Bridgwater struggles with low earnings and high property prices, ranking poorly for value.
Bridgwater: Recent data shows it ranks 116 out of 161 towns in value for money. This analysis comes from HM Land Registry and the Office for National Statistics.
In Bridgwater, average earnings are £27,702. However, average house prices are £258,043. This creates an affordability ratio of 9.3, with monthly expenses taking up 30.6% of income.
Interestingly, Bridgwater’s earnings are much lower than the national average of £37,430. Rental prices are also high, partly due to temporary work accommodations.
Current property prices in Bridgwater range from £80,000 to £1.65 million, according to Rightmove. This wide range reflects the town’s diverse housing market.
In comparison, Barrow-in-Furness is the best value area, with average earnings of £37,962 and house prices of £185,073. Meanwhile, Penzance in Cornwall is the worst, with average earnings of £23,521 and house prices of £359,853.
