Marvin OnumonuA new study by CV Maker found big pay gaps across London’s boroughs, with City of London workers earning almost 66% more than the average of £770 a week across England.
The analysis of Office for National Statistics (ONS) data showed that the median gross weekly earnings for full-time employees varied sharply, with City workers earning nearly £30,000 more a year than those in Redbridge, which had the lowest pay.
The City of London came out top, with median weekly pay at £1,278.50.
Tower Hamlets was next at £1,251.20, just £27.30 behind.
Camden followed with £1,038.20, then Westminster at £1,022.50 and Islington at £1,006.80.
Hammersmith and Fulham had £970.60, Hackney £958.20, Southwark £957.60, Lambeth £920.70 and Lewisham £869.30.
All of the top 10 paid more than the England average, with Lewisham offering 13% more than the national figure.
At the lower end, Redbridge was the lowest-paying borough with a median weekly wage of £710.60, at 92% of the national average and just 56% of the City of London figure.
Bexley was next lowest at £718.50, then Merton at £747.00, Harrow at £757.30 and Sutton at £764.10.
London’s lowest-paying areas still came in around or just below the national average, but the gap between highest and lowest earners was clear.
Kensington and Chelsea, despite its wealthy reputation, ranked 14th for pay at £853.50, lower than East London boroughs like Tower Hamlets and Hackney.
Newham, traditionally seen as deprived, ranked 11th with £864.70, placing it above more affluent areas like Richmond upon Thames, which had £796.00.
Nicky Klaasse, CEO at CV Maker, said: “These statistics show the disparities across London’s boroughs, with the highest-earning areas clustered around financial districts rather than traditionally wealthy residential neighbourhoods.
“The data highlights how dramatically location can impact earning potential even within the same city.
“What’s particularly interesting is seeing boroughs like Tower Hamlets and Hackney ranking so highly.”
Klaasse added: “These areas have undergone significant economic transformation in recent years, attracting high-paying industries and skilled professionals.
“For job seekers, understanding these regional variations can be valuable when considering where to focus their search.
“A role in the City or Canary Wharf might offer substantially higher earnings than the same position elsewhere in London.”
