Northern Ireland rent typically takes up quarter of income, new figures suggest

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Northern Ireland rent typically takes up quarter of income, new figures suggest
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However new figures show that rent typically took up a third of income for low-income households.

New figures suggest a typical private renting household in Northern Ireland spent a quarter of their gross income on rent last yearThe typical private-renting household spent a quarter of its gross income on rent last year, new figures suggest.An area is considered affordable if private rent costs less than 30% of the income of tenants., suggest the average monthly income for private renters in Northern Ireland is £2,635.

It suggests that typical private rents in Northern Ireland are slightly less affordable than in poorer regions of Wales and England, such as the north east.

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