The average rent in Ceredigion costs nearly a third of the area's median wage, new figures show. Campaign group Generation Rent said the next government must tackle the cost of rent by building more homes and stopping landlords from raising rent above wage growth or inflation. Office for National Statistics figures show the average rent in Ceredigion was £629 a month in May.
Separate data from the ONS show the median wage for the same month was £2,032 in the area – meaning rent accounted for 31 per cent of the monthly income for an average individual. Your weekly horoscope with Russell Grant Helicopter rescue on popular Ceredigion beach Aberystwyth School of Art host gardening-inspired display Save money and the planet with Meirionnydd school uniform swap shops The figures are based on individual wages – cohabiting couples or those living in house shares will see rent shared between multiple wages. Regionally, London saw rent take up the highest proportion of wages.
Its average rent of £2,086 accounted for 74 per cent of the median monthly income. In Wales, the average rent was £736. It accounted for 33% of the £2,240 median wage.
Ben Twomey, chief executive of Generation Rent, said: "Prices in the shops may have stopped rising so quickly, but renters are still seeing our single biggest cost go up faster than our incomes. "Landlords can raise the rent as high as they think they can get away with and use the threat of a no-fault eviction to bully their tenants to acce.
