The least expensive places to live in the UK

If you’re keen to step onto the property ladder but have a limited budget, you might want to check out some of these wallet-friendly locations across the UK.

To find out where you can get the most bricks and mortar for your buck, we’ve compared average property prices with average gross annual household earnings in more than 1,000 UK towns. 

Shildon in County Durham tops our list as the UK’s most affordable town based on this price-to-earnings ratio measure.

With the average property price at £59,468 and average annual household earnings standing at £53,446, Shildon’s price-to-earnings ratio is just 1.11.

This image shows the most affordable regions in the UK to buy a property

When analysing the north-south divide across England, all of the top 20 most affordable towns are situated in the north east and north west regions.

In Wales, the most affordable town is Ferndale in Rhondda Cynon Taff, with the average property price costing just 1.4 times the average annual household earnings. 

Take a look below to find out where the most affordable towns are in each region:

This image shows the most affordable town in every UK region to buy a property

Scotland has left its mark on the most affordable towns with half of the top 10 positioned north of the border. Kilbirnie and Cumnock both made it into the top 5, with price-to-earnings ratios of 1.22 and 1.25 respectively.

County Durham is a top runner for affordability, with two towns in the county ranking in the top 20: Shildon at number one and Ferryhill at number seven. 

We’ve also analysed property prices and floorplans to compare how much a square metre of property costs in towns up and down the UK:

This image shows the cheapest UK towns per square metre to buy a property

If you’re interested in buying a home in any of these areas, take a look at what’s on sale in each:

*We analysed average property prices and gross annual household earnings for over 1,000 UK towns. Average household earnings data was sourced from The Annual Survey of Hours and Earnings (ASHE) 2019. Cost-per-square-metre was based on average property price and average property size according to Hometrack UK. Approximately 300 towns with the lowest property stock were excluded from the analysis. All data correct as of 26 February 2021.