Average resident earnings in Devon are £26,543, an increase of 12% on 2013. However, they are just 90% of the national average of £29,574 per annum. Workplace earnings are lower than resident earnings at £25,936 per annum, which is explained by residents commuting to other parts of the country for higher paid employment.
Gross Disposable Household Income (all income sources, including benefits and minus taxes) is close to the South West and National averages at £19,088. This suggests that the standard of living in Devon is similar to the rest of the country. However, the high cost of housing in Devon, and lower earnings, means the ratio of earnings to house prices is higher than the national average at 9.4 times average annual earnings.