London renters paying 65% of salary on rent (UK average is 34%)

Research data shows

Adam Saville
clock • 3 min read

More than the typical amount of cover available through income protection policies

On average, more than a third of renters' income (34%) is spent on rent in the UK, research by lettings platform Howsy has shown by comparing data from gov.uk and ONS. In London, the average cost of rent accounts for 65% of the average salary, with renters in Hackney on average paying a whopping 83% of their salary on rent, according to the research. In other areas, such as Brent, Newham and Southwark the average monthly rental spend is above 70%, and for Haringey, Barking & Dagenham and the City of London it is more than 60% of the average monthly salary - more than the amount of cov...

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