{"schemaVersion":"1.0","id":"what-a-home-costs-in-years","dataset":"affordability","title":"A home, measured in years of pay","description":"Nine years of median pay in 2005. Nearly twelve now.","methodology":"Average London house price each December divided by median gross annual pay for the same year, from the ONS Annual Survey of Hours and Earnings via NOMIS. December is used throughout so the ratio compares a like point in the cycle. The earnings series is ASHE's resident analysis — what people living in London are paid — rather than the workplace series, which measures what London's jobs pay and reads about £3,000 higher. Residence is the denominator this question needs: it asks what a home costs the people who live here.","category":"housing","categoryLabel":"Housing","cadence":"annual","placeholder":false,"landingPage":"https://londongraph.com/g/what-a-home-costs-in-years","markdown":"https://londongraph.com/g/what-a-home-costs-in-years/index.html.md","source":{"name":"ONS","url":"https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours","licence":"Open Government Licence v3.0","licenceUrl":"https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/"},"updatedAt":"2026-07-31T15:43:45.550Z","release":{"label":null,"publishedAt":null,"resourceUrl":null,"methodologyUrl":null,"sha256":null},"observations":[{"series":"","buckets":["2005","2006","2007","2008","2009","2010","2011","2012","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023","2024","2025"],"values":[9.06,9.88,10.69,8.74,9.05,9.55,9.82,10.33,11.51,13.16,14.55,15.01,14.7,14.19,13.92,13.73,14.56,14.49,13.05,12.43,11.83],"unit":"years of median pay","metadata":[{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{}]}],"areaStatistics":null,"visualizations":[{"id":"overview","label":"Trend","description":"Nine years of median pay in 2005. Nearly twelve now.","url":"https://londongraph.com/g/what-a-home-costs-in-years","renderer":"primary","default":true,"timeControl":"inherit","datasets":[],"transform":null,"controls":null,"metrics":[],"caveat":null},{"id":"change","label":"Change","description":"Show the change from each preceding published period.","url":"https://londongraph.com/g/what-a-home-costs-in-years?view=change","renderer":"delta","default":false,"timeControl":"inherit","datasets":[],"transform":null,"controls":null,"metrics":[],"caveat":null},{"id":"indexed","label":"Indexed","description":"Set each series' first visible value to 100 so relative change is comparable.","url":"https://londongraph.com/g/what-a-home-costs-in-years?view=indexed","renderer":"index","default":false,"timeControl":"inherit","datasets":[],"transform":null,"controls":null,"metrics":[],"caveat":null}],"availability":"observations","note":"The release is complete for the measures represented on the graph page."}