Salary needed to buy a home in City of London
Local home prices and full-time pay in City of London, with deposit examples and an estimate of how long saving could take.
Average house price£710,652UK House Price Index, July 2026
No reliable local pay estimate
The 2025 ASHE source marks the full-time median pay estimate for the City of London as unreliable for practical use. We show the published average house price, but leave the earnings ratio, deposit-to-income figure and savings time blank rather than estimate them.
Sources and data notes
- House prices: HM Land Registry, UK House Price Index, July 2026 (Northern Ireland publishes HPI quarterly; the July file carries the latest April to June 2026 figures for its local government districts.)
- England, Scotland and Wales earnings: ONS ASHE 2025 provisional, Table 8.7a by place of residence
- Northern Ireland earnings: NISRA ASHE 2025 provisional by Local Government District of residence
- Pay measure: Median annual gross pay for full-time employee jobs at place of residence (ONS Table 8.7a; NISRA corresponding NI table). ONS describes median as its preferred measure of typical earnings because it is less affected by a small number of high earners. Estimates marked unreliable or unavailable are not used.
- Take-home estimate: our take-home pay engine, using 2026/27 tax rules; no pension or student loan.
Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0. Earnings are not a household-income measure. Northern Ireland house prices update quarterly.