Pay vs Place

Where can you afford to live on £45,000?

On £45,000 a year before tax, a typical lender would lend enough for a home costing up to about £225,000, and you could rent up to about £1,312 a month while keeping rent to 35% of income.

Areas you could buy in
78 of 316
where the typical home sold costs £225,000 or less (25%)
Areas you could rent in
221 of 316
where the average rent is £1,312 a month or less (70%)

What the numbers say

Assuming a 10% deposit and borrowing of 4.5 times income, £45,000 meets a lender's test for the typical home sold in 78 of 316 areas (25%). The regions where the most areas fit are North East (12 of 12), Yorkshire and The Humber (12 of 15), Wales (15 of 22). None of the areas in South West, London, South East fit.

For renting, 221 of 316 areas have an average rent within £1,312 a month, which is 70%. Rent is easier to meet than a mortgage test in most places, because it does not need a deposit.

Change the numbers in the calculator to add your deposit, pick a type of home, or filter by region and crime.

Areas where you could buy on £45,000

Typical home price across all property types. Most expensive first.

Area Region Typical home price Average rent a month Recorded crime per 1,000 residents
Amber Valley East Midlands £225,000 £799 68.3
Cannock Chase West Midlands £225,000 £867 72.2
Pembrokeshire Wales £225,000 £694 72.3
Sandwell West Midlands £225,000 £953 95.9
Walsall West Midlands £225,000 £924 92.9
Wolverhampton West Midlands £225,000 £945 92.0
East Riding of Yorkshire Yorkshire and The Humber £224,500 £724 51.4
Bridgend Wales £220,000 £763 70.1
Erewash East Midlands £220,000 £834 74.3
Great Yarmouth East of England £220,000 £841 96.2
South Ribble North West £220,000 £805 56.7
Tameside North West £217,750 £931 96.5
Conwy Wales £215,000 £796 81.9
Derby East Midlands £215,000 £860 111.5
Flintshire Wales £215,000 £811 63.5
Kirklees Yorkshire and The Humber £215,000 £782 87.6
Oldham North West £215,000 £942 106.6
Sheffield Yorkshire and The Humber £215,000 £931 96.9
Bassetlaw East Midlands £214,500 £727 80.0
North Tyneside North East £212,250 £857 81.8
East Lindsey East Midlands £210,150 £704 71.0
Rochdale North West £210,000 £855 104.6
Northumberland North East £207,500 £695 69.3
Bolton North West £205,000 £894 98.0
Denbighshire Wales £205,000 £718 94.7
Newcastle upon Tyne North East £205,000 £1,215 107.4
Wakefield Yorkshire and The Humber £205,000 £806 105.8
Boston East Midlands £202,500 £806 88.4
Newcastle-under-Lyme West Midlands £202,000 £833 70.5
Swansea Wales £202,000 £852 74.2
Carmarthenshire Wales £200,000 £687 66.0
Chesterfield East Midlands £200,000 £758 100.8
Gwynedd Wales £200,000 £724 69.7
Lancaster North West £200,000 £823 72.9
Nottingham East Midlands £200,000 £1,014 124.9
Preston North West £200,000 £790 98.6
Wigan North West £200,000 £746 91.0
Wrexham Wales £200,000 £770 83.1
Mansfield East Midlands £195,750 £790 92.5
Ashfield East Midlands £195,000 £795 79.6
Caerphilly Wales £195,000 £747 85.3
Calderdale Yorkshire and The Humber £195,000 £756 103.4
Knowsley North West £195,000 £858 81.8
Rotherham Yorkshire and The Humber £195,000 £686 93.1
Halton North West £194,500 £749 84.7
Torfaen Wales £193,000 £862 102.5
Wyre North West £193,000 £743 58.4
St. Helens North West £192,500 £807 86.3
Bradford Yorkshire and The Humber £190,000 £745 117.0
Lincoln East Midlands £190,000 £942 116.6
Liverpool North West £190,000 £913 124.1
Rossendale North West £189,000 £811 66.2
Barnsley Yorkshire and The Humber £180,000 £696 95.1
Bolsover East Midlands £180,000 £706 67.9
Doncaster Yorkshire and The Humber £180,000 £694 117.2
Stockton-on-Tees North East £180,000 £735 107.9
North Lincolnshire Yorkshire and The Humber £176,000 £653 77.7
Cumberland North West £175,000 £681 74.3
Darlington North East £168,500 £689 91.0
Blackburn with Darwen North West £167,250 £714 84.2
Neath Port Talbot Wales £165,000 £690 67.3
Redcar and Cleveland North East £165,000 £644 109.0
South Tyneside North East £165,000 £743 96.6
Rhondda Cynon Taf Wales £164,998 £754 76.5
Gateshead North East £162,500 £804 87.8
Middlesbrough North East £160,000 £698 149.9
North East Lincolnshire Yorkshire and The Humber £160,000 £643 115.9
Stoke-on-Trent West Midlands £160,000 £715 111.0
Hartlepool North East £154,000 £558 134.2
Pendle North West £152,000 £670 70.5
Sunderland North East £150,000 £707 93.6
County Durham North East £145,000 £650 91.0
Merthyr Tydfil Wales £145,000 £754 76.5
Hyndburn North West £144,475 £648 96.9
Burnley North West £141,500 £631 107.5
Blackpool North West £140,000 £719 145.8
Blaenau Gwent Wales £140,000 £681 114.5
Kingston upon Hull Yorkshire and The Humber £140,000 £694 121.5
Estimates using the typical price or rent for each whole local authority area, not a particular street or town. Buying assumes a lender willing to lend 4.5 times income and a deposit of at least 10%. Renting assumes rent of up to 35% of gross income. Real lending and rents depend on your circumstances. This is not financial advice.

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