Bromsgrove has been ranked as one of the most affordable places to live in the UK. 

A new study, carried out by Make My Blinds, gathered data on house prices, average salaries and insolvency rates to reveal which areas of the country are the most and least affordable. 

Whilst the Welsh county of Ceredigion came out on top with an overall score of 7.72 out of 10, including the lowest insolvency rate of 0.8 per 10,000 adults, Bromsgrove ranked seventh in the table with a score of 6.84 out of 10. 

The mean salary for the town came in at £34,308 compared to £27,453 in Ceredigion with the average monthly rental price of a one-bed flat being £525 in Bromsgrove. 

The cost of a house per square metre is £3,371 whilst the insolvency rate is two per 10,000 adults and the bankruptcy rate is 16.2 per 10,000 adults. 

Despite the average rental prices being the highest amongst the top 10, the bankruptcy rates were much lower in Bromsgrove than in other areas. 

This includes Lancaster, which has a rate of 22.3 per 10,000 adults and Chorley, which has a rate of 23.4 per 10,000 adults. 

At the top of the table for wages was Kensington and Chelsea with an average salary of £73,453 whilst Blaenau Gwent in Wales had the lowest average rental price of £303 per month for a one-bed flat. 

For more information and to see the full list visit www.makemyblinds.co.uk/blog/post/affordable-locations