Cost of Living in Fareham
South East
Town
Hampshire, EnglandPopulation: 116,000
Average House Price
£390.4k
+35% vs UK avg (£290k)
Median Salary
£44,582
+14% vs UK avg (£39,039)
Average Rent
£1,431/mo
+19% vs UK avg (£1,200)
Quick Facts
Council Tax£2,275Band D / yr
Energy£149/ mo
Water£35.00/ mo
Broadband£40.00/ mo
Bus Pass£81.58/ mo
House Prices in Fareham
+3.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£390,370
Detached£607,700
Semi-detached£386,250
Terraced£324,450
Flat / Apartment£242,050
House prices in Fareham have increased by +3.0% over the past year.
Salaries in Fareham
Annual Salary
Median and mean gross annual pay
Median£44,582
Mean£50,544
Median hourly rate£21.44/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£30,456
Upper quartile (75th)£59,940
vs UK National Median (£39,039)
+14.2%
£5,543 above national averageMonthly Cost of Living in Fareham
Estimated Monthly Breakdown
What it costs to live in Fareham each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,431 |
| Housing | Council Tax(Band D, paid over 12 months) | £190 |
| Utilities | Energy(Gas and electricity) | £149 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £40.00 |
| Transport | Transport(Monthly commute estimate) | £211 |
| Food | Groceries(Estimated monthly shop) | £291 |
| Leisure | Leisure(Gym, dining out, entertainment) | £172 |
| Estimated Total | £2,519 |
These figures are estimates based on averages and may vary depending on your lifestyle, property type, and household size. Council tax shown at Band D; your band may differ.
Transport Costs in Fareham
Monthly Bus Pass
Standard adult monthly bus pass
£81.58
Fuel per Litre
Average petrol price per litre
£1.62
Monthly Commute
Estimated monthly commuting cost
£211
Compare Fareham with Another Location
See how the cost of living in Fareham stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Fareham
- What is the average house price in Fareham?
- The average house price in Fareham is £390,370, based on HM Land Registry data for 2025-12-01. Detached homes average £607,700, while flats and apartments average £242,050. Prices have risen by +3.0% over the past year.
- What is the average salary in Fareham?
- The median annual salary in Fareham is £44,582, compared to the UK national median of £39,039. This is £5,543 above the national average, making it a higher-earning area. Salaries typically range from £30,456 (lower quartile) to £59,940 (upper quartile).
- How much does it cost to rent in Fareham?
- Average monthly rent in Fareham is £1,431 per month. Rents have increased by +4.5% over the past year.
- Is Fareham an affordable place to live?
- Fareham can be a stretch for those on median earnings. Rent accounts for approximately 39% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £1,431, while the median annual salary is £44,582 (approximately £3,715 per month before tax).
- How does Fareham compare to London?
- The average house price in Fareham is £390,370, compared to approximately £551,000 in London. Property in Fareham costs around 71% of London prices, making it £160,630 cheaper on average. Rent is also more affordable, at £1,431 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Fareham?
- House prices in Fareham are currently rising, with a +3.0% increase over the past year. The current average price of £390,370 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
Nearby Locations
Explore the cost of living in other nearby areas.