Cost of Living in Formby
North West
Town
Merseyside, EnglandPopulation: 24,000
Average House Price
£230.0k
-21% vs UK avg (£290k)
Median Salary
£34,516
-12% vs UK avg (£39,039)
Average Rent
£981/mo
-18% vs UK avg (£1,200)
Quick Facts
Council Tax£1,998Band D / yr
Energy£145/ mo
Water£35.00/ mo
Broadband£33.00/ mo
Bus Pass£65.66/ mo
House Prices in Formby
+1.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£230,020
Detached£402,800
Semi-detached£231,080
Terraced£164,300
Flat / Apartment£148,400
House prices in Formby have increased by +1.0% over the past year.
Salaries in Formby
Annual Salary
Median and mean gross annual pay
Median£34,516
Mean£38,857
Median hourly rate£16.47/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£23,569
Upper quartile (75th)£45,500
vs UK National Median (£39,039)
-11.6%
£4,523 below national averageMonthly Cost of Living in Formby
Estimated Monthly Breakdown
What it costs to live in Formby each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £981 |
| Housing | Council Tax(Band D, paid over 12 months) | £167 |
| Utilities | Energy(Gas and electricity) | £145 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £33.00 |
| Transport | Transport(Monthly commute estimate) | £170 |
| Food | Groceries(Estimated monthly shop) | £259 |
| Leisure | Leisure(Gym, dining out, entertainment) | £138 |
| Estimated Total | £1,928 |
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 Formby
Monthly Bus Pass
Standard adult monthly bus pass
£65.66
Fuel per Litre
Average petrol price per litre
£1.30
Monthly Commute
Estimated monthly commuting cost
£170
Compare Formby with Another Location
See how the cost of living in Formby stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Formby
- What is the average house price in Formby?
- The average house price in Formby is £230,020, based on HM Land Registry data for 2025-12-01. Detached homes average £402,800, while flats and apartments average £148,400. Prices have risen by +1.0% over the past year.
- What is the average salary in Formby?
- The median annual salary in Formby is £34,516, compared to the UK national median of £39,039. This is £4,523 below the national average. Salaries typically range from £23,569 (lower quartile) to £45,500 (upper quartile).
- How much does it cost to rent in Formby?
- Average monthly rent in Formby is £981 per month. Rents have increased by +5.2% over the past year.
- Is Formby an affordable place to live?
- Formby can be a stretch for those on median earnings. Rent accounts for approximately 34% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £981, while the median annual salary is £34,516 (approximately £2,876 per month before tax).
- How does Formby compare to London?
- The average house price in Formby is £230,020, compared to approximately £551,000 in London. Property in Formby costs around 42% of London prices, making it £320,980 cheaper on average. Rent is also more affordable, at £981 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Formby?
- House prices in Formby are currently rising, with a +1.0% increase over the past year. The current average price of £230,020 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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