How much do you need to earn to live in London?

So how much do you need to earn to live in London ? Not surprisingly, if you want to live in the City itself you will need to earn GBP 49.19 per hour or a salary of GBP 162,000 which will get you a one bedroom apartment with views of the Tower of London.

Even in the cheapest East London borough you will have to be earning GBP 21.07 per hour to secure a similarly sized property.

Given that the average UK salary is GBP 26,500 and the London minimum wage is GBP 7.20 per hour, it is no surprise that housing is proving to be the number one issue in the run up to the May 2016 London Mayoral elections. Many are questioning how long the city can continue before those in low-paying jobs or key workers can no longer to afford to live here.