Predicting the UK’s highest disposable incomes by 2030

Which UK areas’ GDHIs have grown the most recently, and where will they be in a few years’ time?

Analysing ONS revenue data from 1997 to 2022, OLBG has revealed the UK areas with the highest average GDHIs, highlighting the locations that have experienced the biggest rise over the last 10 years and predicting where these figures might be by 2030.

Kensington and Chelsea expected to stay top the list by 2030

Running the data from 1997 through a linear forecast, it’s predicted that Kensington and Chelsea is set to remain the area with the highest average GDHIs in the UK (£76,643). Comparing this to the lowest predicted area, Blaenau Gwent in Wales (£12,427), the gap is drastic.

In fact, the gap between first and second is also significant. Whilst Westminster comes second, with a predicted GDHI of $49,827, Kensington and Chelsea’s figure is a huge 54% higher.

London dominates the list, with no areas outside the south making it into the top 10 either. Camden, comes in third place, with a predicted disposable income of £39,395 by 2030; followed by Hammersmith and Fulham (£38,200).

The table below shows which UK areas are predicted to have the highest GDHI by 2030:

Northern cities have seen the biggest increase in GDHI over the last 10 years

In first place, with a 28.8% increase in GDHI compared to 2012, is Barrow-in-Furness, located in Cumbria. Households now have an average disposable income of £19,046, compared to £14,786 in 2012.

Manchester has also seen a significant boom in disposable income over the last 10 years, experiencing an increase of 28.3%. Diving into the numbers, average GDHI in 2022 was £15,389, over £3,000 more than 2012.