SpendVerdict

Salary guide · GB

Project Manager salary in London: can you afford rent?

A Project Manager in London typically earns £40,000£84,000/year, with a median around £57,000/year. Median 1-bedroom rent is £2,100/month.

Affordability verdict

Stretch

At a typical Project Manager salary of £57,000/year, spending on median London rent (£2,100/mo) would take up 44% of gross income. That exceeds the 30% guideline significantly — housing would be a stretch burden.

Project Manager salary range in London

£40,000

Entry level

lower quartile

£57,000

Typical

median estimate

£84,000

Experienced

upper quartile

Project managers plan, coordinate, and oversee projects to deliver on time and within budget across industries. Figures are gross annual salary estimates for London.

How much rent can a Project Manager afford?

25% of income (comfortable)£1,188/mo
30% of income (standard)£1,425/mo
35% of income (stretch)£1,663/mo
Median London rent£2,100/mo

Rent landscape in London

£1,500

Budget

cheapest 10%

£2,100

Median

most common

£3,500

Premium

top 10%

1-bedroom equivalent. ONS Private Rental Market Survey + English Housing Survey 2023/24 · 2023–2024

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Explore London further

Cost of living guide: LondonCan I afford £1,500 rent in London?Can I afford £1,750 rent in London?