GLASGOW has been crowned the number one city for millennials to live in the UK, beating 63 other cities including the nation's capital.

Using a combination of factors including work prospects, the cost of living and property prices, TotallyMoney has created a ranking system to determine which cities provide the best prospects for UK millennials.

Millennials, people born between the years 1981 and 1996, are faced with challenges such as: “The internet, global financial crises, rising house prices and the dreaded “B” word”, according to TotallyMoney.

But where they live in the UK can reportedly help mitigate these 21st century woes.

Glasgow took the top spot due to its average weekly wages, £526, its buzzing music culture and nightlife, as well as its well below average house prices. One-bedroom properties in Glasgow cost on average £90,466.

The rankings describe Scotland’s largest city as the perfect millennial stomping ground.

TotallyMoney said: “Career wise, Glasgow’s airport and university are the obvious places to look, but interestingly has also been identified as a hotspot for tech start-ups.

“Beyond work, Glasgow offers residents a buzzing cultural scene that includes the Kelvingrove Art Gallery and Museum, King Tut’s Wah Wah Hut (where Oasis were ‘discovered’) and of course, the Celtic and Rangers footie rivalry.”

The 16 factors TotallyMoney used to create their ranking also included graduate hiring rates, employment rates and the number of young people on benefits.

Glasgow equated for 5 per cent of graduate hires in the UK and has an employment rate of 70 per cent.

Coming in second on the nations rankings was London, with a £727 average weekly wage and 39 per cent of graduate hires.

Basildon in Essex came in 63rd place owing to just 2 per cent of graduates finding work in the city, and the poor extra-curricular activities on offer to young people.

James McCaffrey, spokesperson for credit experts TotallyMoney said: “There are some things millennials have had to adjust to that haven’t been experienced by past generations, and with this comes an entirely different set of priorities.

“Rising house prices, stagnant wages, and Brexit are just some of the hurdles this generation have to get over.

"But, that’s where our map could help, as it makes it much easier for millennials to find the places where those hurdles might be easier to jump.

“Of course, the rankings should be taken with a small pinch of salt, as some factors will be more important to some than others.

"Nevertheless, if there’s a particular area young people have on the brain, our map certainly makes it easier for them to consider elements they might not have thought about before."

Check out TotallyMoney's interactive guide here to see how other UK cities fared.