Housing Needs Assessment 2006 - Westminster City Council

Westminster – Housing Needs Assessment 2006Figure 6.1 Distribution of annual gross household income(including non-housing benefits)30%25%22.1%25.7%20%18.7%15%12.9%11.6%10%5%2.6%6.3%0%up to £10k £10k-£20k £20k-£30k £30k-£40k £40k-£50k £50k-£60k £60k+Source: City of Westminster Housing Needs Survey 20066.3 Household Savings and EquityThe average household has £19,144 in savings (median of £3,827). The figure below shows thedistribution of savings in the City.Over a third of households had no savings at all whilst 6.1% had savings of over £40,000.Households with no savings also include those in debt.Figure 6.2 Household savings40%35%34.3%30%25%20%15%20.9%18.4%16.3%10%5%3.9%6.1%0%NosavingsUnder £5k £5k - £10k £10k -£20k£20k -£40kOver £40kSource: City of Westminster Housing Needs Survey 2006PAGE 60