Renting in Manchester now less affordable than in parts of London
manchestereveningnews.co.ukIt is less affordable to rent in Manchester than it is in some parts of Greater London, new figures have revealed. The average property in Manchester costs £875 a month to rent, according to the latest data from the Valuation Office Agency.
The average income, meanwhile, works out at £2,008 a month, before tax. It means that on average, people spend 44% of their income on rent.
That’s the highest proportion of any local authority outside of London and the South. In fact, it’s either equal to or higher than six London boroughs.
Hillingdon in West London and Bexley in South-East London have the same rent-to-income ratio as Manchester, at 44%. But Manchester's ratio is higher than four other London boroughs: Haringey (43%), Kingston-upon-Thames (42%), Croydon (42%) and Bromley (41%). READ MORE: The cheapest areas to rent in UK in 2023 - with two places a short commute from Greater Manchester The rent to income ratio in Manchester is at least eight percentage points higher than any of the surrounding Greater Manchester boroughs.
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