Cost of Living in Isle of Wight
South East
County
Population: 142,000
Average House Price
£424.5k
+46% vs UK avg (£290k)
Median Salary
£40,042
+3% vs UK avg (£39,039)
Average Rent
£1,229/mo
+2% vs UK avg (£1,200)
Quick Facts
Council Tax£2,297Band D / yr
Energy£150/ mo
Water£35.00/ mo
Broadband£39.00/ mo
Bus Pass£80.78/ mo
House Prices in Isle of Wight
+2.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£424,480
Detached£660,800
Semi-detached£420,000
Terraced£352,800
Flat / Apartment£263,200
House prices in Isle of Wight have increased by +2.0% over the past year.
Salaries in Isle of Wight
Annual Salary
Median and mean gross annual pay
Median£40,042
Mean£45,396
Median hourly rate£19.25/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£27,354
Upper quartile (75th)£53,835
vs UK National Median (£39,039)
+2.6%
£1,003 above national averageMonthly Cost of Living in Isle of Wight
Estimated Monthly Breakdown
What it costs to live in Isle of Wight each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,229 |
| Housing | Council Tax(Band D, paid over 12 months) | £191 |
| Utilities | Energy(Gas and electricity) | £150 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £39.00 |
| Transport | Transport(Monthly commute estimate) | £209 |
| Food | Groceries(Estimated monthly shop) | £294 |
| Leisure | Leisure(Gym, dining out, entertainment) | £170 |
| Estimated Total | £2,317 |
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 Isle of Wight
Monthly Bus Pass
Standard adult monthly bus pass
£80.78
Fuel per Litre
Average petrol price per litre
£1.60
Monthly Commute
Estimated monthly commuting cost
£209
Compare Isle of Wight with Another Location
See how the cost of living in Isle of Wight stacks up against other UK cities and towns.
Isle of Wight vs London
Isle of Wight vs Manchester
Isle of Wight vs Birmingham
Isle of Wight vs Edinburgh
Frequently Asked Questions About Living in Isle of Wight
- What is the average house price in Isle of Wight?
- The average house price in Isle of Wight is £424,480, based on HM Land Registry data for 2025-12-01. Detached homes average £660,800, while flats and apartments average £263,200. Prices have risen by +2.0% over the past year.
- What is the average salary in Isle of Wight?
- The median annual salary in Isle of Wight is £40,042, compared to the UK national median of £39,039. This is £1,003 above the national average, making it a higher-earning area. Salaries typically range from £27,354 (lower quartile) to £53,835 (upper quartile).
- How much does it cost to rent in Isle of Wight?
- Average monthly rent in Isle of Wight is £1,229 per month. Rents have increased by +5.5% over the past year.
- Is Isle of Wight an affordable place to live?
- Isle of Wight can be a stretch for those on median earnings. Rent accounts for approximately 37% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £1,229, while the median annual salary is £40,042 (approximately £3,337 per month before tax).
- How does Isle of Wight compare to London?
- The average house price in Isle of Wight is £424,480, compared to approximately £551,000 in London. Property in Isle of Wight costs around 77% of London prices, making it £126,520 cheaper on average. Rent is also more affordable, at £1,229 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Isle of Wight?
- House prices in Isle of Wight are currently rising, with a +2.0% increase over the past year. The current average price of £424,480 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.