Cost of Living in Liverpool: Utility Bills & Rent

So, you’ve decided that living in Liverpool is the thing for you. Congratulations, you’ve made a wise choice. Liverpool has a lot to offer in every area, including cultural, historical, job options, and so much more. Is Liverpool expensive to live in?

We get it – researching house prices, rent offers, water rates, etc. and thinking about where exactly to move to can be quite stressful, which is why we’ve created this handy guide.

No matter if you:

• Are a student looking into Liverpool uni accommodation prices;
• Have a family and want to buy the perfect house;
• Happen to be just curious about the living costs in Liverpool

What is the average salary in Liverpool?

It’s no surprise that the average salary in Liverpool is not as high as the one in London, but we need to keep in mind that the overall cost of living there is also a lot lower. In terms of numbers, the average wage is £23,520.

The most popular career paths are the ones in the:

But how much does it cost to live in Liverpool?

Is Liverpool expensive to rent?

Like with any other city in the world, the apartment rents in Liverpool are based on factors like the number of rooms and, most importantly – the location. Of course, there are also cheaper alternatives, like renting a property on the outskirts of the metropolitan. However, if you are contemplating moving to the urban part of Liverpool, don’t forget about the transportation costs.

Now that we’ve covered these basic facts, here is the cost of renting an apartment in Liverpool:

• A single bedroom flat to rent in Liverpool city centre will cost you around £650.
• A single-bedroom flat outside the city will be priced at £480.
• A three-bedroom flat in the centre of Liverpool can be found for £1,000.
• A three-bedroom flat in the outskirts of the city is £700.

The cost of renting a house in Liverpool

The house cost in Liverpool is similar to that of an apartment. But don’t expect to get a three-bedroom house for £1,000 in the centre – a single-bedroom apartment in the city can be the same price as a huge house in the urban area of Liverpool. The things that determine a property’s rent are generally the location and the size. Prices start from £500 and reach up to £2500.

For example, if you have a family or you are looking to start one, you can get a four-bedroom house for £1500 in a good neighbourhood. And if you still haven’t decided on which part of the city you want to be in, you can check out our article about the best places to live in Liverpool.

The cost of living in Liverpool for students

Most university campuses are located in the city centre, which has a good and a bad side, the bad one being that Liverpool uni accommodation prices are higher than in other parts of town. Again, you can always opt to live a bit farther from the centre, like in Kensington, Edge Hill or Toxtext, to save a bit of money.

That being said, don’t forget to add the transport cost to your calculations. If you decide to move somewhere on the city’s outskirts, we advise you to check out Merseytravel In Liverpool to get a student travel pass with a discount. Liverpool has a 15% lower cost of living than Manchester.

House prices in Liverpool

If you have finally settled down and are looking for a home to invest in, buying one in Liverpool right now is a very good idea. The house prices in Liverpool have dropped significantly in the last year, and properties are selling like hotcakes. You probably want an exact number, right? Drum roll, please. The average house price in Liverpool is…  £170,466!

What about the utility bills in Liverpool

The money you will spend on utility bills highly depends on how many people live in the house/flat and their habits. If you love cooking and spend more time around your oven, you’ll have a higher electrical bill, for example. If we are talking in numbers, your basic utility bills that include water, electricity, gas and waste for an 85 sq-m2 property will be around £150.

It is estimated that Liverpool has the lowest residential electricity rate in the nation at 13.53 cents per kWh. The average water rate in Liverpool is around £35 per month for a one-bedroom apartment.

Takeaways

• Living in Liverpool city centre has its benefits, but the rent rates are definitely not one of them.
• If you decide to live in the urban area of Liverpool to save a bit of cash, don’t forget to add the cost of transportation to the whole equation. 
• Living in Liverpool is much cheaper than in London and other big UK cities.

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