Our latest research has highlighted the most unaffordable areas of the United Kingdom where the average house price to wage ratio is concerned. The research found that the average UK house price is eight times the average wage.

We compiled data for all the London boroughs and each area across England, Scotland and Wales to calculate the most expensive versus the most economical areas for property when compared to the wage earned. The full data table can be found at the bottom of this page.

Reality Gap: UK Property Costs Eight Times the Average Wage
Reality Gap: UK Property Costs Eight Times the Average Wage

London

Not surprisingly, the majority of the least affordable areas are found in London where the average house price climbs to 14 times the average wage.

To see the full breakdown of the London data click here.

The borough of Kensington and Chelsea tops the list with the average property price at £1,212,375, despite suffering London’s biggest property value decrease in the past year at 6%. The price of property in the borough is now 46 times the average wage (£26,624) and the nation’s biggest gap in wage to property ratio by a long shot.

The City of Westminster is number two on the list for most expensive average property prices to wage, where the average property is valued at £1,028,617, up +11% annually. With the average wage just £33,020, house prices are therefore 31 times higher than the earnings on offer.

Staying within the capital, Richmond Upon Thames placed fourth in the list for most expensive average property price to wage in the United Kingdom. It cost 26 times the average wage (£25,636) to get on the ladder in the borough (£659,636), with the area jumping +9% in the past 12 months.

England

When looking just at England the average house price climbs to nine times the wage on offer.

See the full breakdown of England here.

The most unaffordable region outside of London and third place overall is St. Albans in Hertfordshire, where the average wage is £18,928, while the average property price is £522,716. The house price to wage ratio is 28 higher, meaning a lifetime of saving to afford a property in the area.

The second most expensive region outside the capital, and 6th overall, is South Bucks in Buckinghamshire, where the house price to wage ratio is 25 times higher. The area saw a +14% increase in property value since last year – the average house price now costs £587,645, while the average wage is just £23,192.

Chiltern closely follows behind South Bucks with a wage to house price ratio of 24. This area experienced a +9% jump in property since last year, lifting the average house price to £512,910.

Wales

In Wales the lower cost of property means that the gap is just six times the average wage on offer.

Read the full Welsh breakdown here.

Monmouthshire is home to the highest average property price to wage ratio in Wales, costing £221,345 but is only ranked 153rd overall in the United Kingdom, with the average house price 12 times the wage.

Scotland

With property prices also lower in Scotland the resulting gap across the country is just five times the wage.

See the full Scottish breakdown here.

The most expensive Scottish region is East Renfrewshire, despite placing 113th in the whole of the UK and the average wage must be multiplied 13 times, to be able to afford the average house price in the area.

The City of Edinburgh placed second in a three-way tie (behind East Dunbartonshire and East Lothian) for unaffordability in Scotland, but is still ranked just 210th throughout the entirety of the United Kingdom. It would take ten times the average wage to be able to afford a property in the Scottish capital.

Property values in England are significantly higher than the rest of the United Kingdom, which is reflected in the wages offered. However, the wages are not always consistent with property prices and have failed to increase at the same pace.

It highlights the unaffordability of the market in England when you consider the difference in Wales, where the highest annual average wage is under £21,000 in Cardiff yet the city’s property value is merely third in the country behind regions with lower averages in annual incomes. Additionally, the average wage in Kensington and Chelsea would take almost a lifetime working to be able to afford a home, which is unrealistic for most let alone the average buyer.

It is important to consider the wage you can earn when buying property to understand the longevity of the investment, as a lower property price doesn’t always mean a better quality of living as the wage will also reflect the local market and economy.

