Cost of Living in Havering: Rent, House Prices, Council Tax and Pay
Renting the average home and paying Band D council tax uses about 58% of the take-home pay on the median full-time salary (£1,767 of £3,056 a month).
| Cost | Havering | More detail |
|---|---|---|
| Average house price | £448,648 | House prices |
| Median full-time salary | £46,045 | Salary |
| Take-home pay a month on the median | £3,056 | |
| Average private rent a month | £1,565 | Rent |
| Council tax, Band D, a month (12 payments) | £202 | Council tax |
| Mortgage on the average home a month (10% deposit) | £2,396 | at 5.15% over 25 years |
What the numbers add up to
- Renting the average home and paying Band D council tax uses about 58% of the take-home pay on the median full-time salary (£1,767 of £3,056 a month).
- A mortgage on the average home with a 10% deposit would cost £2,396 a month, 85% of take-home pay once council tax is added. The house price is 9.7 times the median full-time salary.
These are averages and medians for the whole area, so your own costs will differ. The comparison of rent with pay is illustrative: the rent figure covers all tenancies, and the median is for full-time employees.
Work out your own budget
Sources: HM Land Registry UK House Price Index, ONS Price Index of Private Rents, ONS Annual Survey of Hours and Earnings and the official 2026-27 council tax releases. Each page above gives the date and licence.
Frequently asked questions
What is the cost of living in Havering?
In Havering the average house price is £448,648, the average rent is £1,565 a month and Band D council tax is £202 a month, against a median full-time salary of £46,045.
How much of a typical salary goes on rent in Havering?
Average rent of £1,565 a month is 51% of the take-home pay (£3,056 a month) on the median full-time salary.
Is it better to rent or buy in Havering?
Rent averages £1,565 a month, against about £2,396 a month for a mortgage on the average home (before upkeep). The right choice depends on how long you will stay. Try the rent or buy calculator.
Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.