Where are the top neighbourhoods to live for someone on an average salary in London?
We delved into what the average salary is (£34,565) and the average % of salary that goes into rent (72%) – yes, it is that high (and ridiculous, if you ask us) !
We then took those numbers, plugged them into Liveable taking into account a couple of assumptions:
- Affordability is Very Important with a maximum rent of £500, looking at shared accommodation and 1 bedroom places.
- Commute is Very Important and we are commuting to Bank with a time no more than 30 mins.
- Going Out, Convenience and Safety are all Important to us.
The top 10 neighbourhoods were (with median 1 bedroom rent per week):
- St Dunstan’s (£190/wk)
- King’s Cross (£294/wk)
- Spitalfields & Banglatown (£325/wk)
- Bunhill (£515/wk)
- Haverstock (£180/wk)
- St Peter’s (£283/wk)
- Prince’s (£185/wk)
- Weavers (£340/wk)
- Holborn and Covent Garden (£505/wk)
- Barnsbury (£387/wk)
The good news is in the top 3 neighbourhoods, median weekly rents are well below 72% of the average salary earned in London, which means that they are still some “bargains” to be had.
The full results including property listings are available at http://bit.ly/2jmD8fi
Feel free to change the preferences accordingly to best fit your needs.