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The Cost of Living Calculator works by calculating your tax, national insurance, and student loan deductions based on you provided details, then deducting the average rent, council tax and utility bills for a range of UK locations. All figures are up to date as of September 2021.

Please note that this is an average comparable figure of your disposable income. Outgoings such as council tax, internet, utilities etc. are based on estimates calculated by your property choice and location and does not include other personal outgoings e.g., mobile phone bills, credit costs, car insurance, etc. The calculations assume payment of average rent, and this may change in line with the housing market.

The Cost of Living Calculator makes the assumptions that:

  • You are employed (self-employed tax works a little differently).
  • You do not receive any tax relief.
  • You receive the standard 2021/22 personal allowance (you do not get an increased
  • personal allowance for being blind, or a reduced personal allowance for earning over
  • £100,000 per year).
  • You are not paying into a pension.
  • You are paying the average rent for the price of a 1-, 2- or 3-bedroom property, based on government figures.
  • Your property is in council tax band A for a 1- or 2-bedroom property, or band B for a
  • 3-bedroom property. This means it was worth less than £40,000 or between £40,001 and £52,000 in 1991, respectively.
  • You are paying the average water bill based on the region average.
  • You are paying the average access charge and pence per kwh of gas for the region and have the same usage as the average small property (1-3 occupants).
  • You are paying the average access charge and pence per kwh of electricity for the region and have the same usage as the average 1-2 occupant or 3-4 occupant property, respectively.
  • You are paying the national average for your monthly broadband bill.
  • Where two salaries are selected, each individual is paying 50% of all expenses.
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