How much do you need to earn to live in these Falkirk postcodes?

A new survey has revealed how much you would need to earn per hour to live in the different areas of Falkirk.

By The Newsroom
Thursday, 24th August 2017, 4:48 pm
Updated Tuesday, 12th September 2017, 11:51 am
How much do you need to earn?
How much do you need to earn?

The price difference between buying a house in the area’s most desirable areas compared to more affordable areas may surprise some residents.

Living in the FK1 area means you will need to earn an average of £10.11 per hour, which drops to £7.96 per hour in the FK2 postcode.

And it drops even further for those living in the FK3 area - just £6.02.

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Each entry on the list represents a postcode and shows how much you’d need to earn per hour, week and year to buy a property there.

It’s based on a single person working a 37.5 hour week and mortgage repayments being 35 per cent of the income.

The company analysed the average house price in each of Britain’s 2,643 postcodes to find how much would be needed to be earned per hour to live in each area.

The average house price in the UK increased by £10,000 last year. The annual rise of 4.9 per cent outstrips the 2.6 per cent increase in wages in the last three months of 2016.

Planning a move elsewhere? Find out how much you’d have to earn on the Web-Blinds website, here.

FK1: £10.11; £379.13; £19,714.50

FK2: £7.96; £298.50; £15,522

FK3: £6.02; £225.75; £11.739