Peterborough ‘10th best place in UK to make a living’

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Peterborough is the 10th best place to make a living in the UK, according to new research.

The list was compiled by credit card comparison site ‘Totally Money’ which used indicators including average mortgage price, median wages, the cost of living and the health of the job market.

Blackburn comes top of the list of 64, ahead of Derby and Cambridge.

London is 26th while Gloucester is the worst place on the list.

According to the research, the median monthly salary in Peterborough is £1,770 and the average monthly mortgage repayment is £583.

Peterborough is ranked 22nd out of 64 for cost of living but is ranked 19th for job market health.

Property expert Kate Faulkner said: “We regularly hear about the issues of ‘affordability’ that the younger generation are facing.

“What this analysis clearly shows is that it is still possible to strike a balance between work and play and there are towns and cities you can live in with successful economies where homes and a good standard of living are still affordable.

“So if you want to achieve a great work-life balance, it is worth researching the areas identified.”

Alastair Douglas, TotallyMoney.com CEO, said: ”Far too often, only house prices are taken into account when trying to identify the best place to live. And this can produce some very misleading results.

“When we take into consideration job prospects and the cost of living as well as property prices we start to see a very different picture - some of the UK’s less frequently celebrated places start to look much more attractive.”

For the full list, see http://www.totallymoney.com/best-places-in-the-uk-to-make-a-living/.