Brighton is the worst UK city for single parents to live, new study reveals

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Brighton has been named as one of the most expensive locations to raise a child, with working single parents likely to be in a deficit of £ 963 after childcare and mortgage costs, a new study has revealed.

The study, by personal insolvency provider Creditfix, analysed four key data points across the 100 most populated UK towns and cities – including average monthly salary, the cost of child care, average house price, and average rent – to reveal the locations where parents are left with the most and least disposable income.

As the cost of living soars, the Cost of Being a Parent’ calculator uses data from the study for parents to estimate how much disposable income they’re likely to have left, depending on their income and expenses.

Single parents with a mortgage in Brighton came 1st for being one of the most expensive cities with parents forced to spend £963 before bills, food, clothing and socialising. Using ONS estimated mortgage figures for a terraced property in each city, Creditfix revealed that single parents would be in a deficit each month if forced to pay for full-time childcare for children under the age of 3.

For single parents with a mortgage, living in Brighton would leave them with the lowest disposable income each month at a deficit of over £900. This is based on the average monthly mortgage repayments for a terrace property in the city, on a 5-year fixed mortgage with 10% deposit.

The research comes as many homeowners digest the impact of the Bank of England hiking interest rates to five per cent – the highest level for 15 years.

Most expensive city/town to live in the UK as a single parent (mortgage)
Rank City/Town Disposable left after mortgage payments & childcare (£)
1 Brighton -963
2 Cambridge -530
3 Worthing -529
4 Oxford -512
5 Hastings -400
6 Eastbourne -395
7 Hemel Hempstead -250
8 Exeter -184
9 Watford -112
10 Luton -96

Aberdeen was found to be the cheapest city for single parents with a mortgage, leaving them with £1090 disposable.

Layla Johnson, regional manager at Creditfix, comments on the data:

“It’s astonishing to see the financial turmoil that single parents could face living in Brighton with a mortgage; it seems as though some may be better off renting to aid short term disposable income and reduce piling debt”

“At a time when money is so tight, the Cost of Being a Parent’ calculator could be insightful for parents, or parents to be, planning on where to settle down with their children to have the most comfortable life.”

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If you’re struggling with the rising cost of being a parent and are worried about falling into debt, you’re not alone. Get in touch with the team at Creditfix to discuss the options available to take back control over your debt, including a Debt Relief Order, Debt Management Plan or an IVA.

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