Borough Statistics H ousehold Income 2019

Overview  In 2019, the median household income in Tower Hamlets is £30,760, this was slightly more than London (£30,700) but greater than England (£28,211). The mean household income was £37,780, over £1000 more than London (£36,501) and greater than England (£32,833).

 48 per cent of households in Tower Hamlets, in 2019, had a household income of less than £30,000 (London 48 per cent and England 54 per 48% cent) and 85 per cent had less than £60,000 (London 87 per cent and of households England 91 per cent) have an income less than £30,000  14 per cent of households in Tower Hamlets had a household income of less than £15,000 and 4 per cent had a household income of greater than £100,000.

Median Household Income, London Boroughs, 2019

City of London £45,436 Kensington and Chelsea £43,315 Richmond upon Thames £41,493 Westminster £40,919 Wandsworth £37,911 Hammersmith and Fulham £36,527 Camden £36,053 Kingston upon Thames £35,805 Barnet £34,163 Islington £33,859 Bromley £33,659 Merton £33,003 Sutton £32,398 Harrow £31,430 Tower Hamlets £30,760 Lambeth £30,753 Ealing £29,918 Havering £29,549 Source 2017 CACI Redbridge £29,529 Hounslow £29,327 Haringey £29,318 Hillingdon £29,222 Southwark £29,192 Bexley £28,691 Hackney £28,043 Waltham Forest £27,946 Enfield £27,853 Croydon £27,847 Brent £27,364 Greenwich £26,672 Lewisham £26,541 Newham £23,143 Barking and Dagenham £21,953

Outer London £29,963 Inner London £31,820 London £30,700 England £28,211

Source 2019 CACI

Amongst the London boroughs, Tower Hamlets was 15th with a median household income of £30,760. City of London had the highest median household income of £45,436 and Barking & Dagenham had the lowest at £21,953.

Intelligence and Performance 2019 Household Income 2019

Median Household £55,168 The median household Income 2019 income ranged from LSOAs in Tower Range £18,610 in LSOA Hamlets of E01004236 Bromley North LSOA ward to £55,168 in LSOA values E01004277 in Canary £18,610 Wharf ward More than half of the 144 Lower Super Output Areas (LSOAs) had percentages (ranging from 15 to 36 per cent) of households with less than £15,000 household income, which were greater than the borough average (14 per cent). The percentage of households with a household income of less than £30,000 ranged from 83 per cent in LSOA E01004236 (within Bromley North ward) and The geographic distribution of household income shows greater 13 per cent in LSOA incomes in the south and west of the borough with lower E01004277 (Canary Wharf incomes in the east and central areas. ward). Median Household Income, Lansbury ward has the highest Tower Hamlets wards 2019 concentrations of households with St Katharine's & Wapping £47,331 a household income of less than Limehouse £43,068 £30,000 Canary Wharf £40,757 Island Gardens £37,614 Just over half (12) of the wards in Blackwall & Cubitt Town £37,399 Tower Hamlets had a median Spitalfields & Banglatown £34,069 household income less than the Whitechapel £33,936 Weavers £32,671 Borough average of £30,760 Bow East £30,370 The lowest median household Bow West £30,129 St Peter's £29,804 income is £22,638 in Lansbury Bethnal Green £27,726 Borough Median ward which is less than half of the Bromley South £26,201 Household highest median household income Income St Dunstan's £25,755 in St Katharine’s and Wapping Mile End £25,746 £30,760 Stepney Green £24,630 ward (£47,331). Bromley North £24,396 Shadwell £23,670 Poplar £23,243 Lansbury £22,683

