Homeowners are facing a ‘postcode lottery’ when it comes to household running costs.
Comparison website uSwitch warns that homeowners in England, Scotland and Wales may be forking out almost double for utilities and household insurance depending on where they live.
Analysis of 2,000 postcodes found those in PL8 in Devon were paying out £332 on household running costs, almost double the £185 spent by those in SW1P in Westminster. Those in NE31 in South Tyneside spend the most as a proportion of their income at 13% a month, compared to just 2% of those in Westminster.
Variations in utility bills and insurance costs mean homeowners are at the mercy of a postcode lottery when it comes to their monthly outgoings.
Those in Uttlesford, Hertfordshire, spend the most of home insurance at £66 a month – it’s 11 times more than the £6 a month that homeowners in Northumberland pay.
Meanwhile, those in Devon and Cornwall are shelling out the most for water bills at an average of £71 a month, more than double the £30 a month paid by those in Hounslow, Slow and Wycombe.
Westminster households pay the least council tax at an average of £59 a month – significantly less than the £166 a month paid by those in Weymouth – while those in Devon spend more than double the amount of those Wandsworth on their water bills at £70 and £31 a month respectively.
The 10 postcodes with the cheapest household running costs outside London are all in Scotland, where homeowners spend an average of £224 a month on their bills.
Meanwhile, South Hams has the highest monthly outgoings at £332 closely followed by postcodes in Devon at £331.
Shona Eyre, consumer expert at uSwitch, says: “This goes to show that your postcode can play a big part in how much you pay to keep your home running. Homeowners should shop around to see if they can get a better deal on home insurance, energy and broadband – switching your energy alone could save up to £500 a year.”