Barking and Dagenham is the only borough in London with a ratio that is below the average for England. Across England the median house price is 7.49 times the salary for a full time job.
The ratio is calculated by the Department of Communities and Local Government using median house prices rather than the average to avoid distortion due to highs and lows. These are then compared to median wages locally.
According to this calculation the most affordable boroughs other than Barking and Dagenham are mostly in Outer London. The median house price is less than 10 times salary in Bexley, Havering, Croydon and Hounslow, and in the Inner London borough of Tower Hamlets.
The least affordable places are central and west London boroughs including Wandsworth, Richmond, Camden, Hammersmith and Fulham and Westminster. But at the top of the scale is Kensington and Chelsea, where the median house price was nearly 40 times the median salary in 2015.
Since the start of the century the ratio in the royal borough has gone up by 178%. And a similar dramatic change, from lower levels, has happened in Hackney and Waltham Forest, where the ratio has gone from around five times salary to 15 and 13 respectively since 2000.
The change from 2014 to 2015, the most recent years recorded, was highest in Redbridge where the ratio changed by 17% from a little over 10 times salary to just over 12.
In Kensington and Chelsea, the ratio actually fell by 6%, and in Westminster it came down by 1%.
|Median House Price to Earnings Ratio 2015|
|Kensington and Chelsea||39.67|
|Hammersmith and Fulham||22.33|
|Richmond upon Thames||18.07|
|City of London||17.11|
|Kingston upon Thames||13.83|
|Barking and Dagenham||7.19|