Havering Wages, Employment and Property Affordability

Resident earnings, employment, unemployment and affordability context for reading Havering prices and rents.

Last updated 19 Aug 2026HPI June 2026Rents July 2026Sold prices May 2026
Apr 2025-Mar 2026 / ASHE 2026

Havering wages, employment and affordability

Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.

Resident population
280,787
ONS 2025
Median resident annual pay
£46,582
Havering
Median resident weekly pay
£896
Full-time employees
Employment rate
79.3%
Aged 16-64
Unemployment rate
4.5%
Economically active
House price affordability9.8x earnings

Average house price compared with resident median annual pay.

Rent affordability40% of monthly earnings

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.

Wages and employment commentary · Last updated August 2026

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.

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.