Recent research by price comparison website MoneySuperMarket reveals that the UK is the most expensive location to raise a family. The running costs associated with a four-person family in the UK exceeded those of Spain, USA, Germany and Sweden due to the high costs of rent, utility bills and groceries.
The data is based on the average monthly cost of property, utility bills and grocery shopping for a family with two children in 10 locations. MoneySuperMarket also ranked the costs against the countries’ average full time salary, to reveal the percentage of salary two working adults must put towards household expenses.
Popular expat destinations with lower living costs
With lower utility bills (£94.41 per month), heavily subsidised pre-school costs (£230.34) and a standard average monthly rent of £1,149.40, Sweden is the only country analysed where a single parent can comfortably afford to have two children, working out as 87 per cent of the average working salary. Based on two adults with two children it’s even more affordable, eating into less than half (43 per cent) of the combined salaries.
Global cost of raising a four-person family (all costs in GBP):
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