How Much Does it Cost to Retire in Devon?

Want to retire in Devon? Your retirement in Devon combines charming rural views, small towns, and lively urban centres. This beautiful country offers a mix of coastal charm, countryside tranquillity, and vibrant city life, making it an attractive destination for retirees. However, the dream of a peaceful retirement in Devon comes with financial considerations. But what is the actual cost of retiring in Devon? 

The cost of retirement in Devon varies based on your lifestyle and housing choices. The average house price is around £300,000 but can be higher in popular areas like Exeter or Torquay. Monthly expenses, including utilities, groceries, and healthcare, should be carefully budgeted as they can add up quickly. Many retirees also enjoy local attractions, dining, and cultural events, which should be factored into your overall retirement budget.

Here’s a detailed breakdown to help you plan your retirement budget effectively.

Cost to Retire in Devon: Accommodation Costs

Accommodation is crucial in any retirement plan, and costs in Devon vary widely. For example, in Exeter, a significant city in Devon, rent prices differ significantly by location. To make informed decisions about your retirement housing, consider seeking advice from financial experts at, who can provide insights tailored to your needs.

  • 1 Bedroom Apartment in the City Centre – £750 – £1,000 per month
  • 1 Bedroom Apartment outside the City Centre – £600 – £800 per month
  • 3 Bedroom House in the City Centre – £1,200 – £1,300 per month
  • 3 Bedroom House outside the City Centre – £1,000 – £1,300 per month

For prospective buyers, the average Exeter property costs around £300,000. Coastal areas like Salcombe and Dartmouth are pricier, while inland towns like Tiverton and Okehampton offer more affordable options.

Cost of Living

Besides housing, the cost of living in Devon includes groceries, dining, healthcare, and transportation. Here’s a look at the average monthly expenses for a comfortable lifestyle in these categories.

  • Groceries for two – £300 – £400
  • Dining out (Occasionally) – £100 – £200
  • Healthcare (NHS Private Insurance Contributions) – £50 – £150
  • Transportation (Car Expenses and Public Transport) – £100 – £200
  • Entertainment and Leisure – £100 – £200


The average household in Devon pays £150 to £200 a month for utilities, including electricity, gas, water, and internet. These costs vary by home size and usage. While utility costs may fluctuate, living comfortably in Devon remains affordable. Here’s a look at the monthly utility expenses.

  • Electricity and Gas – £80 to £120
  • Water – £20 to £30
  • Internet and TV – £30 to £50
  • Mobile Phone – £10 to £30


Imagine owning your home and budgeting for regular upkeep. Annual maintenance, gardening, and miscellaneous expenses typically range from £1,000 to £2,000, ensuring your property remains in top condition year-round.

Living Expenses

Here are the living expenses to know:

  • Groceries and Dining Costs

UK household spending has risen sharply. In Devon, a couple typically spends £300-£400 monthly on groceries. Pub meals cost £15-£20 per person, with higher-end restaurants charging more. Local markets offer fresh produce at competitive prices, helping to manage the food budget effectively.

  • Transportation Costs

Public transport in Devon is highly affordable, with bus travel typically costing around £50 a month. In contrast, car ownership ranges from £200 to £300 a month, including fuel, insurance, and maintenance. Using public transport can significantly reduce your monthly expenses.

Healthcare Costs

The National Health Service is the UK’s primary healthcare provider, but some retirees opt for private insurance, which costs about £150-£200 per month based on coverage and age. Private healthcare offers quicker access to specialists and treatments.

Leisure and Recreation Costs

Entertainment and leisure activities are vital for a balanced lifestyle. In Devon, joining a local club or gym costs £30-£50 monthly. Golf enthusiasts can expect annual membership fees of £500 to £1,000. Devon’s scenic beauty also offers numerous opportunities for hiking and cycling.

Social Activities

Devon offers a variety of social activities and events, with cities hosting vibrant groups and organisations for all interests. The plan is to allocate £50-£100 monthly to participate in these activities.

Additional Expenses

Other costs include council tax, house maintenance, and personal expenses. Here are the annual additional costs:

  • Council Tax – £1,200 – £2,000
  • House Maintenance – £500 – £1,000
  • Personal Expenses – £500 – £1,000

Why Retire in Devon?

When approaching retirement age, consider where you want to live. Beyond financials, Devon offers a wide range of benefits for retirees. Its scenic beauty, good healthcare, and warm community make Devon an ideal retirement destination. Here are the seven  reasons:

  1. The Beaches
  2. The Moors
  3. Honiton
  4. The History
  5. The Beautiful Walks
  6. The Food and Shopping Opportunities
  7. Otter Valley Park


Retirement in Devon can be both cost-effective and rewarding. Many choose Devon for its stunning scenery, friendly community, and affordable living costs. With careful planning, you can enjoy a fulfilling retirement in this beautiful part of the UK.

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