MIS budgets show the cost of goods and services required as a minimum for 13 different household types. They can be viewed in the following two forms:
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.
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:
2022 budget lists
2020 budget lists
2018 budget lists
*Single people’s budgets are calculated separately for male and female, then averaged when reporting the total for a single person.