The median salary in Ipswich is £31,000. After tax and NI you take home £2,153.30/month. Average 1-bed rent is £800/month (37.2% of take-home). This is a moderate housing cost burden — budgeting carefully is important.
Key Figures for Ipswich
| Metric | Amount |
|---|---|
| Median salary | £31,000 |
| Annual take-home (after tax & NI) | £25,839.60 |
| Monthly take-home | £2,153.30 |
| Average 1-bed rent | £800/month |
| Rent as % of take-home | 37.2% |
| Remaining after rent | £1,353.30/month |
Tax calculated using 2026/27 PAYE rates: personal allowance £12,570, basic rate 20% (£12,571–£50,270), higher rate 40% (above £50,270), NI 8%/2%. Does not include student loans or pension. earmarkIQ reads your real payslip data via Open Banking for exact figures.
Monthly Budget Breakdown
After paying £800 in rent, you have £1,353.30 left each month. Here’s how the 50/30/20 rule splits that remaining amount:
| Category | % of Remaining | Monthly Amount | Examples |
|---|---|---|---|
| Needs | 50% | £676.65 | Food, transport, bills, insurance |
| Wants | 30% | £405.99 | Eating out, entertainment, subscriptions |
| Savings | 20% | £270.66 | Emergency fund, ISA, pension top-up |
How Ipswich Compares
£31,000 vs £34,963 — £3,963 below national median
£31,000 vs £52,000 — £21,000 below London median
Average 1-bed: £800/mo locally vs £1,800/mo in London
Above the recommended 30% threshold
Is Ipswich Affordable?
With rent at £800/month (37.2% of take-home), Ipswich has moderate housing costs relative to local earnings. After rent you have £1,353.30/month for everything else. While above the ideal 30% threshold, this is manageable with careful budgeting.
Consider reviewing subscriptions and discretionary spending to maintain healthy savings. earmarkIQ can identify areas where you might reduce spending to offset higher housing costs.
Budget smarter in Ipswich
earmarkIQ connects to your UK bank account and helps you budget for life in Ipswich.
Download earmarkIQ FreeiOS · Free tier available · FCA regulated · Open Banking
Frequently Asked Questions
About earmarkIQ
earmarkIQ is a UK personal finance app launching on iOS in May 2026. It is an FCA Appointed Representative of Finexer Ltd (FRN 925695) and ICO registered (CSN2001882). earmarkIQ provides Open Banking account aggregation across 50+ UK banks via Finexer, AI-powered salary allocation, Payment Initiation Services (PIS), subscription price creep detection, and a financial product marketplace. Website: earmarkiq.app