Source 2019 CACI

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Household Income 2019

Household Income Distribution (percentage), Tower Hamlets Wards 2019 Lansbury 25 44 26 4 1 Poplar 23 44 27 4 1 Shadwell 23 43 29 5 1 Bromley North 22 42 30 6 1 Stepney Green 21 43 31 5 1 Mile End 20 40 32 7 2 St Dunstan's 20 41 33 6 1 Bromley South 19 40 33 7 1 Bethnal Green 16 39 35 7 2 Bow West 14 36 38 10 2 St Peter's 14 37 38 9 2 Bow East 14 36 38 10 3 Spitalfields & Banglatown 12 31 39 14 5 Whitechapel 11 31 40 13 5 Weavers 11 34 41 11 3 Blackwall & Cubitt Town 9 28 41 16 6 Island Gardens 8 28 42 16 6 Canary Wharf 8 24 42 19 8 Limehouse 7 23 41 20 9 St Katharine's & Wapping 4 19 44 23 11 Tower Hamlets 14 34 37 11 4 Outer London 13 37 39 9 2 Inner London 13 33 38 12 4 Greater London 13 35 39 10 3 England 16 38 37 7 2 <£15,000 £15-30,000 £30-60,000 £60-100,000 >£100,000

Source 2019 CACI

St Katharine’s & Wapping ward has the lowest percentage (24 per cent) of households with less than £30,000 household income and the highest percentage (34 per cent) of households with household income greater than £60,000. Lansbury ward has the highest percentage (69 per cent) of households with household income less than £30,000; this is almost 3 times the percentage of St Katharine’s & Wapping ward. 12 of the wards have greater percentage than the Borough average, (14 per cent,) of households with less than £15,000 household income.

Median Household Income From 2015 to 2017 the median Tower Hamlets, London, 2015-2019 household income for Tower

£30,760 Hamlets has increased by just 2019 under £3,000 in total however in £30,700 2018 the median household income £29,937 2018 fell back by over £1200.In 2019, the £30,677 median household income £31,234 increased again by £820. 2017 £31,901 Over the past four years the gap £29,896 between London and Tower 2016 £31,277 Hamlets median household

£28,505 incomes has decreased by £2,000 2015 £31,239 from £2,734 in 2015 to £740 in 2018. In 2019, the borough’s Tower Hamlets London median household income was slightly higher than London by £60 Source: CACI 2019 Page | 3 Intelligence and Performance 2019 Household Income 2019

Household Income Distribution Over the past 5 years the distribution of (percentage) Tower Hamlets 2015-2019 household incomes within Tower Hamlets has remained relatively stable. 2019 14 34 37 11 4 The percentage of households with a household income of between £60,000 2018 14 36 36 10 3 and £100,000 increased by 3 percentage points to 2017 but then decreased back to 2017 14 34 35 13 4 10 per cent in 2018. In 2019, this increased again by one per cent to11 per 2016 17 32 33 13 5 cent Between 2015 and 2019 the percentage 2015 18 36 33 10 3 of households with a household income of <£15,000 £15-30,000 £30-60,000 £60-100,000 >£100,000 £30-60,000 increased by 4 per cent and Source 2019 CACI those with less than £15,000 decreased by 4 per cent.

Source: CACI Data: 2019 Equivilised Paycheck data Pay check data provides gross household income estimates at postcode level for the UK. CACI uses data from Ocean, CACI’s lifestyle database, combined with data from the ONS’s Average Weekly Earnings and Living Costs & Food Survey, to build their income model. It is important to note that Pay check data is modelled annual household income data, presented as modelled gross household income (‘unequivalised’), and household income adjusted for household size (‘equivalised’). This means that the data is not based on real administrative datasets.

The 2019 household income data has been based on a household population for the borough of 130 837, calculated by CACI. All figures in this briefing are based on the 2019 ‘equivilised’ data set

Definitions: Equivilisation Equivalising data reflects the notion that a household of five, for example, will need a higher income than a single person living alone to enjoy a comparable standard of living. The equivilisation process takes a couple living with no children as a reference point and adjusts the incomes of larger households downwards relative to this benchmark (i.e. assumes that a higher income would be needed for a larger household to have the same standard of living). The incomes of smaller households are adjusted upwards relative to the reference household type, recognising that the same income would allow smaller households a better standard of living.

Find out more

For more in-depth analysis about Tower Hamlets, please visit the Borough Statistics page on the council’s website or get in touch with the team at [email protected].

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