Housing Costs - right

HOUSING COSTS

QUESTION: Respondents were first asked to approximate what proportion of their monthly income they spend on housing costs. For the purposes of this research, “housing costs” is defined as rent and bills.

Quarters

42% of respondents (the highest frequency of responses) stated that “almost all” of their monthly income goes towards meeting their housing costs. 22% of respondents state three quarters of their monthly income is spent on housing costs, while a further 22% cited half. Only 4% of respondents state that up to a quarter of their monthly income is spent on housing costs, while 11% state they do not spend anything on housing costs (inferring that these costs are paid by someone else, for example, family or loved ones).

Diagram 1: Thinking about your monthly income, approximately what proportion of it do you spend on housing costs?

HOUSING COSTS

QUESTION: How much do you contribute to monthly rent or mortgage payments (excluding bills)?

44.93% of respondents individually contribute in the range of £600 to £900 to monthly rent or mortgage payments. 30.44% of respondents individually contribute in the range between £900 to over £1400 per month.

These are significant amounts of money when mindful that bills are for most students a supplementary cost in addition to these figures.

£500 to £600

£600 to £700

£700 to £800

£800 to £900

£900 to £1000

£1000 to £1100

£1100 to £1200

£1200 to £1300

£1300 to £1400