Only one area in England, Wales and Northern Ireland had unaffordable hire, in accordance with official figures.

On common, Londoners paid 35% of their family earnings on hire within the yr to March 2022, a proportion that the Office of National Statistics (ONS) lessons as unaffordable.

That % of earnings was equal to £1,450.

Two areas had been stated to be probably the most inexpensive: Yorkshire and The Humber.

Rent in each areas was 23% of common family earnings, the ONS stated.

Despite recent evidence that rents are rising, the most recent knowledge from the ONS confirmed there was no “clear pattern” that personal rents had elevated quicker than the earnings of renters since 2013.

Most current knowledge, that extends past the March 2022 time interval, confirmed common primary wages rose by 7.8% in the course of the three months to August, in comparison with a yr earlier, whereas inflation stood at 6.7% within the 12 months to September.

At roughly the identical interval – as much as August – the ONS stated rents rose 5.5%.

There is, nonetheless, a sample of house prices rising quicker than incomes and inflation, the ONS added. Home homeowners are actually within the minority within the UK as nearly all of individuals are renters, in accordance with analysis by Sky News.

Private renters on a median family earnings – the mid level between the best and lowest wage – spent 26% of their earnings on a mid-priced rental in England, whereas in Wales the determine was 23% and in Northern Ireland was 25%.

But decrease earnings houses spent a higher chunk of their earnings on hire in all nations, with wealthier households spending a decrease proportion.

The ONS stated it’s working to incorporate rental knowledge for Scotland in future publications.