Friday, 04 September 2015

Tenants need £23k salary

Tenants will have to earn an average salary of £23,100 to meet the government’s new ‘affordable’ rent, research by Hometrack has revealed.

The consultancy also found huge variations in the average income tenants will need to afford a home under the new regime - from £44,500 in London to £16,000 in the north east.

Average income required for affordable rent

REGION INCOME
London £44,500
South east £26,500
East £23,100
South west £21,100
West midlands £18,000
East midlands £17,000
Yorkshire / Humber £16,800
North west £16,800
North east £16,000

Readers' comments

Comments are only open to subscribers of Inside Housing

Already a subscriber?

If you’re already a subscriber to Inside Housing, your subscription may not be linked to your online account. You can link your subscription from within the My Account section of the website and clicking on Link My Account.

Not yet a subscriber?

If you don't yet subscribe to Inside Housing, please visit our subscription page to view our various subscription packages.

Have your say

You must sign in to make a comment

sign in register

Newsletter Sign-up

Related

Articles

IH Subscription