Average house price compared with resident median annual pay.
Barnet Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Barnet prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
Barnet wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
405,050
ONS 2024
Median resident annual pay
£47,081
Barnet
Median resident weekly pay
£905
Full-time employees
Employment rate
70.9%
Aged 16-64
Unemployment rate
5.8%
Economically active
Average monthly rent compared with estimated monthly earnings.
Labour market rates are from the ONS Annual Population Survey profile shown by Nomis. Where the local APS unemployment value is suppressed, the ONS model-based unemployment estimate is used. Earnings are ONS ASHE resident-analysis median full-time employee earnings. Annual pay is annualised from weekly pay for display context.
Incomes Explain Affordability Pressure
Wage and employment data does not predict house prices by itself. It gives demand-side context: how average prices and rents compare with resident earnings, whether employment conditions support demand, and where affordability pressure may limit the buyer or renter pool.
Barnet’s labour market profile points to a relatively well-paid local resident base, but one that sits alongside a lower employment rate and higher inactivity than the Great Britain average. The latest ONS and Nomis figures, drawn from the Annual Population Survey and ASHE 2025, show a resident population of 405,050 in 2024.