We all know too well how expensive *extortionate* renting in London is. The hours spent investigating what the cost of a cupboard in London could get you up North (if you’re interested/have prepared yourself for a panic attack, you can find out here) is time we can never get back…and shock we will probably never recover from. But as much as we like to complain, the sad truth is that for too many people, London is literally unaffordable. In order to highlight the scale of the problem (and to get the new London mayor to fix renting in London) the housing and homeless charity Shelter has produced a Tube Map of Affordability where they’ve closed stations in areas no longer affordable to the average renter.
Dubious? This is how they do their workings out:
Affordable: when the average cost of a two-bed private rental property is less than 35% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.
Difficult to afford: when the average cost of a two-bed private rental property is between 35% and 50% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.
Unaffordable: when the average cost of a two-bed private rental property is more than 50% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.
You can view the map online here.
Featured Image Credit: Shelter