In 2024, the highest median amount of disposable income was among those aged 25 to 34 year-olds, at 43,552 pounds, with the highest mean income among those aged between 55 and 65.

In 2023/24 the mean disposable income per household in the United Kingdom was ****** British pounds, while the median disposable income for households was ****** pounds

Average weekly household expenditure on goods and services in the UK. Data are shown by region, age, income (including equivalised) group (deciles and quintiles), economic status, socio-economic class, housing tenure, output area classification, urban and rural areas (Great Britain only), place of purchase and household composition.

In 2023/24 London had the highest average weekly household income before housing costs were considered in the United Kingdom, at *** British pounds a week, compared with the UK average of *** pounds a week.

As of 2021, households in the United Kingdom where the head of the household was of an other ethnic background had the highest proportion of household income earning more than ***** pounds a week, at ** percent.

Median earnings of residents - Gross Weekly Pay (£) This measure is the median weekly earnings for full-time employees (working 39.1 hours per week – 2017 average) where half the workers earn above that amount, and half earn below that amount This gives an indication of living standards people are able to enjoy through their disposable income. Changes in the composition of the workforce, demonstrated by changes in median earnings, can show the effect of council’s Economic Strategy. For example, creation of lower paid jobs, or loss of highly-paid jobs, can both act to reduce the median.

3-year average median equivalised weekly income after housing costs (AHC) indexed to 2022/23 prices. This dataset is one of the Greater London Authority's measures of Economic Fairness. Click here to find out more.

Annual estimates of UK regional gross disposable household income (GDHI) for local authorities by International Territorial Level (ITL) region.

Average weekly household expenditure on goods and services in the UK. Data are shown by region, age, income (including equivalised) group (deciles and quintiles), economic status, socio-economic class, housing tenure, output area classification, urban and rural areas (Great Britain only), place of purchase and household composition.

Average weekly household expenditure on goods and services in the UK. Data are shown by region, age, income (including equivalised) group (deciles and quintiles), economic status, socio-economic class, housing tenure, output area classification, urban and rural areas (Great Britain only), place of purchase and household composition.

FOCUSONLONDON2010:INCOMEANDSPENDINGATHOME

Household income in London far exceeds that of any other region in the UK. At £900 per week, London’s gross weekly household income is 15 per cent higher than the next highest region. Despite this, the costs to each household are also higher in the capital. Londoners pay a greater amount of their income in tax and national insurance than the UK average as well as footing a higher bill for housing and everyday necessities. All of which leaves London households less well off than the headline figures suggest.

This chapter, authored by Richard Walker in the GLA Intelligence Unit, begins with an analysis of income at both individual and household level, before discussing the distribution and sources of income. This is followed by a look at wealth and borrowing and finally, focuses on expenditure including an insight to the cost of housing in London, compared with other regions in the UK.

See other reports from this Focus on London series.

REPORT:

To view the report online click on the image below. Income and Spending Report PDF

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PRESENTATION:

This interactive presentation finds the answer to the question, who really is better off, an average London or UK household? This analysis takes into account available data from all types of income and expenditure. Click on the link to access.

PREZI

The Prezi in plain text version

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This interactive chart shows some key borough level income and expenditure data. This chart helps show the relationships between five datasets. Users can rank each of the indicators in turn.

Borough rankings Tableau Chart

MAP:

These interactive borough maps help to geographically present a range of income and expenditure data within London.

Interactive Maps - Instant Atlas

DATA:

All the data contained within the Income and Spending at Home report as well as the data used to create the charts and maps can be accessed in this spreadsheet.

Report data

FACTS:

Some interesting facts from the data…

● Five boroughs with the highest median gross weekly pay per person in 2009:

-1. Kensington & Chelsea - £809

-2. City of London - £767

-3. Westminster - £675

-4. Wandsworth - £636

-5. Richmond - £623

-32. Brent - £439

-33. Newham - £422

● Five boroughs with the highest median weekly rent for a 2 bedroom property in October 2010:

-1. Kensington & Chelsea - £550

-2. Westminster - £500

-3. City of London - £450

-4. Camden - £375

-5. Islington - £360

-32. Havering - £183

-33. Bexley - £173

● Five boroughs with the highest percentage of households that own their home outright in 2009:

-1. Bexley – 38 per cent

-2. Havering – 36 per cent

-3. Richmond – 32 per cent

-4. Bromley – 31 per cent

-5. Barnet – 28 per cent

-31. Tower Hamlets – 9 per cent

-32. Southwark – 9 per cent

This statistic shows the average weekly household expenditure on household goods and services in the United Kingdom (UK) in 2024, by gross income decile group. Households in the middle fifth decile group spent an average of ***** British pounds a week on household goods and services in the UK in 2024.

Model-based estimates of income for Middle Layer Super Output Areas (MSOAs). The estimates have been produced using a modelling methodology that enables survey data to be combined with Census and administrative data. The survey data used within the modelling process was obtained from the 2004/05 Family Resources Survey (FRS). The choice of the FRS enabled each of the four survey variables on income to be modelled. The estimates and confidence intervals produced are values of the average MSOA income for the following four income types: 1) Average weekly household total income (unequivalised). 2) Average weekly household net income (unequivalised). 3) Average weekly household net income before housing costs (equivalised). 4) Average weekly household net income after housing costs (equivalised). Source: Office for National Statistics (ONS) Publisher: Neighbourhood Statistics Geographies: Middle Layer Super Output Area (MSOA) Geographic coverage: England and Wales Time coverage: 2004/05, 2007/08 Type of data: Modelled data

This statistic shows the percentage share of weekly household expenditure going on health in the United Kingdom (UK) in the financial year 2020. In this period, households in the lowest decile group spent an average of 1.7 percent of their weekly household expenditure on health.

The data give estimates of gross disposable household sector income for UK regions and countries, and Welsh sub-regions for the period 1997 to 2023.