Manchester · GBP · moderate cost city

Savings rate in Manchester — are you on track?

Manchester is a moderate cost city. Manchester rents average £900–1,100/month — significantly below London but rising faster than local wage growth. Manchester offers one of the UK's better income-to-rent ratios, putting mid-income earners in stronger saving positions.

Median rent

£900/mo

Manchester 2024

Typical other costs

£1,100/mo

excl. housing

Savings benchmark

8–23%

mid-income GBP

Pre-set for Manchester — adjust to your situation

Country
£42,500
£10,000£155,000£300,000+
£900/mo
£0£4,000£8,000+

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

£1,400/mo
£0£3,000£6,000+

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What a good savings rate looks like in Manchester

Using data from ONS Living Costs & Food Survey FYE2024, people at mid-range incomes in United Kingdom typically save between 8–23% of gross income. In a moderate cost city like Manchester, housing costs can compress that meaningfully — especially for renters.

Minimum
8%
floor — not building
Expected
16%
benchmark
Strong
32%
top tier

Source: ONS Living Costs & Food Survey FYE2024. Benchmarks shown for mid-income earners in United Kingdom.

See full cost breakdown for Manchester →

Compare nearby cities

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Also in the Verdict suite

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