Salary vs rent · London
£40,000 salary in London: how much rent can you afford?
On £40,000/year your monthly take-home budget (gross) is £3,333/month. The median rent in London is £2,100, which would take 63.0% of your income — Risky.
Your monthly rent budget
Comfortable (25%)up to £833/mo
Manageable (30%)up to £1,000/mo
Stretch (35%)up to £1,167/mo
Risky (45%)up to £1,500/mo
Rent landscape in London
£1,500
45.0% of your salary
Budget rent
£2,100
63.0% of your salary
Typical rent
£3,500
105.0% of your salary
High-end rent
Renters in London typically spend 30–54% of income on rent. At £40,000/year, you have limited room to cover the median rent comfortably.
Data confidence: high · ONS Private Rental Market Survey + English Housing Survey 2023/24 · 2023–2024
Other salaries in London