Is Life Really Cheaper in the North?
Traditionally, it’s been believed that life is more affordable in the North, attracting shoppers from the south seeking bargains. However, with recent challenges like Brexit, the pandemic, and a cost-of-living crisis, the reality may have shifted.
Eamonn Connolly, manager of Newry Business Improvement District, notes a 25% footfall from the south, with visitors making bulk purchases for specific items like baby products and alcohol.
While minimum unit pricing in the Republic increased alcohol prices, Northern Ireland is still without this regulation, leading to a surge in alcohol sales in Newry.
Despite perceived bargains, mortgage adviser Anthony Reavey highlights higher salaries in the Republic, driving some southerners to seek homes in the North for affordability.
However, rising house prices, competitive rental market, and inflated childcare costs pose challenges. Economic inactivity and poverty levels underscore the complex financial landscape in both regions.
In conclusion, who is better off, north or south, remains subjective and depends on individual circumstances.
Our Lives in the North podcast series explores these dynamic economic realities, offering insights into the daily struggles and triumphs of Northern residents.