Kensington and Chelsea had the highest median housing affordability ratio of 34.26 among the London boroughs. This was significantly higher than Westminster which ranked second with a median housing affordability ratio of 21.64. The difference between the median housing affordability ratios of the rest of the boroughs was gradually small. The lowest median housing affordability ratio in London was recorded in Barking and Dagenham. Housing affordability ratios in the different boroughs of London are directly affected by the house prices in the respective boroughs.
Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough
The source includes the following information,
"Housing affordability ratio refers to the ratio of median price paid for residential property to the median workplace-based gross annual earnings for full-time workers."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for National Statistics (UK). (March 22, 2023). Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK). "Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough." Chart. March 22, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK). (2023). Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK). "Median House Price to Income Ratio in London, United Kingdom (Uk) from 2021 to 2022, by Borough." Statista, Statista Inc., 22 Mar 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK), Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248364/median-housing-affordability-ratios-london-uk/ (last visited September 20, 2024)
Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough [Graph], Office for National Statistics (UK), March 22, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1248364/median-housing-affordability-ratios-london-uk/