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South East England Best UK Regio...
South East England Best UK Region to Make Living as Towns Take Five Top-10 Spots, With Crawley Number One
New research by TotallyMoney shows South East England to be the best place in the UK to earn a living. The research considers median monthly take-home salary, average monthly mortgage repayment, cost of living, unemployment levels, and job growth to rank 59 locations in order, from best place to earn a living to worst. South East England towns Crawley, Southampton, Reading, Oxford, and Slough take five spots in the top 10 — first, third, seventh, ninth, and tenth respectively. The research shows that Crawley workers’ salaries are similar to London workers. However, mortgage repayments and living expenses are much lower in Crawley, contributing heavily to its top ranking. East Midlands town Derby takes second position — the only East Midlands town to feature in the top 10. South West England also fares well, with Gloucester and Swindon taking fifth and eighth place. While London takes the top spot for take-home salary, more expensive house prices and a higher cost of living means it only ranks 39th among the locations overall.
Position
Town
1
Crawley
2
Derby
3
Southampton
4
Edinburgh
5
Gloucester
6
Milton Keynes
7
Reading
8
Swindon
9
Oxford
10
Slough
11
Leeds
12
York
13
Bristol
14
Luton
15
Wakefield
16
Warrington
17
Burnley
18
Glasgow
19
Telford
20
Preston
21
Newport
22
Blackpool
23
Mansfield
24
Kingston upon Hull
25
Dundee
26
Portsmouth
27
Peterborough
28
Stoke
29
Bournemouth
30
Newcastle
31
Cardiff
32
Aldershot
33
Northampton
34
Sunderland
35
Ipswich
The worst place to make a living… The east of England, on the other hand, surfaces as one of the worst places to earn a living in the UK, with three towns ranking in the bottom 10. Norwich, Basildon, and Southend take positions 51, 55, and 59 respectively. All three towns have some of the lowest salaries, with high monthly mortgage costs doing little to balance this out. TotallyMoney Head of Brand & Content, Joe Gardiner, said: “While many are drawn to bigger cities, such as London and Birmingham, in the hope of earning a decent living, our research shows they may not be the best overall option due to higher-than-average living costs. “We hope our research will prompt people to consider a wider range of areas when thinking about changing careers or moving home.”
Position
Town
36
Sheffield
37
Middlesbrough
38
London
39
Worthing
40
Chatham
41
Liverpool
42
Manchester
43
Coventry
44
Aberdeen
45
Birmingham
46
Nottingham
47
Bradford
48
Wigan
49
Cambridge
50
Norwich
51
Exeter
52
Leicester
53
Doncaster
54
Basildon
55
Huddersfield
56
Birkenhead
57
Brighton
58
Southend
59
Swansea
About TotallyMoney TotallyMoney provides customers with a Free Credit Report and Live Score that puts them in control of their credit data, and helps them make smarter borrowing decisions. TotallyMoney’s unique Borrowing Power algorithm shows customers how likely they are to be offered credit by real-world lenders. TotallyMoney was named Best Credit Report Provider at the 2018 Moneynet Personal Finance Awards. TotallyMoney won the Innovation in Customer Contact award at the 2017 Credit Awards for their intelligent email alerts service. These personalised monthly emails tell users about products that could help them, based on their credit eligibility. TotallyMoney is an independent credit broker, not a lender. It provides a free comparison service to customers, though they may be paid a fee by lenders. How much they get paid doesn't influence how the service works or the ranking of any credit products presented to customers.
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About TotallyMoney
With a focus on the one in three UK adults financially under-served by the financial services industry, TotallyMoney is the credit app on a mission to help everyone move their finances forward.
TotallyMoney believes people’s financial data should work for them, and not against them and with more than four million customers, they provide the UK’s only free, live credit score and report.
Its service helps customers understand their financial position and provides personalised recommendations so they can start creating financial momentum. TotallyMoney also works closely with leading lenders, to ensure eligible customers are matched with the right products, underpinned by its robust data, product and tech capabilities.
TotallyMoney is regulated by the Financial Conduct Authority (FCA).