High costs associated with housing along with poor wage growth, has led to the fall of living standards and levels of disposable income amongst Londoners. Interestingly, a study undertaken by The Resolution Foundation reports typical incomes between London and the rest of the UK (before housing costs) were £28,600 and £26,400 respectively. However, once housing costs were accounted for, Londoners (£21,350) kept less of their income in contrast to the rest of the UK (£22,250). With these statistics in mind, it is not a surprise an increasing number of people (particularly the early 30s) are leaving the UK capital for more affordable housing; better living standards and more disposable income.
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