Households in the lower income quantiles in England in 2023 were more likely to own a household outright than to be currently buying with a mortgage. As the weekly gross income of a household goes up, so does the likelihood that it occupies a home purchased with a mortgage. Of households in the first quantile (lowest income), 5.6 percent were buying with a mortgage, compared to 39.9 percent in the fifth quantile (highest income).
Income distribution of households in England in 2023, by tenure
Characteristic
First quintile (lowest incomes)
Second quintile
Third quintile
Fourth quintile
Fifth quintile (highest incomes)
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Department for Communities and Local Government (UK). (December 14, 2023). Income distribution of households in England in 2023, by tenure [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/755791/household-tenures-by-income-bracket-england/
Department for Communities and Local Government (UK). "Income distribution of households in England in 2023, by tenure." Chart. December 14, 2023. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/755791/household-tenures-by-income-bracket-england/
Department for Communities and Local Government (UK). (2023). Income distribution of households in England in 2023, by tenure. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/755791/household-tenures-by-income-bracket-england/
Department for Communities and Local Government (UK). "Income Distribution of Households in England in 2023, by Tenure." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/755791/household-tenures-by-income-bracket-england/
Department for Communities and Local Government (UK), Income distribution of households in England in 2023, by tenure Statista, https://www.statista.com/statistics/755791/household-tenures-by-income-bracket-england/ (last visited July 23, 2024)
Income distribution of households in England in 2023, by tenure [Graph], Department for Communities and Local Government (UK), December 14, 2023. [Online]. Available: https://www.statista.com/statistics/755791/household-tenures-by-income-bracket-england/