GeraJobs / Gera Real Pay Index / London
London Real Pay — Gera Real Pay Index
In London, the nominal median salary is £41,034, but after adjusting for local cost of living it is worth £25,811 — a Gera Real Pay Index of 75.1 (region average = 100), below average.
Does your salary go far in London after cost of living?
In London, the nominal median salary is £41,034, but local costs are 59% dearer than the England-region average, giving a cost-equivalent "real" pay of £25,811 — a Gera Real Pay Index of 75.1 (average = 100), below average. Real ONS, Land Registry and MHCLG data; GeraJobs re-dates quarterly.
Gera Real Pay Index
London ranks #9 of 9 English regions for how far salary goes. Nominal £41,034 → real £25,811 at cost level 159.0.
How this is calculatedHow London's real pay is calculated
| Nominal median salary (ONS ASHE) | £41,034 |
| Average house price (Land Registry) | £574,624 (190% of regional mean) |
| Band D council tax (MHCLG) | £2,090/yr (87% of mean) |
| Cost level (100 = 9-region average) | 159.0 |
| Real (cost-equivalent) pay | £25,811 |
| Gera Real Pay Index | 75.1 |
Real pay = nominal median × (100 ÷ cost level). Cost level blends real house prices (0.70) and Band D council tax (0.30) for the 33 local authorities ONS/Land Registry publish in London. Full methodology.
Find your real (cost-adjusted) pay
Pick an occupation and an English region, then optionally enter your salary. We compare it to the real ONS median and show your cost-of-living-equivalent pay and national percentile.
In London, a Other nursing professionals has a nominal median of £47,282, worth £29,737 in cost-equivalent terms (cost level 159.0, average = 100).
Enter your salary above to see your real pay and national percentile.
Real pay by occupation in London
- Other nursing professionals£29,737 real
- Production managers and directors in manufacturing£51,184 real
- Other administrative occupations n.e.c.£21,345 real
- Sales accounts and business development managers£41,957 real
- Warehouse operatives£18,905 real
- Secondary education teaching professionals£32,047 real
- Financial managers and directors£72,664 real
- Programmers and software development professionals£47,356 real
London real pay — FAQ
- What is the Gera Real Pay Index for London?
- The Gera Real Pay Index for London is 75.1 (England-region average = 100), ranking #9 of 9. Its nominal median of £41,034 adjusts to £25,811 in cost-equivalent terms because the region's cost level is 159.0 (100 = average).
- Why is London's real pay lower than its nominal pay?
- London's cost level is 159.0 versus a 9-region average of 100. Average house prices are 190% of the regional mean and Band D council tax is 87% of the mean. Above-average costs erode the same nominal salary, so cost-equivalent pay is £25,811.
- Is the London figure real government data?
- Yes. The nominal median is aggregated from real ONS ASHE regional medians (full-time, April 2025). The cost level uses real HM Land Registry house prices and MHCLG Band D council tax for 33 and 33 local authorities in London. All OGL v3.0; nothing is modelled.
Compare other English regions
Get the Gera Real Pay Index when the data refreshes
House prices and ASHE salaries refresh on a quarterly/annual cadence. Save your email and we'll send updated real-pay figures when the inputs change.
Sources: Office for National Statistics — Annual Survey of Hours and Earnings (ASHE) (Median gross annual pay (GBP), full-time employees, ASHE 2025 provisional, April 2025 reference period); HM Land Registry UK House Price Index (April 2026); MHCLG Council Tax levels in England (FY2026-27). All OGL v3.0. The Gera Real Pay Index for London is computed by GeraJobs from these figures; no figure is modelled or interpolated.