THE average family in Huddersfield needs to find almost £23,000 a year – just to cover the essentials of day-to-day life.
A study by Skipton Financial Services said the average household needs annual income of £22,772.25 to break-even.
The figure includes all essential spending such as mortgage or rent, utility bills, petrol and supermarket shopping, but not treats or luxuries like meals out, weekend breaks or holidays.
The findings follow a warning by Bank of England governor Mervyn King that families face further pressure on household expenses as inflation edges up over the next few years.
The study found that food shopping makes up the biggest cost for Yorkshire families – averaging £88 a week or £4,584 a year.
Mortgage and rent accounted for £3,966 while £2,639 goes on credit card/loan repayments, £2,380 on petrol and £2,114 on commuting.
Andrew Barker, managing director of Skipton Financial Services, said: “It is easy to understand why the large majority of Brits are so cash-strapped.
“While there has been some change in spending habits this year compared to last, families are still paying out more money on the food shopping than they are on their mortgage payments.
“Don’t forget that £22,772.25 is the figure Yorkshire families need to bring home so, once income tax and national insurance has been taken into account, a basic rate taxpayer would actually have to earn over £30,000.”