Thursday 24 September 2015

Tenants in England spend half their pay on rent | Money | The Guardian

Tenants in England spend half their pay on rent | Money | The Guardian


Rents in England are almost half of tenants’ average take-home pay, according to an official report on the state of the country’s housing.
Figures in the latest English Housing Survey, based on research in 2013-14, show that tenants paid an average of 47% of their net income in rent, while those who had taken out a mortgage faced repayments equal to 23% of their earnings after tax.
The report, which is the most comprehensive snapshot of England’s housing stock and how people are living in it, also showed that once housing benefit is stripped out of income, average rents are now more than half of average gross pay.

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