Data revealed by property websiteOnTheMarket.com has shown that, for those renting in London, Camden is the borough where tenants are spending the highest percentage of their salary on rent.
The data has revealed that when renting a one bedroom property in Camden, 61% (£1,944.28) of the average person’s salary within the borough is spent on rental costs, for a two bed the percentage is 46% (£1,471.05), for a three bed it is 51% (£1,614.44) and for a four bed it is 60% (£1,911.65). These percentages are based on one person per bedroom. The average gross salary of a person living in Camden is £3,181.17 per month, regardless of where they work.
This data does not show Camden is the most expensive London borough to rent a property. Instead it shows Camden is the borough where tenants are spending the largest percentage of their salary on rent out of all the London boroughs in relation to what the average salary is for that specific borough.
Kingston upon Thames is revealed as the borough where tenants spend the lowest percentage of their salary on rent across the capital. The average gross salary of a person living in Kingston upon Thames is £4,352.78 per month regardless of where they work.
When renting a one bed property in Kingston, the percentage spent on rent is 25% (£1,099.15), a two bed 17% (£740.65), a three bed 15% (£648.55) and a four bed 14% (£627.40). This assumes the scenario of one person per bedroom.