Average house price compared with resident median annual pay.
Greater London Employment Rate
Employment, unemployment and population indicators for reading Greater London property prices and rents in wider labour-market context.
Employment rate
74.2%
Aged 16-64
Unemployment rate
6.6%
Economically active
Economic inactivity
20.3%
Aged 16-64
Resident population
9,089,736
ONS 2024
Feb 2026-Apr 2026 / ASHE 2025
Greater London labour-market context
Employment data does not predict house prices by itself, but it helps frame affordability and local economic context.
Resident population
9,089,736
ONS 2024
Median resident annual pay
£46,940
Greater London
Median resident weekly pay
£903
Full-time employees
Employment rate
74.2%
Aged 16-64
Unemployment rate
6.6%
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.
Greater London remains a high-earning labour market by UK standards, based on the latest ONS and Nomis data. The resident median weekly pay figure is £902.70, which annualises to £46,940.
That is well above the Great Britain median of £766.60 a week, or £39,863 a year.