38% of London boroughs uninhabitable for renters \u2013 here\u2019s the worst<\/b><\/p>\n
Our latest research has looked at just how hard it is to survive in the capital\u2019s rental market and where across London has become uninhabitable due to increasing rents and inadequate wage growth. <\/span><\/p>\n We looked at the average monthly income after tax for the residents in each borough excluding the City of London. We then calculated the basic outgoings that each person needs to live and work in the capital – the cost of renting a one bedroom flat, the cost of a travel ticket, a very basic food budget, electricity, water and gas, council tax and internet and phone bill. The research does not include other basic costs of living such as clothing or leisure spend. <\/span><\/p>\n The data shows that the cost of living in London accounts for all, or more, of the money on offer in 12 out of 32 London boroughs, with a further 13 seeing the cost of living account for 90% or more of the average wage. <\/span><\/p>\n London\u2019s most notoriously expensive borough tops the list as London\u2019s most uninhabitable, with Kensington and Chelsea home to a basic cost of living of \u00a32,452 a month, 117% of the average monthly net pay in the borough. <\/span><\/p>\n The London Borough of Brent isn\u2019t far behind, with the monthly cost of living reaching 116% of the average monthly pay of \u00a31,587 for those living in the borough. <\/span><\/p>\n Hackney, Hounslow, Enfield, Newham, Camden, Ealing, Haringey, Barnet, Waltham Forest and Barking and Dagenham are all also home to a cost of living that accounts for all, or more, of the average monthly earnings for those in the borough. <\/span><\/p>\n A further 13 boroughs saw the cost of living exceed 90% but there is some hope for the capital\u2019s tenants. <\/span><\/p>\n The cost of living in Bromley hit \u00a31,597, just 80% of the average monthly net income of \u00a32,002, making it the most affordable place to rent in London. <\/span><\/p>\n Wandsworth, Bexley, Havering, Croydon, Richmond and perhaps surprisingly, Hammersmith and Fulham, all saw the cost of living sit at below 90% of the monthly average wage for residents in these boroughs. <\/span><\/p>\n