Official figures indicate that renting homes in England has become increasingly unaffordable, with tenants spending an average of 36.3% of their income on rent in 2024, a rise from 34.2% in 2023. In London, the average rent reaches 41.6% of income. Many areas exceed the considered affordable threshold of 30%. London consistently ranked as the least affordable region, particularly Kensington and Chelsea, where renters pay 74.3% of their income. Outside London, Bristol and Trafford show high percentages as well, with rents rising faster than wages, fueling a growing affordability crisis.
The average tenant now spends 36.3% of their income on rent, highlighting a significant increase from 34.2% in the previous year, which indicates a worsening affordability crisis for renters.
In London, tenants spend 41.6% of their income on average rents of £1,957 per month, making it the least affordable region in England, with the top council areas exceeding the 30% affordability threshold.
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