Russell Quirk

Founder & CEO, Emoov.co.uk

AreaCountry / RegionAverage House Price (Current)12 Month Change (%)Average Annual WageHouse Price to Wage Ratio
Kensington And ChelseaLondon£1,212,375-6%£26,62446
City of WestminsterLondon£1,028,61711%£33,02031
St AlbansEngland£522,71619%£18,92828
Richmond upon ThamesLondon£659,6369%£25,63626
Hammersmith and FulhamLondon£746,570-3%£29,12026
South BucksEngland£587,64514%£23,19225
CamdenLondon£809,8045%£32,08425
ChilternEngland£512,9109%£21,32024
WandsworthLondon£606,8919%£26,26023
HarrowLondon£442,34810%£19,29223
ElmbridgeEngland£604,40713%£26,41623
Three RiversEngland£517,47818%£23,08822
HaringeyLondon£555,63818%£24,90822
WokingEngland£402,00312%£18,20022
MertonLondon£514,59515%£23,29622
BarnetLondon£524,73511%£23,81622
Kingston upon ThamesLondon£496,70516%£22,93222
TandridgeEngland£424,46812%£20,07221
Waltham ForestLondon£422,04920%£20,07221
WaverleyEngland£451,82613%£21,58021
Epping ForestEngland£434,25217%£20,95621
IslingtonLondon£657,7551%£32,55220
Epsom and EwellEngland£459,58816%£22,77620
BrentLondon£504,64416%£25,06420
EalingLondon£489,98714%£24,90820
HackneyLondon£517,7150%£26,41620
SevenoaksLondon£413,90014%£21,21620
ChichesterEngland£349,1346%£17,99219
WatfordEngland£346,44116%£17,94019
WealdenEngland£314,20513%£16,69219
HertsmereEngland£445,96116%£23,92019
City of LondonLondon£835,6898%£45,24018
Mole ValleyEngland£486,0109%£26,67618
CotswoldEngland£351,28611%£19,39618
Windsor and MaidenheadEngland£485,35213%£26,93618
LewesEngland£308,60714%£17,16018
BromleyLondon£430,93713%£24,12818
Castle PointEngland£263,98010%£14,82018
East HertfordshireEngland£373,05615%£20,95618
RedbridgeEngland£401,19919%£22,56818
MaldonEngland£282,6704%£15,96418
DacorumEngland£388,96217%£21,99618
East HampshireEngland£357,19614%£20,43617
UttlesfordEngland£379,12013%£21,99617
EnfieldLondon£386,18218%£22,41217
RotherEngland£262,46313%£15,39217
LambethLondon£514,82010%£30,42017
CambridgeEngland£438,5619%£26,15617
HorshamEngland£353,0228%£21,06017
South OxfordshireEngland£383,3265%£22,93217
LewishamLondon£408,02717%£24,64817
Mid SussexEngland£358,31315%£21,73616
Tunbridge WellsEngland£359,5369%£21,94416
BrentwoodEngland£397,08616%£24,44016
SuttonLondon£369,67417%£22,88016
Surrey HeathEngland£390,60010%£24,18016
Tonbridge and MallingEngland£335,95214%£20,95616
South HamsEngland£285,9575%£17,94016
ArunEngland£260,3697%£16,43216
Brighton and HoveEngland£342,95911%£21,78816
Bath and North East SomersetEngland£312,29611%£19,86416
AdurEngland£298,85713%£19,03216
HaveringLondon£340,16220%£21,89216
HartEngland£398,21214%£25,63616
WokinghamEngland£410,73713%£26,46816
WinchesterEngland£381,1743%£24,59616
SouthwarkLondon£517,23411%£33,54015
East DorsetEngland£318,5848%£20,74815
North HertfordshireEngland£326,73417%£21,32015
OxfordEngland£399,7477%£26,10415
West OxfordshireEngland£320,2518%£21,06015
PurbeckEngland£302,2116%£19,86415
