Average house price compared with resident median annual pay.
Havering Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Havering prices and rents.
Havering wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
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.
Havering’s resident labour market profile points to a relatively strong local income base. The latest ONS/Nomis Annual Population Survey data show an employment rate of 79.3%, above the Great Britain average of 75.5%.
The unemployment rate is 4.5%, the same as the national figure.