RENT AS A PERCENTAGE OF AVERAGE INCOMES
A useful survey below.
Rank |
Region |
Median weekly income (£) |
Median weekly rent (£) |
% of income that goes to rent |
1 |
North East |
490.60 |
115.38 |
23.5% |
2 |
Wales |
446.20 |
121.15 |
27.2% |
3 |
Yorkshire and the Humber |
499.40 |
138.46 |
27.7% |
4 |
North West |
504.50 |
140.77 |
27.9% |
5 |
East Midlands |
505.10 |
150.00 |
29.7% |
6 |
West Midlands |
516.20 |
155.77 |
30.2% |
7 |
Scotland |
528.60 |
169.85 |
32.1% |
8 |
South West |
507.40 |
183.46 |
36.2% |
9 |
East |
549.10 |
201.92 |
36.8% |
10 |
South East |
568.80 |
229.62 |
40.4% |
11 |
London |
645.80 |
346.15 |
53.6% |
Please find the full data breakdown of all regions and local authorities analysed within this data sheet, alongside a graphic here.
Alan Boswell Landlord Building Insurance experts can reveal that residents from the North East are spending the least of their wages on rent, amounting to only 23.5%. This is 8.6% less than its neighbouring Scottish residents (32.1%) and 4% less than the North West at 27.9%.
Wales places second best, with 27.2% of resident’s income being spent on rent. Whilst its bordering region, the West Midlands, are spending more (30.2%).
Renters in Yorkshire and the Humber region are spending the third least on rent (27.7%), enabling their income to go much further in comparison to their neighbours in East Midlands (29.7%).
Whilst the renting crisis is UK-wide, London residents are spending the largest proportion of their weekly income on rent at a startling 53.6% – exceeding more than half of their wage on average.
% of income spent on rent by country:
Rank |
Country |
Median weekly income (£) |
Median weekly rent (£) |
% of income that goes to rent |
1 |
Wales |
446.20 |
121.15 |
27.2% |
2 |
Scotland |
528.60 |
169.85 |
32.1% |
3 |
England |
536.60 |
183.00 |
34.1% |
Welsh residents are spending 27.2% of their income on rent – the lowest proportion overall, whilst renters in England are spending the most on average (34.1%).
Heath Alexander-Bew, director of personal lines at Alan Boswell Landlord Building Insurance experts, provided a few tips to help ease the rising cost of living:
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