The salary you need to buy a home across the UK
Explore the map below to discover the salary you need to buy a home in the major towns and cities across the UK.
on a repayment mortgage would be £750
To keep housing costs affordable, we are using an example of a third of your take-home income .
Housing costs of £750 a month would mean you would need to make a minimum take home pay of £2,300 a month after tax to keep these costs below a third of your take-home pay.
To achieve that, your annual salary after tax would need to be at least £28,000, 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 an example 6.5% interest rate over 25 years
House prices were taken from HM Land Registry UK House Price Index: April 2023.
Monthly repayments were calculated based on the 90% mortgage with 6.5% interest rate over 25 years.
Retrieved: July 2023
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