Why is Scotland so much more expensive than England?

A new report by the Office for National Statistics (ONS) has revealed that Scotland is now more expensive to live in than England and Wales, according to figures from the latest census.As the figures reveal, Scotland now comes out on top of England and has the highest price index for housing, with average home values…

Published by admin inOctober 10, 2021
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A new report by the Office for National Statistics (ONS) has revealed that Scotland is now more expensive to live in than England and Wales, according to figures from the latest census.

As the figures reveal, Scotland now comes out on top of England and has the highest price index for housing, with average home values in the country of £220,000, compared with £195,000 in England and £158,000 elsewhere.

According to the ONS, the price index is the average price a property in Scotland can be purchased for, excluding interest, mortgage, and other charges.

The average Scottish home now costs £216,000 compared with the £220.5m average of £200,000 for England and the UK average for the same period.

On a per-capita basis, Scotland is more expensive in terms of the average salary compared with England and, in terms as a percentage of GDP, is more than three times as expensive.

However, the figures show that the cost of living in Scotland is less expensive than in England.

Although Scotland’s median income is £16,300 per person, the ONSI says it has the lowest per capita income of any country in the EU and its average per capita consumption is only £8,300, compared to £10,300 for England.

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