Cost of Living in Lowestoft
East of England
Town
Suffolk, EnglandPopulation: 72,000
Average House Price
£351.5k
+21% vs UK avg (£290k)
Median Salary
£39,283
+1% vs UK avg (£39,039)
Average Rent
£1,293/mo
+8% vs UK avg (£1,200)
Quick Facts
Council Tax£2,124Band D / yr
Energy£147/ mo
Water£35.00/ mo
Broadband£41.00/ mo
Bus Pass£78.62/ mo
House Prices in Lowestoft
+4.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£351,520
Detached£525,200
Semi-detached£348,400
Terraced£291,200
Flat / Apartment£208,000
House prices in Lowestoft have increased by +4.0% over the past year.
Salaries in Lowestoft
Annual Salary
Median and mean gross annual pay
Median£39,283
Mean£44,649
Median hourly rate£18.96/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£26,928
Upper quartile (75th)£52,965
vs UK National Median (£39,039)
+0.6%
£244 above national averageMonthly Cost of Living in Lowestoft
Estimated Monthly Breakdown
What it costs to live in Lowestoft each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,293 |
| Housing | Council Tax(Band D, paid over 12 months) | £177 |
| Utilities | Energy(Gas and electricity) | £147 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £41.00 |
| Transport | Transport(Monthly commute estimate) | £203 |
| Food | Groceries(Estimated monthly shop) | £286 |
| Leisure | Leisure(Gym, dining out, entertainment) | £165 |
| Estimated Total | £2,347 |
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 Lowestoft
Monthly Bus Pass
Standard adult monthly bus pass
£78.62
Fuel per Litre
Average petrol price per litre
£1.56
Monthly Commute
Estimated monthly commuting cost
£203
Compare Lowestoft with Another Location
See how the cost of living in Lowestoft stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Lowestoft
- What is the average house price in Lowestoft?
- The average house price in Lowestoft is £351,520, based on HM Land Registry data for 2025-12-01. Detached homes average £525,200, while flats and apartments average £208,000. Prices have risen by +4.0% over the past year.
- What is the average salary in Lowestoft?
- The median annual salary in Lowestoft is £39,283, compared to the UK national median of £39,039. This is £244 above the national average, making it a higher-earning area. Salaries typically range from £26,928 (lower quartile) to £52,965 (upper quartile).
- How much does it cost to rent in Lowestoft?
- Average monthly rent in Lowestoft is £1,293 per month. Rents have increased by +3.8% over the past year.
- Is Lowestoft an affordable place to live?
- Lowestoft 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 £1,293, while the median annual salary is £39,283 (approximately £3,274 per month before tax).
- How does Lowestoft compare to London?
- The average house price in Lowestoft is £351,520, compared to approximately £551,000 in London. Property in Lowestoft costs around 64% of London prices, making it £199,480 cheaper on average. Rent is also more affordable, at £1,293 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Lowestoft?
- House prices in Lowestoft are currently rising, with a +4.0% increase over the past year. The current average price of £351,520 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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