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Peterborough Lincolnshire, England, UK
Opinions on living in Peterborough are mixed (Picture: Getty Images)

According to recent news, vast numbers of young people are delaying having children for financial reasons, with the cost of living crisis impacting our future plans as well as the here and now.

If you’re one of those people, though, you may want to consider a move to Peterborough, as it’s recently been crowned the most affordable city in the UK to raise a family.

Investment firm Shepherds Friendly analysed the 40 cities, looking at property prices, the cost of rent, utilities, and childcare, as well as the average monthly salary and the happiness levels in each city

The Cambridgeshire spot came out top overall, with childcare some of the lowest in the country at £700 per month on average, and utilities costing as low as £160 a month.

It beat Belfast, Newcastle and Sunderland to claim first position in the list, while (unsurprisingly) London was ranked least affordable, followed by Cambridge, Brighton and Leicester.

Although average property prices are relatively high in Peterborough compared to some locales, at around £235,000, it’s still less than half what a home would cost in London (£584,459) or neighbouring Cambridge (£492,750).

Peterborough Cathedral, Cambridgeshire
The city boasts a beautiful cathedral (Picture: Getty Images)

As well as cost-effectiveness, there’s also a lot to love about Peterborough – especially if you have kids.

Located in East Anglia, it’s about 75 miles or an hour on a train from the capital, while you’re looking at a roughly 50-minute commute each way from Cambridge.

The city is famed for its 12th-century Cathedral, and boasts history-themed attractions like the Peterborough Museum, Elton Hall, and Flag Fen Archaeology Park.

River Nene, Peterborough.
There’s plenty of nature on your doorstep too (Picture: Getty Images)

For outdoorsy families, there are over 10 nature reserves and public parks all connected by a 45km Green Wheel cycle trail, or you can try outdoor swimming at the Grade II lised Lido.

Additionally, live events and markets are regularly hosted in Peterborough’s city centre and embankment, while the city’s three theatres have a range of shows to choose from.

But not everyone is convinced it’s so great.

Aerial view of Peterborough Lido and cathedral at sunset
Peterborough Lido is a hit with families (Picture: Getty Images)

Peterborough has made the top two ‘worst’ places to live in Britain for the last five years, with residents describing it as ‘dismal’ and a ‘dump’, as well as a ‘cultural dead spot’ with an ‘atmosphere of misery’.

They cite recent high street closures for their derision, along with a lack of nightlife and amenities. However, with a number of regeneration efforts either underway or in the works, this could all change in the coming years.

If you still can’t bring yourself to leave London but want to have children nonetheless, there are some boroughs where things are a little more family-friendly.

Considering factors like crime rates, central London commute times, the number of parks, schools, and job vacancies in the area, Bromley came out top in a list by Making Moves.

Sally Evans, the property company’s director of operations said: ‘Being situated in London is hugely beneficial for work as companies encourage office returns.

‘Living in boroughs like Bromley while working in the city provides an excellent work-life balance.’



The most affordable place to raise a family in the UK

  1. Peterborough
  2. Belfast
  3. Newcastle upon Tyne
  4. Sunderland
  5. Dundee
  6. Kingston upon Hull
  7. Bradford
  8. Gloucester
  9. Glasgow
  10. Leeds

Via Shepherds Friendly.

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