Rent for a one bedroom dwelling as a percentage of gross pay by London borough (October 2022 to September 2023)
Rent for a one bedroom dwelling as a percentage of gross pay by London borough (October 2022 to September 2023)
- Note
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Gross monthly pay is calculated as 1/12 annual pay in 2023. 'One Bedroom' monthly rents area recorded between October 2022 to September 2023. Median rent as a proportion of median gross pay, and lower quartile rent as a proportion of lower quartile gross pay. Please note, these figures do not show what proportion of income actual individuals or households spend on rent.
- Data source
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Private rental market statistics (October 2022 to September 2023), ONS and Annual Survey of Hours and Earnings (2023), ONS via NOMIS
- Chart source
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London's Poverty Profile 2023
In every London borough the average rent for a one-bedroom home on the private market is at least one third of median pre-tax pay in London. The average cost for a one-bedroom home is the equivalent of almost half (46%) the gross-median pay in London.
The least affordable boroughs are Westminster and Kensington and Chelsea, where it costs 75% and 73% respectively of the median London pay to rent a one-bedroom home on average. Outer London boroughs including Bexley, Havering, and Sutton have the lowest average rents, at around a third of earnings. In England as a whole, the average one-bedroom property is a quarter (25%) of average earnings.
