LOW-INCOME EARNERS ARE LEFT WITH FEWER AFFORDABLE HOUSING OPTIONS
New analysis by the National Housing Federation (NHF) shows how house prices in England more than doubled between 2002 and 2016.
According to the NHF report:
House prices have become hugely disproportionate to earnings of England especially to low-income earners
In the whole of England, it is only in Burnley that a low-income worker, like a nursery nurse, afford a mortgage without spending over five times their yearly income
Elementary workers, caring/leisure workers and customer service workers are identified as those whose experience of the housing market is without choice and make up between 20%-30% of regional labour markets nationwide
Care, leisure and other service occupations have a full-time median earning of £17,665 yearly
Sales and customer services occupations have theirs as £18,262
£18,462 is the full-time median earnings for elementary occupations
Rent takes up over 50% of low-income workers’ pay in London with the average home costing over 20 times the average salary of a cleaner or hospital porter and a postal worker working in the capital
In all regions, low-income workers pay over 30% of their incomes to rent privately
Chief executive at the National Housing Federation, David Orr, said:
“Low-income workers are left with fewer affordable options than ever, though their jobs are absolutely critical to local economies.
“…Housing associations are in a unique position to step up and deliver the types of homes which the nation, and low-incomes workers, need most.”
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