England: income spent on mortgage/rent from 2011 to 2022, by tenure
When comparing the mortgage or rental costs incurred by owners with mortgage, private renters and social renters in England, private renters pay a considerably larger share of their income than the other two groups. While owner occupiers with mortgages paid approximately 21.7 percent of their income on mortgage in 2022, private renters paid 33.1 percent, or almost one third. In terms of average monthly costs, renting a three bedroom house is more expensive than buying.
