2022/23 fiscal year: Manchester rents consume 45.6% of average income, making it UK's second most unaffordable city.
Manchester has been identified as the UK's second most unaffordable city for renters, with individuals spending 45.6% of their average income on rent in the 2022/23 fiscal year, up from 37.1% in 2019/20. Kensington and Chelsea ranks as the least affordable at 52.2%. Overall, renters in England pay an average of £1,178 monthly, which is 34.2% of their income. In contrast, North Lincolnshire is the most affordable area, with rent at just 18.8% of income.
October 28, 2024
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