These figures also show how high rents are limiting the choice of young people starting out. Using the ‘30 per cent rule’ for 22 to 29-year-olds, and taking their average budget as £780, they wouldn’t be able to live in London, Edinburgh, Oxford, Bath and Cambridge. Younger still, those aged 18 to 21 with a budget of £550 a month are excluded from most major cities in the UK, although they would be able to afford average room rents in areas such as Liverpool, Swansea, Sheffield, Wolverhampton and Aberdeen.
Here’s what you now need to earn to rent an average room in London