CroydonLondon£360,84520%£23,86815
ChelmsfordEngland£309,20314%£20,48815
HarrogateEngland£274,9169%£18,30415
NewhamLondon£355,95021%£23,71215
ChristchurchEngland£305,5964%£20,38415
WycombeEngland£379,18815%£25,32415
GreenwichLondon£368,82212%£24,64815
BaberghEngland£258,63810%£17,42015
Welwyn HatfieldEngland£377,34018%£25,42815
GuildfordEngland£410,5264%£27,66415
New ForestEngland£313,73811%£21,26815
BexleyLondon£319,30719%£21,68415
Aylesbury ValeEngland£316,11817%£21,47615
Reigate and BansteadEngland£407,01013%£27,76815
BroxbourneEngland£332,91619%£22,72415
CanterburyEngland£264,1978%£18,20015
Weymouth and PortlandEngland£212,0293%£14,87214
HillingdonLondon£404,50217%£28,39214
South NorthamptonshireEngland£297,67112%£21,00814
TorridgeEngland£207,1123%£14,97614
Test ValleyEngland£300,21910%£21,84014
Stratford-on-AvonEngland£298,2577%£21,78814
Central BedfordshireEngland£280,73718%£20,64414
Malvern HillsEngland£251,95012%£18,56414
North NorfolkEngland£221,92311%£16,43214
West DevonEngland£227,5533%£16,84814
St EdmundsburyEngland£257,5088%£19,08413
Derbyshire DalesEngland£241,2687%£17,94013
Southend-on-SeaEngland£249,14116%£18,61613
GraveshamEngland£260,36618%£19,55213
BraintreeEngland£255,64613%£19,34413
BromsgroveEngland£248,4348%£18,87613
Vale of White HorseEngland£352,70613%£26,93613
North DevonEngland£215,8460%£16,48413
AshfordEngland£264,26412%£20,38413
PooleEngland£278,6036%£21,52813
HounslowLondon£389,97312%£30,16013
TeignbridgeEngland£225,5026%£17,47213
WorthingEngland£256,1619%£19,86413
East DevonEngland£253,6393%£19,70813
Mid SuffolkEngland£246,35313%£19,18813
East RenfrewshireScotland£204,9257%£15,96413
South CambridgeshireEngland£355,18515%£27,71613
MendipEngland£233,34511%£18,30413
RutlandEngland£257,0767%£20,17613
MaidstoneEngland£271,76510%£21,42413
SpelthorneEngland£361,17415%£28,49613
North DorsetEngland£244,09810%£19,29213
RunnymedeEngland£397,68214%£31,46013
BasildonEngland£281,74717%£22,67212
Forest of DeanEngland£203,45710%£16,43212
East CambridgeshireEngland£262,98815%£21,26812
WiltshireEngland£251,7499%£20,46312
ColchesterEngland£239,59913%£19,44812
TraffordEngland£250,55412%£20,33212
Bracknell ForestEngland£345,52614%£28,08012
West DorsetEngland£256,6482%£20,90412
WarwickEngland£289,85511%£23,60812
MeltonEngland£202,7687%£16,53612
ThanetEngland£203,03816%£16,58812
HambletonEngland£223,5546%£18,30412
HerefordshireEngland£218,6537%£17,94012
CheltenhamEngland£246,92710%£20,28012
DaventryEngland£244,3336%£20,33212
WychavonEngland£249,2427%£20,74812
BrecklandEngland£205,39312%£17,16012
CornwallEngland£206,3230%£17,26412
RushcliffeEngland£242,8376%£20,38412
HarboroughEngland£246,9424%£20,80012
RichmondshireEngland£202,7256%£17,10812
BedfordEngland£256,60914%£21,68412
South NorfolkEngland£236,02913%£20,02012
RyedaleEngland£205,2272%£17,42012
South LakelandEngland£211,217-3%£17,94012
FarehamEngland£274,50013%£23,34812
