Housing Needs Assessment 2006 - Westminster City Council

Westminster – Housing Needs Assessment 20066.7 SummaryThe collection of financial information is a fundamental part of any assessment of housing need.The survey estimates that mean annual gross household income (including non-housing benefits) inthe City of Westminster is £45,587. The average conceals wide variations among different tenuregroups with households in social rented housing showing average incomes significantly below theCity average.Having collected detailed information on the local housing market and the financial situation ofhouseholds it is important to use appropriate affordability measures to assess their ability to affordmarket priced housing in City of Westminster. A combined affordability test is used to assesswhether they can afford to either buy or rent a property of a suitable size.PAGE 66