If you're a first-time buyer looking to get on the property ladder, or a homeowner who is looking to move to a different part of Greater Manchester, it is a good to know how far your money goes
The rising cost of living is making it more difficult for people to afford to buy a house, especially with house prices, rent and mortgage rates still at a high.
Here is how much the average salary is said to be in each Greater Manchester borough, and what percentage of the average house price it represents in the same area, revealing the most to least affordable areas.Over the last year in Wigan, properties have sold for £165,808 on average. The average annual salary in the borough is said to be £33,900, which equates to 20.4 percent of the average house price, meaning you should get more for your money in Wigan.
Manchester In Manchester, the average salary is £40,200 across the borough. With an average house price of £244,745 over the last year, the average salary equates to 16.4 percent of average cost of a home. Bury People in Bury have an average salary of £32,600 a year. This is around 14.6 percent of the average property cost in the borough, which was £223,921 over the last year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man dead after 'falling from height' as police execute warrant at apartmentsGreater Manchester Police attended a property on Hamerton Road, Manchester in connection with a criminal investigation
Read more »
Life in the 'close-knit' Greater Manchester town where house prices are booming'I've lived all over Greater Manchester and as far as a town centre goes, you will not find much better than here'
Read more »
'Huge loss' for Greater Manchester town as Booths set to turn into AsdaIncreased costs have forced the high-end shop out of the town
Read more »
The Greater Manchester town that got £200million taken out of its pocketsAs the council sets the budget for next year, this is what people think of council spending.
Read more »
The battle for high school places in a 'world class' Greater Manchester borough'It's a totally bonkers system'
Read more »
Trafford Park incident: Major incident declared by Greater Manchester PoliceFirefighters, police officers and paramedics are on the scene
Read more »