A home, measured in years of pay
Nine years of median pay in 2005. Nearly twelve now.
Data access
Use the machine-readable JSON record or the flattened CSV download or the compact Markdown version.
Preview the latest 21 observations
| Series | Period or category | Value | Unit |
|---|---|---|---|
| Value | 2005 | 9.06 | years of median pay |
| Value | 2006 | 9.88 | years of median pay |
| Value | 2007 | 10.69 | years of median pay |
| Value | 2008 | 8.74 | years of median pay |
| Value | 2009 | 9.05 | years of median pay |
| Value | 2010 | 9.55 | years of median pay |
| Value | 2011 | 9.82 | years of median pay |
| Value | 2012 | 10.33 | years of median pay |
| Value | 2013 | 11.51 | years of median pay |
| Value | 2014 | 13.16 | years of median pay |
| Value | 2015 | 14.55 | years of median pay |
| Value | 2016 | 15.01 | years of median pay |
| Value | 2017 | 14.7 | years of median pay |
| Value | 2018 | 14.19 | years of median pay |
| Value | 2019 | 13.92 | years of median pay |
| Value | 2020 | 13.73 | years of median pay |
| Value | 2021 | 14.56 | years of median pay |
| Value | 2022 | 14.49 | years of median pay |
| Value | 2023 | 13.05 | years of median pay |
| Value | 2024 | 12.43 | years of median pay |
| Value | 2025 | 11.83 | years of median pay |
Methodology
Average London house price each December divided by median gross annual pay for the same year, from the ONS Annual Survey of Hours and Earnings via NOMIS. December is used throughout so the ratio compares a like point in the cycle. The earnings series is ASHE's resident analysis — what people living in London are paid — rather than the workplace series, which measures what London's jobs pay and reads about £3,000 higher. Residence is the denominator this question needs: it asks what a home costs the people who live here.
Provenance
- Source
- Land Registry · ONS
- Cadence
- annual
- Engine
- timeline
- Licence
- Open Government Licence v3.0