The hourly salary needed to rent in Britain
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Each pin shows how much you’d need to earn per hour to rent in that postcode (based on a single person working a 37.5 hour week and rent is 35% of income). Hover over or click on a pin to reveal the postcode.
Shelter recommends that rent should be no more than 35% of a tenant’s income. So to work out how much a hypothetical tenant would have to earn to live in each of Britain’s 2650 postcode districts we divided the average monthly rent for a postcode district by 0.35 to give us the tenant’s monthly salary. Then we divided that total by the average hours worked in a month (150) to show their hourly wage.
Top 10 most affordable British cities:
1. Bradford – £8.98
2. Durham – £9.47
3. Stoke-on-trent – £10.16
4. Carlisle – £10.23
5. Lincoln – £10.43
6. Wolverhampton – £10.52
7. Wakefield – £10.74
8. Dundee – £11.21
9. Newport – £11.22
10. Sunderland – £11.29
The 10 most expensive British cities:
1. London – £54.54
2. Oxford – £36.83
3. Bath – £28.30
4. Canterbury – £25.54
5. Winchester – £24.37
6. Edinburgh – £21.15
7. Bristol – £19.95
8. Cambridge – £19.81
9. Southampton – £19.69
10. Cardiff – £19.17
Top 10 most affordable British postcodes:
1. KA17 (Darvel) – £5.94
2. DG13 (Langholm) – £5.98
3. DG9 (Stranraer) – £6.17
4. KW12 (Halkirk) – £6.29
5. DG12 (Annan) – £6.36
6. DG4 (Sanquhar) – £6.38
7. SY17 (Llandinam) – £6.67
8. TS13 (Saltburn-by-the-Sea) – £6.67
9. HS2 (isle of Lewis) – £6.69
10. PA9 (Johnstone) – £6.69
Top 10 most affordable British postcodes:
SW1A (London) – £139.67
SW1E (London) – £139.67
SW1H (London) – £139.67
SW1P (London) – £139.67
SW1V (London) – £139.67
SW1W (London) – £139.67
SW1X (London) – £139.67
SW1Y (London) – £139.67
SW7 (London) – £124.43
W1B (London) – £119.45
Via web-blinds.com
Related post:
– Average London property prices (1995 – 2015)