Ah, Valentine’s Day: couple’s deals, set menus and two-for-one offers. For London’s singles, it’s another reminder that singledom is more expensive. On one income, bills, rent, groceries — and homes all cost more.
New data from Zoopla shows that, across all London boroughs, the average monthly mortgage payment on a one or two-bedroom home is £1,500 per month, while the median monthly income is £3,837. This means that, on average, single Londoners are spending 39 per cent of their income — before tax — on mortgage payments.
