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Wealthiest areas in England and Wales are in Northern England

Wealthiest areas in England and Wales are in Northern England

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).

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.

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

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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