OverviewDemographicsEarningsIndustryHousing

Southwark

Economic profile. Data last updated 2026-03-28.

Southwark supports 289,390 workplace jobs with median earnings 30% above the England average.

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Population

314,786

↑ 10.9%

England: 58,620,101

Workplace Jobs

289,390

Median Annual Earnings

£43,006

15th of 348

England: £33,080

Median House Price

£358,167

↑ 1.8%15th of 348

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£65,904

40th of 391

England: £63,763

Source: ONS, Nomis, HM Land Registry, 2024-2025·Last updated March 2026

Demographics & Population

Mid-year population estimates (2024) and Census 2021 age profile.

Mid-year population estimate of 314,786. Population has grown by 10.9% over five years. Working-age population (75.3%) is significantly above the England average.

Population

314,786

England: 58,620,101

Working-Age (16-64)

75.3%

England: 62.9%

Under 16

15.6%

Over 65

9.1%

Source: ONS Mid-Year Population Estimates, Census 2021, 2024·Last updated March 2026

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £43,006 are significantly above the England median of £33,080.

Median Annual

£43,006

England: £33,080

10th Percentile

£13,405

90th Percentile

N/A

90/10 Ratio

N/A

Gender Pay Gap

The gender pay gap is 18.6% (male median £47,479, female median £38,656). This is significantly below the England gap of 28.2%.

Gender Pay Gap

18.6%

England: 28.2%

Source: ASHE via Nomis, 2025·Last updated March 2026

Industry Structure

Location quotients and shift-share analysis for Southwark's economy.

The most specialised sectors are Information & communication (LQ 2.45) and Professional, scientific & technical (LQ 2.33). Information & communication shows the strongest local competitive advantage. Public administration & defence underperforms its national sectoral trend.

Largest Sector

Professional, scientific & technical

Most Specialised

Information & communication

England: LQ 2.45

Fastest Growing

Information & communication

Specialised Sectors

5

England: LQ > 1.25

Source: BRES via Nomis, 2020-2024·Last updated March 2026

Housing & Property Market

Estimated house prices for Southwark vs England, 2015-2025.

The median house price of £358,167 is significantly above the England median of £290,000. The price-to-earnings ratio is 8.3x. Prices have risen 1.8% over the past year.

Median Price

£358,167

England: £290,000

Price-to-Earnings

8.3x

12-Month Change

1.8%

Source: HM Land Registry, Census 2021, 2015-2025·Last updated March 2026

Benchmark to national figures

Comparing Southwark to England and Great Britain averages.

Southwark's median earnings of £43,006 are 31% significantly above the England average of £32,909. House prices are 31% significantly above the England median. The claimant rate of 5.7% is higher than the GB average of 3.5%.

Median earnings

£43,006

England: £32,909(31% above)
GB: £32,401(33% above)

Median house price

£358,167

England: £274,076(31% above)
GB: £269,841(33% above)

Claimant rate

5.7%

England: 3.6%(2.1pp higher)
GB: 3.5%(2.2pp higher)

GVA per job

£65,904

England: £61,178(8% above)
GB: £61,125(8% above)

Working-age population

75.3%

England: 62.1%(13.2pp higher)
GB: 61.9%(13.4pp higher)

Population change (5yr)

10.9%

England: 11.5%(0.6pp lower)
GB: 10.3%(0.6pp higher)

Country averages computed from local authority-level data (England: 294 LAs, GB: 348 LAs). May differ slightly from official published national statistics.