Limerick is one of Ireland’s most affordable destinations to live and work in, with the median house price in Limerick 26% lower than the national level in June 2020.
Limerick was named the 4th most affordable place to buy a home in an in an International Housing Affordability Survey of 297 cities across nine countries carried out by Demographia.
Median house prices in Limerick €44,557 lower than national level
As ‘THE’ rising star of Irish urban economies, Limerick benefits from very competitive house prices, with the median house cost in Q2 2020 at €181,540 compared to €226,097 nationally.
Limerick is the only Irish city, apart from Dublin, where disposable incomes are greater than the national average. This means that first time buyers in Limerick are in a relatively stronger position to borrow to buy a house or apartment than their equivalents in Dublin.
Average rents in Limerick City and County €184 and €497 respectively, cheaper than the national average
According to Daft.ie, the average national monthly rent was €1,402 in June 2020, while the most recent data for Limerick shows the equivalent average monthly rent as €1,216 for the city and €928 for the county.
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Source: Limerick Economic Monitor