A new study has revealed how Britain’s richest borough has some of the lowest wages in London – but its wealthy residents are the country’s top earners.
Average salaries for advertised jobs in the Royal Borough of Kensington and Chelsea are under £30,000, according to a study by jobs site Adzuna.
Jobs near Sloane Square tube station pay an average of £25,686, South Kensington offers £26,447 and High Street Kensington is marginally better with average salaries of £29,367.
But statistics show the affluent borough is home to Britain’s top earners.
A new study has revealed how Britain’s richest borough has some of the lowest wages in London – but its wealthy residents are the country’s top earners
Figures released by the Office of National Statistics last year show residents of Kensington and Chelsea had the highest income in the country – an average salary of £158,000.
In contrast, the Adzuna study found jobs in Tower Hamlets – one of the capital’s poorest boroughs, where residents earn an average of £41,800 – offered much higher salaries.
Jobs near Shoreditch High Street paid an average salary of £37,074, those near Tower Hill pay £30,118 on average.
London’s highest paying jobs were all found in Zone 1 – with jobs in the Barbican district, famed for its arts centre and expensive flats, paying over £52,700.
Average salaries for advertised jobs in the Royal Borough of Kensington and Chelsea (above, file photo) are under £30,000 but its residents are the country’s top earners
Jobs near Sloane Square tube station pay an average of £25,686, South Kensington offers £26,447 and High Street Kensington is marginally better with average salaries of £29,367. Above, a file photo shows Chelsea town houses
The next highest paying locations are City Tube stops Monument, Bank, and Cannon Street, all over £51,000.
The lowest paid jobs in the capital were found close to Uxbridge in west London, with average pay of £21,786.
Other low-paying areas were near to Hounslow (£22,437) and Hornchurch in east London (£22,565).
The high number of well-paid jobs around Bank help make the Waterloo and City the highest paid Tube line (with an average of just under £51,000), followed by the Circle line (£47,738).
Jobs in Knightsbridge – home to world-famous department store Harrods – pay an average salary of just £25,686 a year
In contrast, workers near Tottenham Court Road (pictured, file photo) earn an average salary of £37,746 a year
Doug Monro, co-founder of Adzuna, said: ‘Jobseekers hoping for a step up the pay scale can pinpoint better-paid positions by looking closely at location.
‘Roles in central London typically come hand in hand with more money, with positions near tube stops Barbican, Monument and Bank proving most lucrative.
‘But there are some exceptions for workers reluctant to commute – if you know where to look.’
Mr Monro adds that the Elizabeth line, due to launch a year from now, will connect one of these high-paid hotspots – Canary Wharf – to other areas of London.
Jobs near Shoreditch High Street paid an average salary of £37,074, those near Tower Hill pay £30,118 on average. File photo
The Adzuna study found jobs in Tower Hamlets – which includes Canary Wharf (above) – offered much higher salaries
Jobs in Tower Hamlets – one of the capital’s poorest boroughs – paid its workers higher wages than those in Kensington. Above, Cranbrook Estate in Tower Hamlets
‘Londoners love to argue about whose Tube line is the best, and in terms of pay the Waterloo & City line takes top place in the commuting charts, with the Circle and Central lines following close behind,’ he added.
‘Meanwhile, Victoria line commuters may boast of frequent tubes and a speedy service, but this research conclusively shows jobs located along the Victoria line route offer the lowest pay, proving the Victoria line is not where the money is.’