The salary Greater Manchester house-hunters need to buy a home in each part of the region
manchestereveningnews.co.ukBuying a house is an expensive milestone that many people save up for years to achieve. In recent years, the cost of living crisis has made it increasingly difficult for people to afford a home, from rising house prices to soaring mortgage rates.
If you're a first-time buyer looking to step on the property ladder for the first time, or are a homeowner who is looking to move to a different part of Greater Manchester, it is a good idea to know what sort of salary you might need to earn and how big of a deposit you'll need to save before you start looking.
According to the most recent data from Office for National Statistics, the average weekly earnings across the region for full-time employees is £646, which equates to an annual income of around £31,000 a year.
Whilst this may seem like a relatively good wage, it won't stretch very far if you're looking to buy a house in certain parts of the region. READ MORE: Couple's warning after losing £11k on insulation 'scam' that left house 'unsellable READ MORE: The Greater Manchester road named one of Britain's 'best streets to live on' Using the most recent figures provided by Zoopla, we look at the average salary Greater Manchester house-hunters need to earn to buy a home in each of the region's 10 boroughs - along with the average house price and 15 percent deposit needed to secure a home.
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