Cost of living in Tower Hamlets
Data last updated: 14 May 2026
Page last reviewed: 14 May 2026
Rent in Tower Hamlets
The average monthly rent in Tower Hamlets is £2,396.
- 1 Bed£1,946 /mo
- 2 Bed£2,362 /mo
- 3 Bed£2,681 /mo
- 4+ Bed£3,308 /mo
Source: ONS Price Index of Private Rents (PIPR)
Earnings in Tower Hamlets
The average annual salary for residents of Tower Hamlets is £45,183.
We use the median (middle value) as the average throughout this site. This is more representative than the mean, which can be skewed by extremely high or low values.
Source: ONS Annual Survey of Hours and Earnings (ASHE)
Got a job offer in Tower Hamlets?
Use our salary calculator to see your take home pay and how it compares to the local average.
Average house prices in Tower Hamlets
The average house price in Tower Hamlets was £500,000.
- Semi-detached£886,000
- Terraced£845,000
- Flat£475,000
How house prices have changed in Tower Hamlets
Average house prices over time, based on quarterly rolling-year medians from Land Registry data.
Source: ONS / HM Land Registry. Historical trend based on quarterly rolling-year median prices.
Council tax in Tower Hamlets
Band D council tax in Tower Hamlets is £1,838 per year.
- Band A£1,225
- Band B£1,429
- Band C£1,634
- Band DBenchmark£1,838
- Band E£2,246
- Band F£2,655
- Band G£3,063
- Band H£3,676
Source: MHCLG / Scottish Government / Welsh Government
Energy costs in Tower Hamlets
A typical household in Tower Hamlets pays approximately £1,641/year (£137/month) for gas and electricity.
Energy region: London
This estimate is based on the Ofgem price cap for a typical dual-fuel household using 2,700 kWh of electricity and 11,500 kWh of gas per year, paying by Direct Debit. Your actual costs will depend on your usage, tariff, and whether you're on a fixed deal.
Source: Ofgem Energy Price Cap, Q2 2026
Water costs in Tower Hamlets
The average annual water and sewerage bill for Thames Water customers is £666/year (£56/month).
Water company: Thames Water
Water bills vary based on whether you have a meter and your household's water usage. This figure is the company average for unmetered customers.
Source: Water UK / Discover Water, 2026-27
Want a personalised estimate?
Adjust for your household size, housing type and transport to get a monthly cost tailored to you.
Crime in Tower Hamlets
There were 1,064 recorded crimes per 10,000 people in Tower Hamlets, which is above the national average of 813.2. Tower Hamlets ranks #263 out of 303 areas for lowest crime rate.
Recorded crime statistics reflect crimes reported to and recorded by police. They may not capture the full picture of crime in an area, and recording practices vary between forces.
Source: Home Office police recorded crime, Year ending December 2025
Compare Tower Hamlets with another area
Nearby areas
Explore the cost of living in areas close to Tower Hamlets.
Frequently asked questions about Tower Hamlets
Data on this page is sourced from: ONS Price Index of Private Rents (PIPR), Scottish Government Private Sector Rent Statistics, ONS Annual Survey of Hours and Earnings, ONS / HM Land Registry House Price Statistics, MHCLG / Scottish Government / Welsh Government council tax data, Ofgem Energy Price Cap, and Water UK / Discover Water. All official data is published under the Open Government Licence.