Have you ever wandered why there is so much fuss made about providing free accommodation for NHS staff near hospitals? Here’s the rental data to show why landlords should help.
The answer is highlighted by research published today that shows how nurses in London must fork out 87% of their monthly net salary on rent and more than a month’s wages on a deposit.
Rental deposit scheme Ome set out to highlight the problem faced by hard-working frontline staff in the capital and found that the average rent of £1,905 around London hospitals is 124% higher than the national average.
It looked at the average house price for each hospital postcode, the average cost of renting each month, the rental deposit required and how much of their salary an average nurse needs to pay out.
When it comes to renting, the average monthly cost around hospital sites in England comes in at £891 – 5% higher than the average across England and accounts for 47% of the average nurse’s salary.
It suggests that the average nurse needs to find £1,114 upfront for a rental deposit, compared to an average of £1,065 across England as a whole. This deposit cost alone accounts for 59% of the average nurse’s monthly wage.
Ome co-founder Matthew Hooker says: “We wanted to highlight the high cost of securing a place to live close to their place of work and the importance of providing temporary accommodation while they fight to keep the nation safe.
“This opens a wider conversation surrounding the affordability of housing throughout the UK and the current impact this is having on key workers during the COVID-19 pandemic.
“The heroic efforts made by the nation’s nurses to keep us safe must be matched by the nation’s efforts to keep an affordable roof over their heads and mitigate any worries they may have surrounding housing costs.”