The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% of the take-home pay of a worker aged under 30, data from property firm Countrywide showed.
Those in London are typically handing over 57% of their monthly wages with the average rent on a one-bed property costing £1,133 in May, Countrywide said. The firm said tenants were responding to the higher costs by moving into house shares.
How much of your take home salary do you spend on rent? How does this affect other aspects of your life? What do you think should be done about it?
You can share your experiences by filling in our form below. Your contributions will be treated confidentially and some will be used in our ongoing reporting.
