Brighton is the UK city where residents have the highest amount of disposable income, meaning they have more spare cash to splash.
According to data from , people living in have an average of £1,315 spare cash per month - more than any other city in the UK. This is a whopping 30 per cent higher than those residing in London who have an average disposable income of £1,013.
Known for its vibrant coastal lifestyle, Brighton's high disposable income levels further highlight the North-South divide in terms of money value and disposable income. Nottingham comes third in the list of places with the highest levels of disposable income at £1,055 per month.
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The Household Money Index by MoneySuperMarket, which factors in 31 different types of bills and outgoings, revealed that Britons typically have £836 in disposable income each month, depending on where they live.
In the south, Cardiff and Southampton residents have £914.38 and £893.07 left over per month on average. Heading north, Liverpool and Leeds have disposable income levels of £541.82 and £543.82.
Meanwhile, in Birmingham people typically have £871.02 in disposable income after bills and outgoings, and in people have £869.93. Bristol, however, is the city with the least disposable income, where people averagely have just £430.73 due to high property prices, reports .
In a startling revelation on UK spending habits, MoneySuperMarket's research has shown a drop in the percentage of monthly income Brits are doling out on bills. Back in September 2023, our bank accounts felt a squeeze as 70 per cent of monthly earnings were spent on bills and other expenses.
Fast forward to today, and that figure has trimmed down to 62 per cent. In Brighton, the scenario is a tad rosier, with people there dedicating roughly 45 per cent of their pay to bills.
MoneySupermarket’s expert Kara Gammell weighed in: "While our index shows spending on bills and expenses has dropped by nearly 10 per cent since September, it also highlights a widening gap in disposable income across the UK. In some areas, people have three times more disposable income than in others."
