Comment: St Albans is home to 4,000 high earners - but can they afford a house?
- Credit: Archant
Another week, another poll placing St Albans among the richest areas in the country.
This time the city’s been named as a high earner hotspot, ranking tenth in a countdown of British boroughs whose residents earn over £150,000.
Super-swanky Kensington and Chelsea topped the list, with 12,000 residents earning over £150k, followed by a handful of other London boroughs.
St Albans came in tenth place with a very respectable 4,000 particularly well paid residents, placing it level with Bromley, Lambeth, Merton, Southwark, Tower Hamlets and Edinburgh.
Not surprisingly, it’s the capital that’s home to the majority of the UK’s highest earners – 38 per cent – according to the study of HM Revenue and Customs data by personal finance website easyMoney.
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These sorts of stories – the ones featuring St Albans alongside words like “expensive” and “rich” – crop up regularly and, if our web traffic is anything to go by, we all love reading about them.
A quick scan of our recent property stories shows that St Albans was named as “the most expensive commuter town in Britain” only a couple of months ago.
Not surprisingly, the city pops up just as regularly on best places to live lists – most recently in January, when it placed ninth on the latest Halifax Quality of Life index. Rich people live in nice areas. No surprise there, then.
What would be more surprising would be a list like this that didn’t feature St Albans.
- 1 Teenager strangled in attack in St Albans park
- 2 The latest court results for the St Albans area
- 3 Oaklands College being investigated for breach of planning over nursery closure
- 4 150 homes plan for Green Belt land in north St Albans is approved
- 5 Revealed: The areas of Hertfordshire with the most consistent house price growth
- 6 St Albans nursery given six weeks' notice warning of potential closure
- 7 St Albans violent crime: Recreational drug users 'feeding' County Lines
- 8 Cheers! Great Northern pub set to host beer and cider festival
- 9 St Albans violent crime: Teen drugs gang behind spate of attacks on rivals found guilty
- 10 Harpenden arrest in connection with St Albans council fraud probe
Those of us languishing on lower tax bands can find solace in the fact that the well remunerated 4,000 are in the minority, while reminding ourselves that , when it comes to property at least, even they may not be able to afford much in St Albans.
Indeed, those who only just make the £150,000 cut off won’t necessarily be living in multi-million pound mansions – after tax that stands at about £90,000, which, as we all know, won’t get you very far in St Albans.