Housing Needs Assessment 2006 - Westminster City Council

15. Key worker householdsThe table suggests that generally key worker households have slightly higher income levels thannon-key worker households (those in employment). The table also indicates that the range of keyworker households’ incomes is smaller than that of non-key worker households. The lower quartileincome of £28,500 for key worker households would not enable them to purchase a home withinWestminster, but this is true of the lower quartile income of non-key worker households inemployment. Key worker households however have a lower level of savings than non-key workerhouseholds. In comparison with all households, income levels for both key worker and non-keyworker households are above the City average although, for key worker households, savings levelsare below.CategoryTable 15.7 Income and savings levels of key worker householdsGross household income (including non-housingbenefits)LowerQuartileMedianMeanUpperQuartileMeanhouseholdsavingsAll key worker household £28,500 £46,878 £61,660 £62,500 £8,113All non-key worker (inemployment)£23,750 £43,512 £60,453 £73,000 £22,765All other households (no-oneworking)*£5,750 £9,546 £18,391 £17,750 £15,205All households* £10,250 £26,902 £45,587 £62,500 £19,144* These do not include student householdsSource: City of Westminster Housing Needs Survey 2006It is possible to consider the ability of key worker households to afford both minimum marketprices and intermediate forms of housing and this is presented in the table below for all key workerhouseholds and those key worker households that need/are likely to move in the next five years.This assessment includes key worker households that are currently owner-occupiers. The equityavailable to owner-occupiers is included in the assessment of their ability to afford.PAGE 141