Most expensive place to retire ranked with northern city named priciest for retirees outside of London

Those looking to retire in London would need to have an average retirement pot of £187,020 over 15 years post-retirement, or £423,912 if they live to 100.

Despite the North of England standing out in the top 20 most affordable places to retire, Leeds is the most expensive place to retire in the UK outside of London.

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The research, by money experts at the personal loan company Sambla, found the cost of living in Leeds is £843 per person per month before rent.

Retirees living in the city would typically need a retirement fund of £151,740, or £343,944 if they lived to 100.

The City of Westminster, Maidstone, and Birmingham made up the rest of the top five most expensive UK places to retire.

Sambla compared the cost of living before rent in the UK's top 100 most populated towns and cities, with the current retirement age of 66 and average life expectancy, to determine the most expensive and affordable places for Britons to retire in the UK.

The South East of England was found to be a particularly expensive part of the UK for retirement, with seven out of the top 20 towns on the list located there.

This includes Greater London, City of Westminster, Maidstone, Chelmsford, Eastbourne, Brighton and Worthing.

At the other end of the scale, St Helens was ranked as the most affordable place to retire in the UK, with a cost of living of £565 per person per month, before rent.

The retirement fund typically needed would be £101,718 or £230,561 if a person lived to 100, the money experts found.

With a cost of living of £583 per person per month before rent, Rochdale is the second cheapest place to retire, while Preston was just behind with £584.

The Top 20 Most Expensive Places to Retire in the UK

London

• Cost of living pp/pm: £1,039
• Retirement fund: £187,020
• Retirement fund (if lived to 100): £423,912

Leeds

• Cost of living pp/pm: £843
• Retirement fund: £151,740
• Retirement fund (if lived to 100): £343,944

City of Westminster

• Cost of living pp/pm: £835
• Retirement fund: £150,300
• Retirement fund (if lived to 100): £340,680

Maidstone

• Cost of living pp/pm: £832
• Retirement fund: £149,760
• Retirement fund (if lived to 100): £339,456

Birmingham

• Cost of living pp/pm: £816
• Retirement fund: £146,880
• Retirement fund (if lived to 100): £332,928

Lincoln

• Cost of living pp/pm: £810
• Retirement fund: £145,800
• Retirement fund (if lived to 100): £330,480

Chelmsford

• Cost of living pp/pm: £806
• Retirement fund: £145,080
• Retirement fund (if lived to 100): £328,848

Manchester

• Cost of living pp/pm: £790
• Retirement fund: £142,200
• Retirement fund (if lived to 100): £322,320

Milton Keynes

• Cost of living pp/pm: £789
• Retirement fund: £142,020
• Retirement fund (if lived to 100): £321,912

Cambridge

• Cost of living pp/pm: £789
• Retirement fund: £142,020
• Retirement fund (if lived to 100): £321,912

Bath

• Cost of living pp/pm: £785
• Retirement fund: £141,300
• Retirement fund (if lived to 100): £320,280

Eastbourne

• Cost of living pp/pm: £777
• Retirement fund: £139,860
• Retirement fund (if lived to 100): £317,016

Liverpool

• Cost of living pp/pm: £774
• Retirement fund: £139,320
• Retirement fund (if lived to 100): £315,792

Glasgow

• Cost of living pp/pm: £767
• Retirement fund: £138,060
• Retirement fund (if lived to 100): £312,936

Woking

• Cost of living pp/pm: £766
• Retirement fund: £137,898
• Retirement fund (if lived to 100): £312,569

Reading

• Cost of living pp/pm: £763
• Retirement fund: £137,340
• Retirement fund (if lived to 100): £311,304

Bristol

• Cost of living pp/pm: £762
• Retirement fund: £137,160
• Retirement fund (if lived to 100): £310,896

Brighton

• Cost of living pp/pm: £762
• Retirement fund: £137,160
• Retirement fund (if lived to 100): £310,896

Worthing

• Cost of living pp/pm: £759
• Retirement fund: £136,620
• Retirement fund (if lived to 100): £309,672

• Cost of living pp/pm: £9,096
• Retirement fund: £136,440
• Retirement fund (if lived to 100): £309,264

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The Top 20 Most Affordable Places to Retire in the UK

St Helens

• Cost of living pp/pm: £565
• Retirement fund: £101,718
• Retirement fund (if lived to 100): £230,561

Rochdale

• Cost of living pp/pm: £583
• Retirement fund: £104,922
• Retirement fund (if lived to 100): £237,823

Preston

• Cost of living pp/pm: £584
• Retirement fund: £105,156
• Retirement fund (if lived to 100): £238,354

Harlow

• Cost of living pp/pm: £589
• Retirement fund: £105,930
• Retirement fund (if lived to 100): £240,108

Blackburn

• Cost of living pp/pm: £598
• Retirement fund: £107,640
• Retirement fund (if lived to 100): £243,984

Kingston upon Hull

• Cost of living pp/pm: £610
• Retirement fund: £109,764
• Retirement fund (if lived to 100): £248,798

Rotherham

• Cost of living pp/pm: £625
• Retirement fund: £112,500
• Retirement fund (if lived to 100): £255,000

Wigan

• Cost of living pp/pm: £630
• Retirement fund: £113,382
• Retirement fund (if lived to 100): £256,999

Bolton

• Cost of living pp/pm: £634
• Retirement fund: £114,120
• Retirement fund (if lived to 100): £258,672

Oldham

• Cost of living pp/pm: £635
• Retirement fund: £114,300
• Retirement fund (if lived to 100): £259,080

Warrington

• Cost of living pp/pm: £636
• Retirement fund: £114,480
• Retirement fund (if lived to 100): £259,488

Dudley

• Cost of living pp/pm: £644
• Retirement fund: £115,920
• Retirement fund (if lived to 100): £262,752

West Bromwich

• Cost of living pp/pm: £645
• Retirement fund: £116,100
• Retirement fund (if lived to 100): £263,160

Doncaster

• Cost of living pp/pm: £647
• Retirement fund: £116,460
• Retirement fund (if lived to 100): £263,976

Aberdeen

• Cost of living pp/pm: £650
• Retirement fund: £117,000
• Retirement fund (if lived to 100): £265,200

Sunderland

• Cost of living pp/pm: £652
• Retirement fund: £117,360
• Retirement fund (if lived to 100): £266,016

Slough

• Cost of living pp/pm: £654
• Retirement fund: £117,720
• Retirement fund (if lived to 100): £266,832

Telford

• Cost of living pp/pm: £654
• Retirement fund: £117,720
• Retirement fund (if lived to 100): £266,832

Chester

• Cost of living pp/pm: £655
• Retirement fund: £117,954
• Retirement fund (if lived to 100): £267,362

Bradford

• Cost of living pp/pm: £657
• Retirement fund: £118,260
• Retirement fund (if lived to 100): £268,056