New Times,
New Thinking.

  1. Chart of the Day
7 October 2021

How London renters are squeezed

Londoners spend nearly 40 per cent of their income on private rent.

By Saywah Mahmood

In London, renters can expect to spend just under 40 per cent of their income on private renting. This is based on figures from the Office for National Statistics (ONS), which looked at the percentage of income that renters with a median household income could expect to spend on renting a median-priced property in 2020.

The east Midlands saw renters paying the lowest percentage of their income on rent at 22 per cent. Many regions saw an increase in rental affordability with the proportion of renters’ income required to rent lower in 2020 than in 2015. Renters in the east of England saw the biggest reduction in affordability with the proportion of income spent on rent increasing from 23 per cent in 2015 to 26 per cent in 2020.

In 2015, renters in London were spending 4.6 percentage points more (42 per cent) of their income on rent. However, despite this, the percentage of income Londoners spend on rent is still above the figure of 30 per cent: the threshold that the ONS deems to be affordable.

[See also: Energy prices, petrol, rent and food: What’s driving the UK’s cost of living crisis?]

Select and enter your email address The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU

Content from our partners
ADHD in the criminal justice system: a case for change – with Takeda
The power of place in tackling climate change
Tackling the UK's biggest health challenges