If budgets are tight but you're keen to step on to or up the housing ladder, you'll get most bang for your buck in one of these 10 locations, new research has found.

Copeland, a borough in Cumbria, has been crowned the most affordable place to live in the UK. This is according to new research compiled by online estate agent eMoov which compared the cost of a home in an area to the average annual wage.

Here's the top 10 most affordable places to live in the UK (and the LEAST affordable too, just for good measure).

1. Copeland, Cumbria

Average house price: £114,011

12-month change: +3%

Average annual wage: £37,492

House price to wage ratio: 3 (ie, house price is three times average salary.)

What’s for sale: two-bedroom terraced house in Whitehaven, a town in Copeland, for £99,950.

Terraced house for sale in Whitehaven.

2. Blaenau Gwent, south Wales

Average house price: £79,715

12-month change: +10%

Average annual wage: £19,968

House price to wage ratio: 4

What’s for sale: two-bedroom flat in Ebbw Vale, the largest town in Blaenau Gwent, for £79,680.

Flat for sale in Ebbw Vale.

3. Burnley, Lancashire

Average house price: £75,455

12-month change: +3%

Average annual wage: £18,824

House price to wage ratio: 4

What’s for sale: two-bedroom terraced house for £77,000.

House for sale in Burnley.

4. North Lanarkshire

Average house price: £97,875

12-month change: +2%

Average annual wage: £21,684

House price to wage ratio: 5

What’s for sale: two-bedroom terraced house in Shotts, a small town in North Lanarkshire, for £99,950.

North Lanarkshire property

5. County Durham

Average house price: £96,883

12-month change: -3%

Average annual wage: £21,008

House price to wage ratio: 5

What’s for sale: three-bedroom terraced house in Durham for £100,000. 

Property in Durham.

6. East Ayrshire

Average house price: £91,839

12-month change: +5%

Average annual wage: £19,916

House price to wage ratio: 5

What’s for sale: two-bedroom semi-detached bungalow in Kilmarnock, a town in East Ayrshire, for £100,000.

A bungalow for sale in Kilmarnock.

7. Pendle, Lancashire

Average house price: £92,663

12-month change: +3%

Average annual wage: £19,708

House price to wage ratio: 5

What’s for sale: three-bedroom terraced house in Colne, a town in Pendle, for £98,000.

House for sale in Colne.

8. Merthyr Tydfil, Wales

Average house price: £94,907

12-month change: +1%

Annual wage: £19,968

House price to wage ratio: 5

What’s for sale: three-bedroom terraced house for £86,950.

House for sale in Merthyr Tydfil.

9. Neath Port Talbot

Average house price: £102,046

12-month change: +2%

Annual wage: £21,268

House price to wage ratio: 5

What’s for sale: three-bedroom terraced house in Neath, a town in Neath Port Talbot, for £109,995.

Property for sale in Neath.

10. Stoke-on-Trent, Staffordshire

Average house price: £102,877

12-month change: +7%

Average annual wage: £21,008

House price to wage ratio: 5

What’s for sale: two-bedroom semi-detached house for £100,000.

House for sale in Stoke-on-Trent.

...and the least affordable?

Kensington and Chelsea, west London

Average house price: £1.2m

12-month change: -6%

Average annual wage: £26,624

House price to wage ratio: 46

What’s for sale: two-bedroom flat in Stanhope Gardens, Kensington & Chelsea, for £1.2m.

Flat for sale in Kensington & Chelsea.

Where would you live? Tell us by posting a comment below...

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