South GloucestershireEngland£250,05711%£21,32012
TendringEngland£191,18713%£16,32812
CherwellEngland£289,9069%£24,75212
West BerkshireEngland£333,79011%£28,54812
BournemouthEngland£232,9659%£19,96812
LichfieldEngland£224,3172%£19,24012
MonmouthshireWales£221,3457%£18,98012
North SomersetEngland£241,70413%£20,74812
BroadlandEngland£236,21912%£20,38412
Basingstoke and DeaneEngland£295,32815%£25,58412
EastbourneEngland£227,32312%£19,70812
Isle of WightEngland£199,5557%£17,42011
Tower HamletsLondon£457,3926%£39,93611
YorkEngland£231,0016%£20,28011
TorbayEngland£184,4536%£16,22411
ShepwayEngland£229,57014%£20,28011
ThurrockEngland£246,70019%£21,78811
StevenageEngland£269,35720%£23,97211
RushmoorEngland£285,16917%£25,42811
ReadingEngland£302,21717%£26,98811
Taunton DeaneEngland£212,3264%£18,98011
DartfordEngland£283,38516%£25,32411
EastleighEngland£257,4039%£23,08811
HavantEngland£243,98014%£21,94411
Suffolk CoastalEngland£253,9374%£22,93211
SwaleEngland£228,71720%£20,69611
Barking and DagenhamLondon£271,58419%£24,59611
HuntingdonshireEngland£235,49815%£21,63211
Vale of GlamorganWales£199,6935%£18,35611
SedgemoorEngland£199,1048%£18,51211
CravenEngland£200,1334%£18,66811
City of BristolEngland£252,10715%£23,66011
EdenEngland£190,8206%£17,94011
Mid DevonEngland£215,1178%£20,22811
SloughEngland£297,03425%£28,13211
King's Lynn and West NorfolkEngland£188,9296%£17,88811
Forest HeathEngland£196,65510%£18,66811
South StaffordshireEngland£210,0957%£20,02010
StroudEngland£250,6019%£23,92010
TewkesburyEngland£251,43111%£24,02410
Ribble ValleyEngland£219,54012%£21,06010
ShropshireEngland£193,4464%£18,61610
NorwichEngland£190,8838%£18,46010
StockportEngland£196,8218%£19,03210
Oadby and WigstonEngland£190,39710%£18,46010
East DunbartonshireScotland£191,4507%£18,56410
DoverEngland£218,39110%£21,26810
LutonEngland£221,60522%£21,58010
SolihullEngland£248,4337%£24,23210
South SomersetEngland£207,0596%£20,22810
South KestevenEngland£188,0717%£18,40810
Wyre ForestEngland£170,1648%£16,69210
Cheshire EastEngland£211,98511%£20,90410
High PeakEngland£174,8115%£17,26410
MedwayEngland£220,64718%£21,94410
ExeterEngland£228,9015%£22,88010
East LothianScotland£194,9763%£19,50010
WaveneyEngland£172,1455%£17,31610
Milton KeynesEngland£245,90515%£24,75210
HarlowEngland£249,35716%£25,37610
Cheshire West and ChesterEngland£191,9398%£19,65610
CrawleyEngland£269,24113%£27,87210
City of EdinburghScotland£240,97812%£25,01210
CharnwoodEngland£196,5167%£20,59210
HastingsEngland£178,66611%£18,77210
East NorthamptonshireEngland£204,65113%£21,52810
RedditchEngland£183,1707%£19,3969
Newark and SherwoodEngland£168,02811%£17,8889
North KestevenEngland£182,8159%£19,5529
GosportEngland£188,09511%£20,3329
North East DerbyshireEngland£165,7796%£17,9409
StaffordEngland£186,2423%£20,3329
NorthamptonEngland£186,08310%£20,4369
AberdeenshireScotland£190,964-3%£20,9569
