The gap between the richest and poorest neighbourhoods in England and Wales is more than £55,000 and shows a clear divide between North and South.
New data from the Office for National Statistics shows households in St Matthews & Highfields North in Leicester have an average net annual income of just £11,300 as the cost of living crisis continues to bite.
The figure is the lowest disposable household income of any neighbourhood in England and Wales after income tax, national insurance, council tax, pension contributions, and child support has been paid.
It is in stark contrast with the highest disposable household income of any neighbourhood in the country at £67,100 a year, in Tower Hill & Wapping South in London.
That’s a difference of a massive £55,800 according to the latest data published in 2020 but covering the year 2018.
The figures show a clear north south divide as after Tower Hill & Wapping South, Bermondsey North in Southwark has the next highest net household income at £65,000.
That’s followed by the City of London at £58,300, and Highgate East at £58,200.
Meanwhile, the next poorest areas are Shearbridge & University in Bradford at £16,100, Normanton North & Peartree in Derby at £16,800, and Pellon East in Calderdale at £17,900.
Clear income gaps can also be seen at the local level between different neighbourhoods in the same local authority.
The largest is in the London borough of Tower Hamlets.
The council has a wealth gap of £38,700 between its lowest income neighbourhood, Poplar Central (£28,400), and its highest, Tower Hill & Wapping South (£67,100).
Leicester has the country’s next largest wage gap, with £36,400 between St Matthews & Highfields North (£11,300) and Leicester City Centre (£47,700).
Nottingham, meanwhile, has a gap of £36,300 between Aspley (£20,900) and City Centre & Trent Bridge (£57,200).
Southwark has a gap of £35,600 between Peckham North West (£29,400) and Bermondsey North (£65,000).
Manchester has a gap of £35,400 between Moss Side West (£18,900) and Castlefield & Deansgate (£54,300).
It comes as the Financial Conduct Authority (FCA) urged mortgage lenders to do more to help struggling borrowers.
The regulator published new data about the current mortgage market which revealed around 356,000 people in the UK could face payment difficulties by the end of June 2024.
The watchdog says lenders must offer support to customers who have missed payments or are worried they may not be able to make payments in future.
20 richest neighbourhoods
Tower Hill & Wapping South, Tower Hamlets: £67,100
Bermondsey North, Southwark: £65,000
Canary Wharf, Tower Hamlets: £61,100
Queen's Gate, Kensington and Chelsea: £60,700
Hans Town, Kensington and Chelsea: £58,600
City of London, City of London: £58,300
Highgate East, Haringey: £58,200
City Centre & Trent Bridge, Nottingham: £57,200
The Park & Castle, Nottingham: £55,700
Richmond Central, Richmond upon Thames: £55,700
Barnsbury East, Islington: £55,400
Clapham Common West, Wandsworth: £55,400
Wimbledon Broadway South, Merton: £55,100
Wimbledon Hill, Merton: £54,400
Castlefield & Deansgate, Manchester: £54,300
Marylebone & Park Lane, Westminster: £54,300
Fulham Palace & Hurlingham Park, Hammersmith and Fulham: £54,100
Putney Town & Wandsworth Park, Wandsworth: £53,900
Clapham South, Lambeth: £53,700
Lavender Hill West & Little India, Wandsworth: £53,500
20 poorest neighbourhoods
St Matthews & Highfields North, Leicester: £11,300
Belgrave South, Leicester: £13,800
Spinney Hill Road, Leicester: £14,200
Highfields South, Leicester: £15,500
Shearbridge & University, Bradford: £16,100
Belgrave North West, Leicester: £16,300
Barkerend East, Bradford: £16,700
Normanton North & Peartree, Derby: £16,800
Belgrave North East, Leicester: £17,000
Northfields & Merrydale, Leicester: £17,200
Normanton South, Derby: £17,300
North Evington & Rowlatts Hill, Leicester: £17,400
Pellon East, Calderdale: £17,900
Girlington, Bradford: £18,000
Canterbury, Bradford: £18,000
Holme Top, Bradford: £18,200
Harehills North, Leeds: £18,300
Crown Hills, Leicester: £18,300
Sparkbrook South, Birmingham: £18,300
Ravensthorpe, Kirklees: £18,500
