How much does it cost to live in Sheffield?

Typical monthly costs in Sheffield are approximately £750 in rent and £900 in other expenses, totalling around £1,650/month.

How much should I save in Sheffield?

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 Sheffield, housing costs can reduce this, particularly for renters.

Sheffield · GBP · moderate cost city

Cost of living in Sheffield — is your salary enough?

Sheffield median rent is approximately £750/month, benefiting from a large student population keeping supply high. Sheffield's affordable housing gives mid-income earners strong savings capacity relative to UK national benchmarks.

Rent in Sheffield

Budget£600 – £700/mo

Typical£750 – £850/mo

Premium£1,000+/mo

Other monthly costs

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

Total typical monthly spend~£1,650/mo

How different incomes stack up

At typical Sheffield costs (£750 rent)

£25,000 – £35,000→ saving 15.4%

Ahead

£35,000 – £50,000→ saving 40.3%

Ahead

£50,000 – £70,000→ saving 52.2%

Ahead

See your personal verdict for Sheffield

Country

Annual income (gross)£42,500

£10,000£155,000£300,000+

Monthly rent or mortgage£750/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+

Age (optional — improves benchmark)

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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 Sheffield →

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Also in the Verdict suite

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