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Ripon named among Yorkshire's least affordable cities for homeowners

Tuesday, 9 January 2024 14:00

A new study has found Ripon to be among the least affordable cities in Yorkshire for homeowners, behind only York and Bradford.

Ripon named among Yorkshire's least affordable cities for homeowners A new study has found Ripon to be among the least affordable cities in Yorkshire for homeowners. UK-based data collection experts at SmartSurvey have looked at average monthly earnings, house prices and bills at all of Yorkshire’s cities. And Ripon has been ranked as the third least affordable, after York and Bradford. The median monthly earnings in Ripon stand at £2,205 - the joint highest of all cities in Yorkshire alongside Leeds. However the median home price is £245,000 whilst basic monthly bills are £429.44 - the highest on the list. SmartSurvey has revealed Ripon residents have an average of £2,261.64 in disposable income after bills and mortgage, which is just above Bradford (£2,144.57) and York (£1,805.01). Affordable cities in Yorkshire According to research, people in Wakefield enjoy the best work-life balance of all city dwellers in Yorkshire, with mid-range living expenses. Monthly earnings here average £2,169, which is not far from the highest median in the region among cities. Meanwhile, homes in Wakefield cost around £240,000 and basic bills amount to £326.35 per month. National data On a national level, five cathedral cities top the list of UK cities with the least disposable incomes after paying their basic bills and mortgage rates. Among bigger UK cities, Bath is the least affordable place to own a home in in England; Newport – in Wales; Bangor – in Northern Ireland; and Edinburgh – in Scotland. Newcastle is the number 1 UK city that leaves homeowners with the most disposable income. In Scotland, this is Aberdeen; in Northern Ireland – Lisburn; in Wales – Wrexham. Read more local stories from Your Harrogate here.

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