Areas where renters are paying highest proportion of income revealed by new research

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Areas where renters are paying highest proportion of income revealed by new research

A new study has uncovered the areas where people are paying out more than a third of their incomes on rent.

The research by Property Inspect analyzed data from the Office for National Statistics and discovered that Oxford has the worst rent-to-income disparity.

It focused on the percentage of pay renters could expect to part with for a two-bedroom home across the UK.

Below is a breakdown of the 10 areas where people were paying out the highest proportion of their incomes.

region

Monthly pay

Two bedrooms

percent

Oxford

£3,278

£1,240

37.83%

Brighton and Hove UA

£3,194

£1,200

37.57%

Epsom and Ewell

£3,512

£1,300

37.01%

Hertsmere

£3,415

£1,250

36.60%

Bristol, City of UA

£3,078

£1,100

35.74%

woking

£3,470

£1,195

34.44%

Epping Forest

£3,639

£1,250

34.35%

stevenage

£2,894

£975

33.69%

Slough UA

£3,130

£1,050

33.55%

Crawley

£3,081

£1,025

33.27%

Those considering a move to Oxford can expect to part with 37.83 per cent of their salary, a considerable contrast to the cheapest area in the UK, Bromley, where Brits can expect to part with a more respectable 29.3 per cent of their salary.

Warrick Swift, from Property Inspect, said: “House prices are on the rise and demand heavily outweighs the amount of properties available.

“Getting onto the housing ladder is becoming an increasingly difficult task, and the cost of living is an ever-increasing prospect.

“With prospective home buyers hoping to get onto the property ladder, the rent to income disparity is increasing the gap more and more.”

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