We use necessary cookies that allow our site to work. We also set optional cookies that help us improve our website.
For more information about the types of cookies we use, and to manage your preferences, visit our Cookies policy here.

London rent as a percentage of gross pay

Rent for a one bedroom dwelling as a percentage of gross pay by London borough (October 2021 to September 2022)

In every London borough the average rent for a one-bedroom house or flat on the private market is at least one third of median pre-tax pay in London. The average cost for  a one-bedroom dwelling is the  equivalent of almost half (44%) the gross-median pay in London. 

The least affordable boroughs are Westminster, and Kensington and Chelsea in the centre of London, where it costs  73% and 69% respectively of the median London pay to rent a one-bedroom house or flat on average. Outer London boroughs including Havering, Croydon and Bexley have the lowest average rents, at 34% of earnings. In England as a whole, the average one-bedroom property is just over a quarter (25%) of average earnings.