York comes in bottom third of best British cities to make a living

Properties in a York estate agents window. Photograph: YorkMix
25 Aug 2015 @ 9.35 pm
| News

Been struggling to make ends meet recently? It’s no surprise, according to some interesting new statistics.

A league table of the best cities in Britain to make a living puts York in 46th place out of 64.

That places the city in the bottom third. On the Cost Of Living ranking alone, York is put at 61 out of 64 cities.

The figures were calculated by Totally Money.

They compared median wages to mortgage repayments, cost of living and the health of the job markets in each town.

The calculations focused on working and living in each town, with no points awarded for scenery, culture, or connections to the rest of the UK.

The York verdict

Picturesque but not a money maker. Photograph: Totally Money
Picturesque but not a money maker. Photograph: Totally Money

‘York Minster towers over the picturesque city, where tourists totter around the winding streets of the Shambles, kept going by the fudge shops that are found through every other doorway’ – Totally Money

Overall Ranking 46/64
Median monthly take-home salary £1,397
Average monthly mortgage repayment £999
Cost of living rank 61/64
Unemployment 4.3%
Job growth 0%
Job market health rank 37/64

Best and worst

At the top of the table was Blackburn, where average mortgage repayments are just 21% of the median take-home salary and the cost of living is significantly lower.

It was followed by Derby, Cambridge, Sunderland, and Milton Keynes.

According to this analysis, the worst place to make a living in Britain is Gloucester, followed by Rochdale, Blackpool, Newport, and Burnley.

York was two places below Leeds in the table, but above the worst rated Yorkshire city, Hull in 58th place.

Alastair Douglas is CEO of Totally Money, a credit comparison website. He said too often only mortgage payments are taken into account when trying to identify the best place to live.

And this can produce some very misleading results.

When we take into consideration job prospects and the cost of living as well as property prices we start to see a very different picture – some of the UK’s less frequently celebrated places start to look much more attractive.