Research by UK Debt Expert reveals that over 8 million individuals in the UK living alone could incur a financial burden known as the 'singles tax', which costs them over £10,000 more annually compared to those in shared living situations. This includes essential living expenses such as rent and utilities, along with lifestyle costs like groceries, insurance, and pet ownership. London has the highest average single tax of £20,565, while Hartlepool remains the most affordable location at £7,639. The increasing financial strain highlights the challenges faced by single individuals amidst rising living costs and inflation.
Living alone offers independence, but it comes at a high price. From housing to everyday expenses, single people are often penalised simply for managing on their own.
On average, single people can expect to pay over £10,000 more per year than those in shared households, due to covering all living costs alone.
Residents living alone in London face the highest single tax, with the average cost of living rising to £20,565 per year.
Hartlepool ranks as the most affordable place to live alone, with a singles tax of £7,639, including rent and lifestyle costs - a striking 90% lower than in the capital.
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