Single-income households really feel the pinch in certain parts of the region
The cost of renting a home is on the rise across Greater Manchester, with single-income households feeling the affects the most. The average cost of renting a home in Manchester has risen by £129 a month over the last year, with typical rents now standing at £1,266 a month.
Things are a little better for those with a one-bed property, with their average rent working out as 34 percent of the average full-time salary, while a two-bed takes up 42 percent. How much of your income goes on rent depends very much on where you live. The average home in Manchester costs 7.7-times the local average full-time salary. In Trafford, however, the average home costs 9.8-times the average local salary.
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