Average house price compared with resident median annual pay.
Richmond upon Thames Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Richmond upon Thames prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
Richmond upon Thames wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
196,678
ONS 2024
Median resident annual pay
£54,943
Richmond upon Thames
Median resident weekly pay
£1,057
Full-time employees
Employment rate
72.2%
Aged 16-64
Unemployment rate
8.4%
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.
Richmond upon Thames has a relatively large resident base for a London borough, with a population of 196,678 in 2024. That scale matters because it points to a broad local labour market, but it also sits alongside very high income and housing-cost pressures.