image

Only London’s highest earners able to rent privately at affordable cost, ONS says

October 9, 2021
England
London
news
properties
Research
UK

According to data from the UK’s Office for National Statistics, only 25% of Londoners are able to privately rent a property at an affordable rate (defined as less than 30% of their income).

The data suggests that, in London, 38% of an average household’s income would be required to cover the average rent. This figure falls to 22% for the most affordable region in England (the east Midlands).

Across England as a whole, a household with a median income would need to spend 23% of its earnings to cover the median private rent. This figure increases to 38% for the bottom 25% of earners.