Suffolk renters feel pinch as at least 30% of salary goes on living

East Anglia is ranked as the fourth highest region in the UK with 80% of people paying over 30% of their annual wages on rent

East Anglia is ranked as the fourth highest region in the UK with 80% of people paying over 30% of their annual wages on rent - Credit: Getty Images/iStockphoto

Suffolk renters are seeing up to 50% of their monthly salary going on rent - and say they worry about further cost-of-living rises or being priced out of owning a home. 

It follows a recent study by SpareRoom which found 80% of people in East Anglia spend 30% or more on their rent, and almost one in three (29%) are spending 50% or more. 

The website surveyed more than 11,000 people and reported women are the hardest hit, with more than 85% spending 30% compared with 75% for men. 

It makes East Anglia is the fourth highest region in the UK. 

Gemma Rayner, 34, who rents her home in Rendlesham, said: “I just find it really worrying to be honest, rent is constantly increasing, and now with the massive hikes in utility bills and fuel, it’s adding a lot of financial stress.” 

Rent rises may have slowed across London, but private tenants in Islington pay 65 per cent of their

Rent rises may have slowed across London, but private tenants in Islington pay 65 per cent of their salaries in rent. - Credit: PA Wire/Press Association Images

Lauryn Sims, 23 from Foxhall, said: "It’s ridiculous. The cost of living for someone like me who is young and would love to own a house soon, is just getting too much. 

“I probably won’t be able to afford a mortgage because I’m spending so much of my income on rent and bills. It’s a worry when it comes towards the end of the month to just go out with my friends because I struggle to have any disposable income.” 

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Jonathan Webb, director at Keystone Independent Estate Agents in Ipswich, said a reason for why East Anglia ranked so high is the increase in buy-to-let landlords coming onto the market.

He said: “You’ll find landlords are buying better quality homes than they have done before, which means that it is demanding higher rent because it is a better-quality property. 

“East Anglia is also a very pretty and desirable area. We noticed it with the pandemic. It made people think about their location and what rural areas have to offer. Ipswich as well, has seen a lot of regeneration, there’s a lot more going on now. 

“A lot of people with higher paying jobs from London for example, are moving here because pf the surroundings, commuting to London one day a week, and then working from home the other four.”