The average cost of rent to household income ratio increased in most regions in the United Kingdom (UK) between July 2023 and July 2024. London had the highest household rent to income ratio, but in the North East, the increase was most dramatic.
Greater London is the most expensive region for renters
Greater London has a considerably higher rent than the rest of the UK regions. In 2024, the average rental cost in Greater London was more than twice higher than in the North West or West Midlands. Compared with Greater London, rent in the South East region was about 600 British pounds cheaper.
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Home Let. (August 3, 2024). Ratio of household rent to income in the United Kingdom (UK) in July 2023 and July 2024, by region [Graph]. In Statista. Retrieved October 15, 2024, from https://www.statista.com/statistics/752217/household-rent-to-income-ratio-by-region-uk/
Home Let. "Ratio of household rent to income in the United Kingdom (UK) in July 2023 and July 2024, by region ." Chart. August 3, 2024. Statista. Accessed October 15, 2024. https://www.statista.com/statistics/752217/household-rent-to-income-ratio-by-region-uk/
Home Let. (2024). Ratio of household rent to income in the United Kingdom (UK) in July 2023 and July 2024, by region . Statista. Statista Inc.. Accessed: October 15, 2024. https://www.statista.com/statistics/752217/household-rent-to-income-ratio-by-region-uk/
Home Let. "Ratio of Household Rent to Income in The United Kingdom (Uk) in July 2023 and July 2024, by Region ." Statista, Statista Inc., 3 Aug 2024, https://www.statista.com/statistics/752217/household-rent-to-income-ratio-by-region-uk/
Home Let, Ratio of household rent to income in the United Kingdom (UK) in July 2023 and July 2024, by region Statista, https://www.statista.com/statistics/752217/household-rent-to-income-ratio-by-region-uk/ (last visited October 15, 2024)
Ratio of household rent to income in the United Kingdom (UK) in July 2023 and July 2024, by region [Graph], Home Let, August 3, 2024. [Online]. Available: https://www.statista.com/statistics/752217/household-rent-to-income-ratio-by-region-uk/