GedlingEngland£163,2099%£17,9409
BostonEngland£142,7005%£15,7049
WellingboroughEngland£180,7038%£19,9169
CardiffWales£189,4197%£20,9569
BlabyEngland£195,5116%£21,8409
CeredigionWales£167,847-2%£18,7729
WorcesterEngland£186,8504%£21,1129
ChorleyEngland£162,7494%£18,4609
SouthamptonEngland£195,37611%£22,1529
West LancashireEngland£173,8483%£19,7089
PembrokeshireWales£150,351-1%£17,0569
SwindonEngland£202,73815%£23,0889
Staffordshire MoorlandsEngland£162,5176%£18,7209
PowysWales£166,7515%£19,2409
KetteringEngland£174,35910%£20,1249
ScarboroughEngland£146,683-3%£17,0569
IpswichEngland£173,81110%£20,3849
Hinckley and BosworthEngland£183,4096%£21,5809
North West LeicestershireEngland£179,9285%£21,1649
South DerbyshireEngland£177,3427%£20,8529
West LindseyEngland£156,3999%£18,4608
RugbyEngland£205,3587%£24,2328
East Riding of YorkshireEngland£161,9076%£19,2408
East Riding of YorkshireEngland£161,9076%£19,2408
WyreEngland£140,9341%£16,8488
South HollandEngland£168,7028%£20,1768
PortsmouthEngland£190,5799%£22,8288
Great YarmouthEngland£152,6739%£18,3568
ConwyWales£152,8149%£18,4088
North WarwickshireEngland£174,1344%£21,0088
Cannock ChaseEngland£153,6527%£18,6688
FenlandEngland£164,0917%£19,9688
TamworthEngland£163,13412%£19,9168
GloucesterEngland£181,62512%£22,2048
East StaffordshireEngland£166,1214%£20,3328
East LindseyEngland£153,2865%£18,8248
GwyneddWales£141,881-2%£17,5768
SelbyEngland£184,3498%£22,9328
Perth and KinrossScotland£172,1211%£21,4768
ChesterfieldEngland£143,3166%£17,9408
DudleyEngland£154,2327%£19,2928
AngusScotland£140,3051%£17,5768
South RibbleEngland£159,7506%£20,1768
Nuneaton and BedworthEngland£153,5378%£19,5008
SeftonEngland£148,9086%£19,1368
HighlandScotland£152,2971%£19,7608
KirkleesEngland£137,3884%£17,8368
WrexhamWales£147,3445%£19,1368
Newcastle-under-LymeEngland£136,6160%£17,7848
StirlingScotland£166,3894%£21,7888
WarringtonEngland£169,9363%£22,3088
BroxtoweEngland£164,3568%£21,6848
WirralEngland£147,2585%£19,4488
City of PeterboroughEngland£165,2119%£21,9448
MidlothianScotland£159,6466%£21,2688
Scottish BordersScotland£148,9055%£19,8648
WalsallEngland£146,1329%£19,5007
NewportWales£149,5886%£20,0207
BassetlawEngland£144,25410%£19,3447
MansfieldEngland£120,4666%£16,2247
City of PlymouthEngland£165,4424%£22,3087
Amber ValleyEngland£156,7317%£21,1647
ErewashEngland£146,0756%£19,7087
CoventryEngland£164,70113%£22,3087
CorbyEngland£153,54614%£20,9567
BuryEngland£152,8428%£20,8527
North TynesideEngland£151,5373%£20,8007
AllerdaleEngland£133,252-2%£18,3047
Shetland IslandsScotland£174,68320%£24,0767
Newcastle upon TyneEngland£154,4772%£21,3207
MorayScotland£138,4941%£19,1367
LancasterEngland£145,7883%£20,1767
LincolnEngland£135,4802%£18,7727
LeedsEngland£166,3039%£23,1927
CarlisleEngland£132,1134%£18,6687
LeicesterEngland£147,9149%£20,9567
Orkney IslandsScotland£122,563-2%£17,3687
DenbighshireWales£140,0270%£19,9167
