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Statistics/Where can I retire
Retirement by Location · 360 UK places · Published August 2026

Where Can I Retire?

It costs 3.4× more to retire in Kensington and Chelsea than in Inverclyde. We ranked 360 UK cities, towns and counties on the pot you would need plus the average local house price, to find the cheapest and most expensive places to spend retirement.

Last updated 04/08/2026360 places · 12 regions

The Headline Numbers

£505,154

Cheapest place to retire: Inverclyde

Scotland, house price £112,529

£1,729,405

Most expensive place to retire: Kensington and Chelsea

London, house price £1,256,680

North East

Cheapest region on average

Avg total net worth required: £536,316 across 12 locations

London

Most expensive region on average

Avg total net worth required: £1,047,048 across 33 locations

“Total net worth required” means the retirement pot the 25× rule says you need (after the State Pension), plus the average house price of the area, assuming you want to own your home outright.It is the fullest single number for “what does retiring here actually cost.”

The 10 Cheapest Places to Retire in the UK

Ranked by total net worth required: the retirement pot needed to fund local living costs on top of the State Pension, plus the average price of a home in the area. The cheapest ten are split across Scotland (6) and North East (4).

Cheapest 10 UK Places to Retire

#LocationRegionAvg house priceRetirement pot neededTotal net worth required
1Inverclyde(town)Scotland£112,529£392,625£505,154
2County Durham(county)North East£135,767£373,825£509,592
3Hartlepool(town)North East£136,532£373,825£510,357
4Middlesbrough(town)North East£138,207£373,825£512,032
5Sunderland(town)North East£145,546£373,825£519,371
6West Dunbartonshire(town)Scotland£127,161£392,625£519,786
7East Ayrshire(town)Scotland£128,845£392,625£521,470
8North Ayrshire(town)Scotland£130,233£392,625£522,858
9Aberdeen(city)Scotland£133,906£392,625£526,531
10Dundee(city)Scotland£134,392£392,625£527,017
Source: Delphina locations dataset, 360 UK cities, towns and counties. Figures reflect averages, not personal circumstances.

The 10 Most Expensive Places to Retire in the UK

The ten most expensive places to retire are split across London (5), South East (3) and East of England (2), driven almost entirely by house prices rather than day-to-day living costs.

Most Expensive 10 UK Places to Retire

#LocationRegionAvg house priceRetirement pot neededTotal net worth required
1Kensington and Chelsea(city)London£1,256,680£472,725£1,729,405
2Elmbridge(town)South East£759,229£641,150£1,400,379
3Westminster(city)London£844,095£472,725£1,316,820
4St Albans(city)East of England£633,319£626,425£1,259,744
5Richmond upon Thames(city)London£785,897£472,725£1,258,622
6Camden(city)London£772,336£472,725£1,245,061
7Three Rivers(town)East of England£594,115£626,425£1,220,540
8Windsor and Maidenhead(city)South East£572,790£641,150£1,213,940
9Mole Valley(town)South East£562,284£641,150£1,203,434
10Hammersmith and Fulham(city)London£730,674£472,725£1,203,399
Source: Delphina locations dataset, 360 UK cities, towns and counties. Figures reflect averages, not personal circumstances.

Cheapest and Most Expensive Regions in the UK

Zooming out from individual places to all 12 UK regions in our cost-of-living data, retiring in London requires £510,732 more on average than retiring in North East, 2.0× the total net worth required.

All 12 UK Regions, Cheapest to Most Expensive

#RegionLocationsAvg annual living costsAvg total net worth required
1North East12£27,501£536,316
2Scotland32£28,253£578,657
3North West35£29,953£648,164
4Yorkshire and the Humber15£31,457£675,935
5Wales22£31,359£683,287
6East Midlands35£30,444£692,917
7West Midlands30£31,065£724,105
8Northern Ireland11£33,943£734,349
9South West26£36,461£904,202
10East of England45£37,605£988,018
11South East64£38,194£1,033,604
12London33£31,457£1,047,048

What Is Driving the Gap?

House prices, mostly

The retirement pot component is driven by local living costs and varies far less than house prices, which move street by street. That is why 5 of the ten most expensive places to retire sit in London: Kensington and Chelsea alone has an average house price £896,001 above the cheapest place in the same region, even though every location there needs roughly the same retirement pot.

Renting changes the maths

These figures assume you want to own your home outright in retirement. Strip out the average house price and just compare living costs between North East and London: the gap drops from 2.0× to 1.3×, since it is then driven only by day-to-day living costs, not property.

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Methodology, Sources & How to Cite

How the numbers are built

  • Annual living costs = the Pensions UK Retirement Living Standard for a single person at the moderate level (£32,700/year UK-wide), scaled by a regional index of day-to-day household spending.
  • Retirement pot needed = (annual living costs − State Pension) × 25, applying the 4% safe withdrawal rate (the 25× rule) to the gap left after the £12,548/year full new State Pension (2026/27).
  • Total net worth required = retirement pot needed + average local house price, assuming a mortgage-free home in retirement.
  • Housing is counted once. The regional index excludes housing, fuel and power, because property cost enters through the local house price. That is why London sits close to the UK average on day-to-day spending yet remains by far the most expensive place to retire.
  • Regional averages are the mean across every location we hold data for within that region, 360 locations in total.

Primary sources

How to Cite This Page

Where Can I Retire? Cheapest and Most Expensive UK Places 2026. Delphina. www.delphina.money/stats/where-can-i-retire. Compiled by Syd Lawrence, founder of Delphina.

These are averages. Your life is not.

House prices and living costs are only two inputs. Your actual pensions, savings and spending are what decide whether you can afford to retire where you want to. See where you stand with your real figures.

Cite These Stats

Where Can I Retire? Cheapest and Most Expensive UK Places 2026. Delphina. www.delphina.money/stats/where-can-i-retire

Sources: ONS UK House Price Index, May 2026; ONS Family Spending, expenditure by region (FYE 2025); Pensions UK Retirement Living Standards, 2026; DWP, new State Pension rates, 2026/27; Delphina locations dataset (360 UK places).

Compiled by Syd Lawrence, founder of Delphina. Last updated 4 August 2026.