How much does it cost to live in Newcastle?

Typical monthly costs in Newcastle are approximately £700 in rent and £900 in other expenses, totalling around £1,600/month.

How much should I save in Newcastle?

Based on ONS Living Costs & Food Survey FYE2024, people at mid-range incomes in United Kingdom typically save 12–20% of gross income. In a moderate cost city like Newcastle, housing costs can reduce this, particularly for renters.

Newcastle · GBP · moderate cost city

Cost of living in Newcastle — is your salary enough?

Newcastle median rent is around £700/month, the lowest of any major northern English city. Newcastle's very low housing costs make it one of the best UK cities for savings at mid and lower income levels.

Rent in Newcastle

Budget£500 – £650/mo

Typical£700 – £800/mo

Premium£900+/mo

Other monthly costs

Food, transport, bills, going out~£900/mo

Total typical monthly spend~£1,600/mo

How different incomes stack up

At typical Newcastle costs (£700 rent)

£25,000 – £35,000→ saving 17.9%

Ahead

£35,000 – £50,000→ saving 42.1%

Ahead

£50,000 – £70,000→ saving 53.6%

Ahead

See your personal verdict for Newcastle

Country

Annual income (gross)£42,500

£10,000£155,000£300,000+

Monthly rent or mortgage£700/mo

£0£4,000£8,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

£1,400/mo

£0£3,000£6,000+

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Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from ONS Living Costs & Food Survey FYE2024. Figures in GBP.

Check your savings rate in Newcastle →

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Also in the Verdict suite

SalaryVerdict — Is your Newcastle salary competitive?SpendVerdict — Is your Newcastle rent too high?