SheffieldEngland£148,5516%£21,2167
Telford and WrekinEngland£148,7103%£21,2687
CarmarthenshireWales£131,9055%£18,9807
SwanseaWales£133,4580%£19,2407
RossendaleEngland£120,6197%£17,4727
BirminghamEngland£159,7329%£23,2447
City of AberdeenScotland£178,069-7%£26,4167
BridgendWales£133,6005%£19,8127
RochdaleEngland£123,2255%£18,3567
CalderdaleEngland£133,0465%£19,9167
Isle of AngleseyWales£156,3922%£23,4007
FlintshireWales£155,9404%£23,4527
OldhamEngland£119,4418%£17,9927
WolverhamptonEngland£130,5445%£19,6567
FyldeEngland£184,4937%£27,8727
TamesideEngland£127,6279%£19,3967
Dumfries and GallowayScotland£117,709-2%£17,8887
BradfordEngland£129,0375%£19,9686
South AyrshireScotland£129,6240%£20,1246
WakefieldEngland£134,1703%£20,9046
RotherhamEngland£123,3951%£19,2926
Stockton-on-TeesEngland£131,5965%£20,8006
SandwellEngland£126,4367%£20,0206
BolsoverEngland£114,40810%£18,0966
WiganEngland£120,9984%£19,1366
West LothianScotland£139,4265%£22,1006
BoltonEngland£122,9026%£19,7086
DoncasterEngland£117,1221%£18,7726
TorfaenWales£129,7388%£20,8526
St HelensEngland£118,5635%£19,2406
FifeScotland£122,9323%£19,9686
Redcar and ClevelandEngland£118,9272%£19,4486
North LincolnshireEngland£131,3185%£21,5286
ManchesterEngland£149,7229%£24,7526
South TynesideEngland£124,1074%£20,5926
SalfordEngland£138,35712%£22,9846
PrestonEngland£127,1555%£21,1646
AshfieldEngland£124,5466%£20,8006
GatesheadEngland£124,7735%£20,8526
BlackpoolEngland£100,8843%£16,9006
North East LincolnshireEngland£114,0184%£19,1366
Barrow-in-FurnessEngland£111,6019%£18,8246
City of NottinghamEngland£122,77210%£20,8006
DarlingtonEngland£132,0369%£22,6206
HaltonEngland£133,4129%£22,9326
Argyll and ButeScotland£141,25910%£24,3366
CaerphillyWales£121,0617%£21,1646
ClackmannanshireScotland£114,9863%£20,4886
BarnsleyEngland£111,2286%£19,8646
LiverpoolEngland£119,9334%£21,5286
KnowsleyEngland£114,3384%£20,6446
MiddlesbroughEngland£109,943-2%£19,8646
SunderlandEngland£113,5574%£20,5926
InverclydeScotland£103,4233%£19,0325
South LanarkshireScotland£114,2895%£21,1125
City of DundeeScotland£119,7991%£22,2565
City of DerbyEngland£144,5434%£27,0925
City of Kingston upon HullEngland£102,0798%£19,2405
RenfrewshireScotland£112,4061%£21,6845
West DunbartonshireScotland£99,6867%£19,5525
HartlepoolEngland£100,066-3%£19,6565
FalkirkScotland£111,2743%£21,8405
City of GlasgowScotland£117,7956%£23,3485
Rhondda Cynon TafWales£98,6163%£19,6565
Blackburn with DarwenEngland£100,6961%£20,1765
HyndburnEngland£92,4462%£18,6165
North AyrshireScotland£97,651-2%£19,7085
Stoke-on-TrentEngland£102,8777%£21,0085
Neath Port TalbotWales£102,0462%£21,2685
Merthyr TydfilWales£94,9071%£19,9685
PendleEngland£92,6633%£19,7085
County DurhamEngland£96,883-3%£21,0085
East AyrshireScotland£91,8395%£19,9165
North LanarkshireScotland£97,8752%£21,6845
BurnleyEngland£75,4553%£18,8244
Blaenau GwentWales£79,71510%£19,9684
CopelandEngland£114,0113%£37,4923