Rent in Ipswich up 25% compared to 14.3% pay rises

Property & Planning

Rent in Ipswich up 25% compared to 14.3% pay rises

Concerning new data has revealed a massive shortage of homes for rent at reasonable prices in Ipswich. Since 2011, a surge in the cost of rent hasn't been matched by salary growth, leaving many workers out of pocket and struggling to cover the costs of renting a property.

A new study by GMB shows that between 2011 and 2018 rent prices for 2 bedroom flats in Ipswich increased by 25% to an average of £625 per month, whilst over the same period, monthly earnings increased by just 14.3%.

The figures are even more worrying in Mid Suffolk where the cost of rent has increased 27.5%, with salary growth creeping up just 3.4% over the same period.

Policy mistakes have made the housing position for lower paid workers worse. Council homes for rents at reasonable levels were aimed at housing the families of workers in the lower pay grades and did it successfully for generations. These were sold off - but crucially not replaced.

Warren Kenny, GMB Regional Secretary

About this story: GMB sourced the data for this study from the Private Rental Market Summary Statistics; Valuation Office Agency and the Annual Survey of Hours and Earnings 2011 and 2018; Office for National Statistics.

Crime

Four arrested following Ipswich burglary

Read the story

In The Community

Cycling event cancelled due to weather warnings

Read the story

Environment

Ipswich is one of the UK's greenest areas

Read the story
Queen Street, Ipswich

Local Government

More than 1,000 children left in school transport limbo

Read the story

Property & Planning

New 19-unit Ipswich business centre given the green light

Read the story
‘Save Suffolk’s Children’s Centres’ petition reaches over 1,000 signatures

In The Community

New multi-venue music festival coming to Ipswich

Read the story
Police appeal after teenager sustains stab injury

Local Government

Could a new supermarket be heading to Ipswich town centre?

Read the story

In The Community

Two Ipswich parks have again been awarded Green Flags

Read the story

Where do you call home?

Please enter your postcode to continue. We'll remember it for next time.

We use your postcode and cookies to improve our service and personalize our content based on where you live. By continuing to use the site you consent to our cookies and agree to the terms of our privacy policy.