![]() ![]() The average monthly mortgage repayment in the UK is £658, while the average monthly rent can vary depending on where you are in the country, but it has an average of £1,113 across the country. This includes mortgage repayments, rent, council tax and maintenance costs. The average cost of housing in the UK is £735 per month, according to the Office for National Statistics (ONS). ![]() There are apps to help monitor your receipts, and keeping track of what you spend at the store will allow you to earn cashback or get money for free items. You can save costs by cooking at home, not eating out as much and buying in bulk.įor no-frills shopping, take a list with you, then resist buying extra stuff you don’t need. This was an increase of £3 from 2018-19, when households spent £448 per month on average. Households in the United Kingdom spent an average of £276 per month on food and non-alcoholic beverages in 2019-20. When examining trends over time, it is apparent that there has been a general upward trend in spending on food since the early 1990s. The largest proportion of household expenditure on food went to meat (£7.10/week), followed by bread, cereals, and other bakery products (£5.80) and fresh vegetables (£5). The average rise since 2021 is around 15%. That’s around £300 per month, or £360 per month if you include alcohol, or £440 if you include eating out as well.ĭata sourced from the ONS Family spending in the UK report.ĭue to inflation, this rose in 2022, but there are no official statistics at the moment. In 2021, the average family spent £69.20 per week on food and non-alcoholic drinks. Parking costs – depending on where you live, you may need to pay for a local permit.This could be wear and tear not covered by insurance (roof repairs, plumbing, breakages) and garden bushes and fences maintenance. Home maintenance – while it’s not an ongoing bill, you will need to factor in the one-off costs of the upkeep and repair of your home.This pays towards the upkeep of management and maintenance of the inside and outside of the property. Service charges/ground rent – if you live in a leasehold flat, you may have communal areas you must pay for each month/year.You can get some good deals if you shop around, but be conscious about the upload and download broadband speed you need, particularly if you have a few people in the house who stream or play online games. Broadband and phone – although you may not use a home phone, most broadband providers require you to have a line.You need a TV Licence if you watch any live TV. TV licence – TV licence fees are currently £159 per year and are used to fund public service broadcasting in the UK.You may save more if you switch to a water meter. Gas and electricity prices have been rising recently, so shopping around for the best deals is important. Utilities (such as gas, electricity, water and sewage) – Utilities can also be expensive, particularly if you have a large family.The amount you pay will depend on the banding value of your property and the area you live in. Council tax – It is a local tax that is levied on all households in the UK.For renters, you’d need contents cover, but as a homeowner, you need buildings and contents insurance. Insurance – Insurance is also a high cost, and you will need to insure your home against fire, theft and other risks.Mortgage or rent – Your mortgage or rent is likely to be your biggest bill and will vary depending on the size and location of your property.The average monthly food bill is around £300.Īverage household bills per month in 2023 (UK) Household bills to pay when owning or renting.The average monthly TV licence fee in the UK is £13.25.The average monthly gas bill in the UK is £111.50.The average monthly electricity bill in the UK is £96.17.The average monthly water bill in the UK is £33.05.The average monthly council tax bill in the UK is £163.83.The average monthly rent payment in the UK is £1,113.The average monthly mortgage payment in the UK is £658.This includes rent, mortgage, utilities, council tax, and TV licence. The average monthly household bill in the UK is £1,500.Gas and electricity bills – energy bills.There are a number of ways to save money on your water bill, such as:.Household bills to pay when owning or renting.The average household bills per month UK. ![]()
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