3 ms·
> renters across the UK spend an average of 62 per cent of their income on rent > 40 per cent of renters pay more than 50 per cent of their incomes on rent I
by hanoz 9y ago
> renters across the UK spend an average of 62 per cent of their income on rent
> 40 per cent of renters pay more than 50 per cent of their incomes on rent
If 60% of renters pay less than 50% of their income, that leaves an infeasibly high number of renters paying at least 80% of their income, to make an average of 62%.
Much as I think the high cost of housing and woeful tenancy rights are an absolute disgrace in the UK, I can't take these figures at all seriously.
- rwnspace 9y agoAfter some digging around gov.uk and looking for the back of an envelope, median income seems to be around £24k, and median rent/mth differs wildly between London (£1500) and the rest of England (~£750); can't seem to find a recent source for median income (London) and median income (rest of England). After tax I shouldn't suppose median income across the UK exceeds £20k. An educated guess would suggest most people spend 40% of income on rent alone. Given the decline in real wages I would imagine living costs in total soak as high as 80% of after-tax income for many. No comment on the content of the article itself since others have critiqued it so nicely - the above is mildly informed speculation.