Gloucester voted in top five places to earn a living
By Andrew Merrell | 11th April 2018
New research has ranked Gloucester in the top five places to earn a living.
The research considers median monthly take-home salary, average monthly mortgage repayment, cost of living, unemployment levels, and job growth to rank 59 locations in order, from best place to earn a living to worst.
South East England towns Crawley, Southampton, Reading, Oxford, and Slough take five spots in the top 10 — first, third, seventh, ninth, and tenth respectively.
But it is Gloucester which took fifth place with the nearest other South West city featured being Swindon, which came in at eighth.
TotallyMoney, the credit scoring business which conducted the research, summed up the Gloucester as follows.
"Remember the corridor scene in 'Harry Potter and the Philosopher's Stone'? Well, it was filmed in Gloucester Cathedral, along with scenes from 'The Chamber of Secrets' and 'The Half Blood Prince'.
"Nearby, the wizards are forgotten in favour of spectacle-wearing mice at The Tailor of Gloucester House which is dedicated to the author Beatrix Potter. As for its economy?
"The city is dominated by the service industry, with the financial and business sectors pulling most weight."
Overall Ranking 5/59
Median monthly take-home salary £526
Average monthly mortgage repayment £981
Cost of living rank 39/59
Employment rate 80 per cent
Business closures (per 10,000 population) 35.41 per cent
Employment and business rank 58/59
East Midlands town Derby takes second position — the only East Midlands town to feature in the top 10.
While London takes the top spot for take-home salary, more expensive house prices and a higher cost of living means it only ranks 39th among the locations overall.
The Full List of Towns and Cities.
6 Milton Keynes
24 Kingston upon Hull
The research, however, shows Brighton as the worst place to make a living in the south east of England. This is largely due to low-level earnings and high mortgage payments.
South East Scores
Worst performing locations
The east of England is shown to be one of the worst locations to make a living, with three towns ranking in the bottom 10.
If your heart is really set on the east of England, Milton Keynes and Luton could be better options if you want to make your pockets bulge, with the towns scoring 6th and 14th respectively.
East England Scores
6 Milton Keynes
Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.