Data revealed by property website OnTheMarket.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.
OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom. It owns and operates online residential property portal on OnTheMarket.com that offers property for sale and rent, finds agents, student accommodation, farms, estates and land, and property valuation.