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Cost of Living: Vulnerable Households

This dataset captures the relative risk of households falling below an acceptable standard of living as a result of rising costs. The indicator is presented as a score with a higher score indicating higher vulnerability. The cost of living is calculated using the 2021 Minimum Income Standard (MIS) developed at Loughborough University's Centre for Research in Social Policy (CRSP). The Minimum Income Standard (MIS) presents a vision of the living standards that we, as a society, consider everyone in the UK should be able to achieve, based on what members of the public think we all need for an acceptable minimum standard of living.

The 2021 MIS thresholds have been upweighted by applying the Consumer Prices Index including owner occupiers’ housing costs (CPIH) inflation figure between April 2021 and March 2022 to reflect the rising living costs over the last 12 months.


An MIS score has been applied to each local area based on their household
characteristics (including number and ages of adults and children in the
household). This has been matched against local equivalised household incomes 
to measure the extent to which households are falling below the MIS and therefore below the ‘acceptable’ standard of living threshold due to rising

living costs.

 

Buckinghamshire’s score is lower than the South East and England, however there are ward areas which record scores higher than the national score. These wards include Booker, Cressex and Castlefield, Abbey, Aylesbury North, North-West and South-West and Chesham. These areas have been identified as being populated with households which are at relative risk of falling below an acceptable standard of living as a result of rising costs.

 

Cost of Living: Vulnerable households indicator (2022) – higher score means higher risk

 

 

  • England – 1.50
  • South East – 1.22
  • Buckinghamshire – 1.10

Cost of Living: Vulnerable Households

Cost of Living vulnerable households indicator (2022)

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