Savings rate benchmarks in United Kingdom — are you on track?
Based on ONS Living Costs & Food Survey FYE2024, here is what people at each income level in United Kingdom typically save — and how your city affects that benchmark.
Expected savings rate by income — United Kingdom
| Income range | Expected savings rate |
|---|---|
| £15,000 – £25,000 | 3% |
| £25,000 – £35,000 | 8% |
| £35,000 – £50,000 | 16% |
| £50,000 – £70,000 | 23% |
| £70,000 – £100,000 | 32% |
| £100,000 – £150,000 | 41% |
| £150,000+ | 49% |
Source: ONS Living Costs & Food Survey FYE2024. Rates represent gross income saved before tax. Coverage varies by income band.
Check your savings rate — pre-set for United Kingdom
Cities in United Kingdom
Select a city to see how local rent and costs affect your savings benchmark.
London
very high cost city
Median rent
£2,000/mo
Manchester
moderate cost city
Median rent
£900/mo
Birmingham
moderate cost city
Median rent
£850/mo
Edinburgh
high cost city
Median rent
£1,300/mo
Bristol
high cost city
Median rent
£1,400/mo
Leeds
moderate cost city
Median rent
£900/mo
Glasgow
moderate cost city
Median rent
£850/mo
Liverpool
moderate cost city
Median rent
£750/mo
Newcastle
moderate cost city
Median rent
£700/mo
Sheffield
moderate cost city
Median rent
£750/mo
Cardiff
moderate cost city
Median rent
£950/mo
Nottingham
moderate cost city
Median rent
£800/mo
Oxford
very high cost city
Median rent
£1,700/mo
Cambridge
high cost city
Median rent
£1,500/mo
Browse by income bracket
See savings benchmarks for a specific income level across United Kingdom's major cities.