Cost of Living in Leicester
East Midlands
City
Population: 368,000
Average House Price
£222.0k
-23% vs UK avg (£290k)
Median Salary
£38,584
-1% vs UK avg (£39,039)
Average Rent
£766/mo
-36% vs UK avg (£1,200)
Quick Facts
Council Tax£1,987Band D / yr
Energy£140/ mo
Water£34.00/ mo
Broadband£38.00/ mo
Bus Pass£67.63/ mo
House Prices in Leicester
+1.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£222,040
Detached£345,800
Semi-detached£213,850
Terraced£161,980
Flat / Apartment£122,850
House prices in Leicester have increased by +1.0% over the past year.
Salaries in Leicester
Annual Salary
Median and mean gross annual pay
Median£38,584
Mean£43,460
Median hourly rate£18.50/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£26,288
Upper quartile (75th)£50,880
vs UK National Median (£39,039)
-1.2%
£455 below national averageMonthly Cost of Living in Leicester
Estimated Monthly Breakdown
What it costs to live in Leicester each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £766 |
| Housing | Council Tax(Band D, paid over 12 months) | £166 |
| Utilities | Energy(Gas and electricity) | £140 |
| Utilities | Water | £34.00 |
| Utilities | Broadband | £38.00 |
| Transport | Transport(Monthly commute estimate) | £175 |
| Food | Groceries(Estimated monthly shop) | £241 |
| Leisure | Leisure(Gym, dining out, entertainment) | £142 |
| Estimated Total | £1,702 |
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 Leicester
Monthly Bus Pass
Standard adult monthly bus pass
£67.63
Fuel per Litre
Average petrol price per litre
£1.34
Monthly Commute
Estimated monthly commuting cost
£175
Compare Leicester with Another Location
See how the cost of living in Leicester stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Leicester
- What is the average house price in Leicester?
- The average house price in Leicester is £222,040, based on HM Land Registry data for 2025-12-01. Detached homes average £345,800, while flats and apartments average £122,850. Prices have risen by +1.0% over the past year.
- What is the average salary in Leicester?
- The median annual salary in Leicester is £38,584, compared to the UK national median of £39,039. This is £455 below the national average. Salaries typically range from £26,288 (lower quartile) to £50,880 (upper quartile).
- How much does it cost to rent in Leicester?
- Average monthly rent in Leicester is £766 per month. Rents have increased by +3.5% over the past year.
- Is Leicester an affordable place to live?
- Leicester is generally considered affordable. Rent accounts for approximately 24% of the median monthly income, which is below the 30% threshold commonly used as a benchmark for housing affordability. The average monthly rent is £766, while the median annual salary is £38,584 (approximately £3,215 per month before tax).
- How does Leicester compare to London?
- The average house price in Leicester is £222,040, compared to approximately £551,000 in London. Property in Leicester costs around 40% of London prices, making it £328,960 cheaper on average. Rent is also more affordable, at £766 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Leicester?
- House prices in Leicester are currently rising, with a +1.0% increase over the past year. The current average price of £222,040 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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