Why London has been ranked among the worst value for money areas in the UK

The Telegraph's ranking of the UK's housing affordability highlights London as one of the worst areas for value for money. Despite higher-than-average salaries in the capital, the costs associated with housing, energy, and commuting make it difficult for residents to maintain financial well-being. The analysis reveals that regions like Barrow-in-Furness offer better value. Interestingly, Penzance in Cornwall has been identified as the poorest performer in terms of affordability, showcasing the diverse financial landscapes across the UK.

"While these areas typically offer higher wages, you are not necessarily better off once rent, bills and expenses are taken into account."

"Centre for Cities' recent Cities Outlook revealed that Londoners are paid 33pc higher than the national average salary."

"Although not surprising that London is at the bottom, it might be surprising that Penzance in Cornwall was named the worst value for money."

Read at www.newsshopper.co.uk