Showing Salary Needed To Buy A Flat

While you’d need to make £275,000 a year to buy a detached house in London, earning just £14,000 a year could get you a flat in Blackburn. Explore the map below to discover the salary you need to buy a home in 65 major towns and cities across the UK.

If you’re buying with a partner, the salary you need would be your combined salary.

Most expensive

City £15,000
City £15,000
City £15,000
City £15,000
City £15,000

Most affordable

City £15,000
City £15,000
City £15,000
City £15,000
City £15,000
The salary needed to buy a...
Flat
£
Terraced
£
Semi
£
Detached
£
See how we worked this out
For example, if the average price of a flat is £150,000
Monthly mortgage repayments* would be £750
Monthly council tax would be** £100
Total monthly housing cost would be £850

To keep housing costs affordable, we’ve assumed they should be no more than 33% of your take-home income.

Housing costs of £850 a month would mean you would need to make a minimum of £2,600 a month after tax to keep these costs below 33% of your take-home pay.

To achieve that, your annual salary after tax would need to be at least £41,000, depending on your financial circumstances. This figure does not take into account other financial commitments you may have, for example a student loan.

* Based on 90% mortgage with 4.5% interest rate over 25 years
** Based on council tax Band D
< £200k
£200k - £300k
£300k+
box
See how we worked this out
For example, if the average price of a flat is £150,000
Monthly mortgage repayments* would be £750
Monthly council tax would be** £100
Total monthly housing cost would be £850

To keep housing costs affordable, we’ve assumed they should be no more than 33% of your take-home income.

Housing costs of £850 a month would mean you would need to make £2,600 a month after tax to keep these costs below 33% of your take-home pay.

To achieve that, your annual salary after tax would need to be at least £41,000, depending on your financial circumstances. This figure does not take into account other financial commitments you may have, for example a student loan.

* Based on 90% mortgage with 4.5 interest rate over 25 years
** Based on council tax Band D
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