Average house price compared with resident median annual pay.
Lambeth Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Lambeth prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
Lambeth wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
316,920
ONS 2024
Median resident annual pay
£49,223
Lambeth
Median resident weekly pay
£947
Full-time employees
Employment rate
77.8%
Aged 16-64
Unemployment rate
7.7%
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.
Lambeth’s labour market profile points to a large and relatively active resident base. The borough’s resident population was 316,920 in 2024, giving a solid context for the local earnings picture.
The figures below are based on the ONS Annual Population Survey, shown via Nomis, and ONS ASHE resident earnings data.