Cost of running a home cheaper for two thirds of Britons who own rather than rent
The real cost of running the average-sized UK home has been revealed by leading home insurers MORE TH>N. Owning a three bedroom home in the UK comes with average annual running costs of almost £20,000 (£1,634 per month), with rented three bedroom homes only slightly less expensive at just shy of £19,000 per year (£1,576 per month). For a household with two working adults each earning the average yearly salary that means between 43% (rented) and 45% (owned) of post-tax earnings are being spent purely on household bills and the rent or mortgage.
