Average renters in England are spending more than a third of their income on a home — with cities like London, Bristol and Brighton becoming less affordable, new figures show.
People earning a median salary could expect to spend 36.3 per cent of their income on an average-priced rented home in England in 2024, the Office for National Statistics (ONS) said.
This means rent prices were above the 30 per cent threshold that the ONS considers to be affordable.
It also marks an increase on the 33.1 per cent of household income that average renters were paying in 2023.
On the other hand, rents were below the 30 per cent threshold in Wales and Northern Ireland last year.
Affordability increased in Wales, from 26.3 per cent of an average renter’s income in 2023 to 25.9 per cent in 2024.
In Northern Ireland, rents were relatively flat with the ratio ticking up to 25.3 per cent from 25.1 per cent.
England’s average rent prices have consistently been driven higher by London, where renters can expect to pay a significantly higher proportion of their salary on a home.
It was the least affordable city with average rents of £1,957 per month across the capital, or 41.6 per cent of a typical renter’s income.
In the London borough of Kensington and Chelsea, average renters were spending nearly three quarters of their income on rent.
Outside of London, urban cities like Bristol, Bath, and Brighton, and commuter towns like Sevenoaks and Watford have risen above the 30 per cent threshold.
Across England, monthly rents averaged at £1,232 compared with £3,396 monthly household incomes.
Sarah Coles, head of personal finance for Hargreaves Lansdown, said: “Renters faced a horrible squeeze on their incomes, and there’s every sign it has got worse since.
“Landlords are continuing to sell up — concerned about higher costs from more regulation and more tax.
“It means more tenants chasing dwindling numbers of properties, so rents are continuing to rise.
“At the same time, although wages have risen impressively, they have been consistently outpaced by private rental increases.”
