True cost of renting in Southwark
London · Rank #285 of 294 English areas · as of May 2026
What is the true monthly cost of renting in Southwark?
As of May 2026, the Gera True Monthly Outgoing (GTMO) in Southwark is £3,017/month: rent £2,394, council tax £164, utilities £150 and transport £309. At a £35,000/yr salary the Gera Disposable Income Ratio (GDIR) is -26.1% — ranked #285 of 294 English areas.
| Component | Monthly cost | Source |
|---|---|---|
| Private rent (all bedrooms) | £2,394 | ONS PRMS May 2026 |
| Council tax (Band D ÷ 12) | £164 | MHCLG 2026-27 |
| Utilities (London average) | £150 | ONS Family Spending FYE 2025 |
| Transport (London average) | £309 | ONS Family Spending FYE 2025 |
| Gera True Monthly Outgoing (GTMO) | £3,017 | Gera composite |
| Gross salary | Monthly net (HMRC 2026-27) | Remaining after GTMO | GDIR |
|---|---|---|---|
| £25,000/yr | £1,793/mo | £0/mo | -68.3% |
| £35,000/yr | £2,393/mo | £0/mo | -26.1% |
| £45,000/yr | £2,993/mo | £0/mo | -0.8% |
GDIR = (net monthly − GTMO) / net monthly × 100. Negative GDIR means outgoings exceed take-home pay at that salary.
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Southwark
Gera True Monthly Outgoing: £3,017/mo(rent £2,394 + council tax £164 + utilities £150 + transport £309)
Disposable Income Ratio: -26.1% of your £2,393/mo net income remains after essential outgoings.
Ranked #285 of 294 areas at your salary.
Full breakdown for Southwark →Most affordable areas at £35,000/yr gross
Sorted by Gera GDIR — highest disposable income ratio first.
- #1HartlepoolGTMO £1,232 · rent £561/mo48.5%
- #2BurnleyGTMO £1,309 · rent £622/mo45.3%
- #3County DurhamGTMO £1,315 · rent £638/mo45.1%
- #4Redcar and ClevelandGTMO £1,315 · rent £645/mo45.1%
- #5HyndburnGTMO £1,320 · rent £640/mo44.8%
- #6DarlingtonGTMO £1,342 · rent £676/mo43.9%
- #7SunderlandGTMO £1,342 · rent £701/mo43.9%
- #8PendleGTMO £1,347 · rent £652/mo43.7%
- #9North East LincolnshireGTMO £1,347 · rent £618/mo43.7%
- #10CumberlandGTMO £1,350 · rent £666/mo43.6%
GTMO = rent (ONS PRMS May 2026) + council tax (MHCLG 2026-27, Band D /12) + utilities (ONS Family Spending FYE 2025, region average) + transport (ONS Family Spending FYE 2025, region average). GDIR computed in your browser from your salary using HMRC 2026-27 rates. See the full methodology.
Frequently asked questions
- What does renting in Southwark really cost per month?
- The Gera True Monthly Outgoing (GTMO) in Southwark is £3,017/month (as of May 2026): average private rent £2,394 (ONS PRMS), Band D council tax £164/month (MHCLG 2026-27), utility bills £150/month and transport £309/month (both ONS Family Spending FYE 2025, London average).
- How much is left over from a £35,000 salary after renting in Southwark?
- At £35,000/yr gross (monthly net £2,393 after HMRC 2026-27 income tax and NI), the Gera GDIR in Southwark is -26.1%, meaning £-625/month remains after the Gera True Monthly Outgoing of £3,017.
- How does Southwark compare to the national picture?
- The median Gera GTMO across all 294 English areas is £1,862/month. Southwark is ranked #285 of 294 — in the more expensive half of English areas.
- Is the council tax figure Band D for everyone?
- The GTMO uses the MHCLG-published Band D area council tax for Southwark (£1967.26/year = £164/month) as a representative figure. Actual bills depend on property band, household composition (single-person 25% discount) and any local council-tax support. Band D is the statutory reference figure used by MHCLG.
Find rentals in Southwark
Browse verified rental listings in Southwark — the area where your salary goes reasonably far.
Data sources
Contains public sector information published by Office for National Statistics (ONS) and licensed under the Open Government Licence v3.0. Source: ONS — Price Index of Private Rents, UK: monthly price statistics (May 2026, published 17 June 2026).
Contains public sector information published by Ministry of Housing, Communities and Local Government (MHCLG) and licensed under the Open Government Licence v3.0. Source: MHCLG — Council Tax levels set by local authorities in England 2026 to 2027 (2026-27, published 2026).
Contains public sector information published by Office for National Statistics (ONS) and licensed under the Open Government Licence v3.0. Source: ONS — Family Spending in the UK: expenditure by region FYE 2025 (Table A35, row 4.4) (FYE 2025 (3-year average FYE 2023-2025), published 2026).
Contains public sector information published by Office for National Statistics (ONS) and licensed under the Open Government Licence v3.0. Source: ONS — Family Spending in the UK: expenditure by region FYE 2025 (Table A33, row 7, Transport) (FYE 2025 (3-year average FYE 2023-2025), published 2026).
Contains public sector information published by HM Revenue and Customs (HMRC) and licensed under the Open Government Licence v3.0. Source: HMRC — Income Tax rates and thresholds 2026-27 (2026-27, published 2026).