Rental prices in Bristol cost almost half of the average wage in the area, making it one of the least affordable areas in England, new Bristol Live research has revealed. The average property in Bristol costs £1,200 a month to rent, according to the latest figures from the Valuation Office Agency.
The average income, meanwhile, works out at £2,494 a month, before tax. It means that on average, people spend 48% of their income on rent.
A total of 10 London boroughs have lower rent to income ratios than our city, which ranks 31st least affordable in the country. Kensington and Chelsea is the least affordable place to rent a property in the whole of England.
