Loughborough
Households in poverty in Loughborough pay on average £429 a year in poverty premiums. This is vital money that people on low incomes could be spending in their local economies and helping them keep their heads above water in the cost-of-living crisis.
The impact on Loughborough
£3.40
Million
Total cost of the poverty premium across the constituency
£429
The average additional cost each affected household in poverty pays per year
96%
What proportion of households in poverty pay a poverty premium?
123rd
out of 632
Where does my constituency rank for mean cost of poverty premium per affected household?
1 = highest average poverty premium
7
Average deprivation level across the constituency
Areas are scored from 1 to 10.
1 = most deprived
10 = the least deprived
8,300
How many households are living in poverty?
How much more are people in poverty paying based on the different types of premium in Loughborough?
£157
Energy poverty premium
paid by 62.50% of households in poverty
£309
Food poverty premium
paid by 40.40% of households in poverty
£163
Insurance poverty premium
paid by 62.30% of households in poverty
£167
Credit poverty premium
paid by 27.00% of households in poverty
The National Picture
Below is a breakdown of the poverty premium at a national level.
£2.8
Billion
The total cost of the poverty premium to the british economy
95%
of households in poverty across britain pay a poverty premium
£380
The average additional cost each low-income household pays per year
Loughborough Wards
Other East Midlands constituencies
Further information
For further information download our briefing or get in touch via fbd@barrowcadbury.org.uk to speak to our team about the findings.