Kensington and Chelsea had the highest median housing affordability ratio of 34.26 among the London boroughs. This was significantly higher than Westminster which ranked second with a median housing affordability ratio of 21.64. The difference between the median housing affordability ratios of the rest of the boroughs was gradually small. The lowest median housing affordability ratio in London was recorded in Barking and Dagenham. Housing affordability ratios in the different boroughs of London are directly affected by the house prices in the respective boroughs.
Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough
The source includes the following information,
"Housing affordability ratio refers to the ratio of median price paid for residential property to the median workplace-based gross annual earnings for full-time workers."
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Office for National Statistics (UK). (March 22, 2023). Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK). "Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough." Chart. March 22, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK). (2023). Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK). "Median House Price to Income Ratio in London, United Kingdom (Uk) from 2021 to 2022, by Borough." Statista, Statista Inc., 22 Mar 2023, https://www.statista.com/statistics/1248364/median-housing-affordability-ratios-london-uk/
Office for National Statistics (UK), Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough Statista, https://www.statista.com/statistics/1248364/median-housing-affordability-ratios-london-uk/ (last visited December 22, 2024)
Median house price to income ratio in London, United Kingdom (UK) from 2021 to 2022, by borough [Graph], Office for National Statistics (UK), March 22, 2023. [Online]. Available: https://www.statista.com/statistics/1248364/median-housing-affordability-ratios-london-uk/
