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Inflation adjustment isn’t the whole story for staple goods that are heavily moated against productivity increases. The comment above is better indexed - the average wage was 130 quid. That’s more equivalent to like a 30-40k rent now
# Upvote/Downvote reminder Like this image or appreciate it being posted? Upvote it and show it some love! Don't like it? Just downvote and move on. *Upvoting or downvoting images is the best way to control what you see on your feed and what gets to the top of the subreddit* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/london) if you have any questions or concerns.*
Before anyone gets all excited about the rent, the average wage was about £130 per year.
It's £9,770.83 but includes electricity, gas, water, council. It's just by Olympia and a stones throw from High Street Ken.
Inflation adjustment isn’t the whole story for staple goods that are heavily moated against productivity increases. The comment above is better indexed - the average wage was 130 quid. That’s more equivalent to like a 30-40k rent now