Wealthiest areas in England and Wales are in Northern England
Howard Lake | 15 May 2003 | News
Barclays Private Clients, the wealth management arm of Barclays, has identified that eight of the top ten wealthiest places in England and Wales are in the North of England.
Tatton in Cheshire, home to David and Victoria Beckham, comes top of the list as the “real wealthiest” place in England and Wales. The figures for the actual value of disposable incomes across the regions are based on combining detailed salary and cost of living data.
Tatton tops the table with an average salary of £29,303, which is worth £41,506 when the cost of living in the area is taken into account. This beats Kensington and Chelsea, which boasts the highest average salary in the country (£40,951), into third place behind Sheffield Hallam (£29,150 and £41,289).
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According to the research the distribution of disposable wealth across England and Wales is therefore much broader than typically believed. Of the top 50 ‘real’ wealthiest places in England and Wales the North-West has twelve, the South-West nine, Yorkshire seven, the West Midlands six, the East Midlands five, London just four, the South-East three, Wales two and the North-East and East one each.
Top 10 wealthiest places in England and Wales 2003
The top ten are as follows:
|
Constituency
|
Estimated
Average Salary
|
Cost
of Living Adjusted Salary
|
|---|---|---|
| Tatton | £29,303 | £41,506 |
| Sheffield, Hallam | £29,150 | £41,289 |
| Kensington and Chelsea | £40,591 | £40,591 |
| Leeds North East | £28,300 | £40,085 |
| Macclesfield
| £27,613 | £39,112 |
| Altrincham and Sale West | £26,956 | £38,181 |
| Cheadle | £26,664 | £37,768 |
| Harrogate and Knaresborough | £25,953 | £36,761 |
| Warwick and Leamington | £26,511 | £36,617 |
| Haltemprice and Howden | £25,561 | £36,205 |
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.