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
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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 December 21, 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 December 21, 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: December 21, 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 December 21, 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/