Rents in London rose 4.1% over the last year, recent figures from the Office for National Statistics show. That's higher than the rest of the country, which is averaging a 2.7% rise in rents. In terms of how it's hitting your pocket, wages are currently increasing at the fastest rate in six years — a national average of 2.9% — while the London Living Wage has just gone up by 2.7%
Over the last few years we've been tracking the differences between low wages and rents, in what began as an exercise to see if it's possible to live here without resorting to benefits in order to survive (in short order: not on minimum wage, and not without two incomes). It turned into a six monthly ghoulfest of staring at rent rises in what we'd usually class as 'cheap' areas. We've now got two and a half years' worth of data on certain areas, so we've made some charts to show what's been happening.