 2022 - YOU Magazine. All Rights Reserved