Preston and Blackpool named among best places to live for graduates

It’s that time of year again where students decide where to study and Preston and Blackpool have both been named among some of the best places for graduates to live.

Preston and Blackpool ranked in joint third place in Compare The Market’s research.

Also in the top five are Bradford, which came out on top, as well as Kingston Upon Hull, Wolverhampton and Newport.

Blackpool has been named the joint third best UK location for graduates to live (Image: Getty Images)

Despite the research found that London offering the most jobs for graduates, is scored lowest in the best places to live for graduates.

Compare The Market carried out research to decipher which of the UK’s 30 most populated cities would be good or bad for graduates to move to.

It was based on a number of factors including the cost of a pint of a domestic beer, the number of graduate jobs, the price of a meal in an inexpensive restaurant and more.

The indexes used were given individual rankings which were added together to determine the overall score for each city.

Blackpool and Preston named among best places to live for graduates

The research found that Blackpool had 192 graduate jobs while Preston had 437.

A monthly transport pass was priced at £49.09 in Preston and £55 in Blackpool.

Basic utilities were found to cost £155.40 and £235.33 in Preston and Blackpool respectively.

A monthly gym membership is thought to cost £21.40 in Preston whereas Blackpool’s was priced at £28.57.

Preston was ranked in joint third place with Blackpool among the best places to live for graduates list (Image: Getty Images)

For those looking to rent a one-bedroom apartment outside the city centre, the research priced Preston at £425 and Blackpool at £391.67.

In Preston, there are 23,053 21-30-year-olds living in the city while in Blackpool, there are 16,443 people in the same aged bracket living there, according to the research.

Best places in the UK for graduates to live

1 - Bradford

2 - Kingston Upon Hull

=3 - Preston

=3 – Blackpool

4 – Wolverhampton

5 – Newport

6 – Sunderland

7 – Stoke-on-Trent

8 – Coventry

9 – Birmingham

10 – Derby

Anna McEntee at Comparethemarket said: “Starting a new job and moving to a new city can be such an exciting time, but you also need to make sure you feel comfortable where you live and find the right place to call home. 

“Whether you’re looking to rent or buy a home, it's important to ensure you have the right level of insurance to suit your needs. Tenants insurance, sometimes known as renters contents insurance, offers cover for your contents and personal belongings if you rent a property.

“Although it's not a legal requirement, while your landlord will take care of buildings insurance – and any contents they provide if the property is furnished – it’s up to you to insure your own belongings against theft and damage.

“Those opting to buy a house will need to think about both buildings insurance and contents insurance policies. You can buy buildings and contents insurance as two separate policies, or you can combine them into a single policy. If you’re looking to save money on your home insurance, a combined policy from one insurance provider could work out cheaper.”