Needham Market
Households in poverty in Needham Market pay on average £354 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 Needham Market
£172,031
Total cost of the poverty premium across the ward
£354
The average additional cost each affected household in poverty pays per year
96%
What proportion of households in poverty pay a poverty premium?
5272nd
out of 7900
Where does my ward rank for mean cost of poverty premium per affected household?
1 = highest average poverty premium
486
How many households are living in poverty?
7
Average deprivation level across the ward
Areas are scored from 1 to 10.
1 = most deprived
10 = the least deprived
How much more are people in poverty paying based on the different types of premium in Needham Market?
£152
Energy poverty premium
paid by 61% of households in poverty
£274
Food poverty premium
paid by 35% of households in poverty
£120
Insurance poverty premium
paid by 59% of households in poverty
£138
Credit poverty premium
paid by 23% 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
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.