Newcastle · GBP · moderate cost city

Savings rate in Newcastle — are you on track?

Newcastle is a moderate cost city. 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.

Median rent

£700/mo

Newcastle 2024

Typical other costs

£900/mo

excl. housing

Savings benchmark

8–23%

mid-income GBP

Pre-set for Newcastle — adjust to your situation

Country
£42,500
£10,000£155,000£300,000+
£700/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 Newcastle

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 Newcastle, 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 Newcastle →

Compare nearby cities

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Also in the Verdict suite

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