Londoners Spend More Than A Third Of Monthly Income On Rent

Londoners spend more than a third of their monthly salary on rent, a study has found. The "staggering" figure is more than three times as much as in other parts of the country, research revealed. Average monthly rent in London is now £836, just over 37 per cent of average wages, compared with Hull, where average rents are £227.68, around 11.6 per cent of wages, said jobs site CV-Library. Other cities with high rents included Brighton at £623 a month, 32 per cent of average wages, Edinburgh (£463, over 23 per cent), Bristol (£458, almost 22 per cent) and Southampton (£418, around 21.8 per cent). Read more on the Evening Standard website.

https://www.standard.co.uk/news/london/londoners-spend-more-than-a-third-of-monthly-income-on-rent-study-finds-a3743031.html