How much do you need to earn to rent a flat in London?

How much do you need to earn to rent a flat in London The latest research from Rentonomy suggests that people need to be earning £38,000 to rent a one-bedroom flat in London. “Even some of the best paid young people in London cannot rent a one-bed in London by themselves,” says Director of research David Butler. “To rent the average one bed property in the city, you need an income 30 per cent higher than the UK average. When young people leave university and move to London to start their first job, only those with the starting salary of a lawyer or an investment banker will be able to afford to live by themselves. Even those with masters degrees and PhDs will find that a flat-share is the only viable option.” Their data shows that 90% of areas in London require young people to earn move than the UK average in order to rent a one-bed. The highest required earnings are in Marylebone, followed by Chelsea and Kensington.