Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 222222
Loughborough University

Centre for Research in Social Policy

Latest MIS results

MIS Results

MIS budgets show the cost of goods and services required as a minimum by households with given composition. They can be viewed in the following three forms:

1.       Income requirements at a glance. Use our online Minimum Income Calculator to see the current budgets for specified household types. The calculator not only shows weekly budgets, but also the level of earnings or pension income required to reach the minimum. The calculator can also be adjusted to change assumptions on variable costs such as rent and childcare, be used to show budgets for Inner and Outer London and show what someone on a given earnings level would have in disposable income, compared to the MIS budgets.

2.       Detailed lists of the goods and services on which budgets are based. Every four years, the budgets are compiled afresh with a costed set of items. The following pdfs show the latest lists for each main household type:

Working age no children, 2018: single female*; single male*; couple

Pension age, 2018: single female pensioner*; single male pensioner*; couple pensioner

Families with children, 2016:

couple+1 aged 0-1; couple + 2 aged 2-4, primary; couple +3 aged 2-4, primary, secondary; couple + 4 aged 0-1, 2-4, primary, secondary

lone parent + 1 aged 0-1; lone parent + 2 aged 2-4, primary; lone parent + 3 aged 2-4, primary, secondary

  *Single people’s budgets are calculated separately for male and female, then averaged when reporting the total for a single person.

3.     More detailed spreadsheets, useful for researchers and practitioners wishing to make calculations using the data, and to obtain figures over time. They come in two files:

Annual Budgets for eleven household types, for all years since 2008

- An Excel calculator allowing a wider range of budget calculations for the present year. Unlike the online calculator, they do not calculate earnings requirements, just minimum household budgets. The advantage over the online calculator is that results come in a spreadsheet that facilitates calculations that users may wish to make (for example, charities who wish to use MIS as a benchmark for assessing individual eligibility for grants).

  

Please note: The MIS budgets for single working age people and single pensioners are based on the average for both males and females in that category, so the single working age adult budget is the average of 'Single working age female'' and 'Single working age male' and the single pensioner budget is the average of 'Single female pensioner' and 'Single male pensioner'.

 

Centre for Research
in Social Policy

Department of Social Sciences
Loughborough University
Leicestershire
LE11 3TU

+44 (0)1509 223372

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