Scottish capital ‘offers best quality of life for your money’

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Scottish capital ‘offers best quality of life for your money’. If you want to see your money go as far as possible in giving you the best quality of life, then it may be time for you to move north of the border – at least, according to a report released this month from MoneySuperMarket.

Edinburgh was been named the best of the UK’s largest 12 cities for standard of life, following research that found it offered a combination of low unemployment, low average rent and comparably smaller crime rates. It was particularly notable for the fact that residents currently enjoy the best take-home pay in the United Kingdom outside of London, with an average income of £25,543 a year.

Scottish Capital  beat second-placed Belfast and third-placed Cardiff to create an all-capital trio at the top of the table, which also featured Birmingham, Bradford, Bristol, Glasgow, Leeds, Liverpool, London, Manchester and Sheffield. A strong showing for Yorkshire put Leeds, Sheffield and Bradford in the top six.

Birmingham propped up the bottom of the MoneySuperMarket table, scoring below average for five of seven categories; most alarming was perhaps the fact it was home to the lowest annual disposable income of the 12 cities with £13,575; the average across the dozen is £15,899.

The good news just keeps rolling in for Edinburgh, which also topped a similar poll in October carried out by uSwitch, when it beat a whopping 137 competitors to the prestigious honour.

However, the reaction in the city itself seems to be divided, according to the Edinburgh Evening News. Speaking to the paper, the city’s Conservative leader Cameron Rose said the findings needed to be taken with a “pinch of salt” and added: “It is an expensive place to live and it can be a challenge for young people – and for others – to get on the housing market.”

However, Green councillor for Leith, Chas Booth, agreed to an extent, and said: “Any resident would agree that we are lucky to live in such a beautiful city with many green spaces. But obviously some of our city residents will struggle with food, housing and heating costs and there is more to do to ensure people continue to regard it’s a great place to live.”

http://www.ftadviser.com/2015/11/13/mortgages/mortgage-data/edinburgh-voted-best-place-to-live-in-the-uk-G6pMyZD3sxZ7sXhsKmTKsI/article.html

http://www.thisismoney.co.uk/money/mortgageshome/article-3315200/Best-big-UK-city-live-s-Edinburgh-thanks-high-wages-cheap-rent-low-crime-levels.html

http://www.edinburghnews.scotsman.com/news/edinburgh-named-top-place-to-live-in-uk-again-1-3947396