Ceredigion named most affordable place to live in the UK

With the cost of living crisis still ongoing, finding somewhere to live that won't break the bank can be difficult, whether you are looking to buy or rent.

To help, the experts at Make My Blinds have released a list of the top 10 most affordable places in the UK to live.

To determine the most affordable locations the experts looked at a range of data, including annual salary, bankruptcy rate and rental prices.

Ceredigion was named most affordable place to live in the UK ahead of Staffordshire Moorlands and East Riding of Yorkshire. (Image: Getty Images)

Ceredigion was found to be the most affordable place to live in the UK followed by Staffordshire Moorlands and East Riding of Yorkshire. 

Most affordable places to live in the UK

The top 10 most affordable places to live in the UK, according to Make My Blinds, are:

1. Ceredigion
2. Staffordshire Moorlands
3. East Riding of Yorkshire
4. Rushcliffe
5. Monmouthshire
6. Gwynedd
7. Bromsgrove
8. Chorley
9. Lancaster
10. Amber Valley

What makes Ceredigion the most affordable place to live in the UK

The experts at Make My Blinds said: "Taking the title as the most affordable location on our list, with an overall score of 7.72 /10, is the Welsh county of Ceredigion.

"Despite having the lowest annual salary of all the entries in our top three, it appears that the residents here know how to manage their money, evidenced by the 0.8 insolvency rate per 10,000 adults and 13.7 bankruptcy rate per 10,000 adults - both of which are the lowest of our top three in their respective categories."

Ceredigion was joined by two other Welsh counties on the most affordable places to live in the UK list.

Monmouthshire, in south Wales, was listed as fifth most affordable and Gwynedd, up north, finished just behind in sixth.