Friends Team Up to Combat the Financial Burden of Being Single

For many individuals, remaining single can significantly increase expenses related to housing, bills, and social activities, a phenomenon sometimes referred to as the 'singles tax.' However, some are finding innovative ways to mitigate these extra costs by teaming up with friends.

Leanne, who found herself single in her late twenties, initially believed her aspiration of buying a home in her hometown was out of reach. Despite a good salary, the cost of properties with desired features like a garden and parking was prohibitive for a solo buyer. Her early-stage relationship offered no immediate prospect of cohabitation. Meanwhile, her longtime friend Sarah, who was single and renting, also wished to return to her hometown but was concerned about affording a mortgage on her cabin crew salary.

When Sarah proposed they purchase a property together, Leanne was hesitant. After consulting with a mortgage advisor, they proceeded with the plan, which they credit with helping them avoid the financial disadvantages of single living. The cost of being single can vary, with estimates suggesting it could range from hundreds to thousands of pounds annually.

Unpartnered individuals often bear the full cost of rent or mortgage payments, household bills, and subscriptions. While a single person pays 25% less council tax than a couple, they do not receive a 50% reduction. Furthermore, numerous discounts and offers are geared towards couples, such as two-for-one cinema tickets, railcards for pairs, and joint gym memberships. Solo travelers also frequently encounter single supplements.

These financial challenges affect a substantial portion of the population. In 2024, approximately 18.5 million people, or 36.8% of the adult population, had never been married or in a civil partnership. Additionally, an estimated 8.6 million people lived alone in the UK last year, representing nearly a third of all households.