Commuters looking to save money by moving out of London will gain the most if they choose Southend, new figures show.
The average price of a house in Southend is less than half that in London. After taking into account the cost of an annual season ticket – which averages £3,236 - commuters can save themselves more than £8,600 a year by living on the Essex coast.
The research by estate agency Haart, however, suggested that commuters moving to Oxford or Cambridge would find the cost of a season ticket more than outweighs the benefits of cheaper housing.
The analysis of 14 commuter hotspots suggests that, on average, people save £10,779 a year by moving out of London, but then spend £5,160 a year on train fares.
See the table below for a detailed breakdown of commuter costs.
The average price of a house in Southend is less than half that in London. After taking into account the cost of an annual season ticket – which averages £3,236 - commuters can save themselves more than £8,600 a year by living on the Essex coast.
The research by estate agency Haart, however, suggested that commuters moving to Oxford or Cambridge would find the cost of a season ticket more than outweighs the benefits of cheaper housing.
The analysis of 14 commuter hotspots suggests that, on average, people save £10,779 a year by moving out of London, but then spend £5,160 a year on train fares.
See the table below for a detailed breakdown of commuter costs.
| how_much_does_commuting_save_you.docx |
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