OverviewDemographicsEarningsIndustryHousing

Tower Hamlets

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

Tower Hamlets supports 344,600 workplace jobs with median earnings 37% above the England average. Productivity (GVA per job) is ranked 4th of 391 local authorities.

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Population

331,886

↑ 33.5%

England: 58,620,101

Workplace Jobs

344,600

Median Annual Earnings

£45,183

6th of 348

England: £33,080

Median House Price

£376,297

↑ 1.8%6th of 348

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£80,230

4th 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 331,886. Population has grown by 33.5% over five years, significantly above the England rate of 11.4%. Working-age population (77.2%) is significantly above the England average.

Population

331,886

England: 58,620,101

Working-Age (16-64)

77.2%

England: 62.9%

Under 16

16.9%

Over 65

5.9%

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

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £45,183 are significantly above the England median of £33,080.

Median Annual

£45,183

England: £33,080

10th Percentile

£12,615

90th Percentile

N/A

90/10 Ratio

N/A

Gender Pay Gap

The gender pay gap is 6.0% (male median £47,184, female median £44,333). This is significantly below the England gap of 28.2%.

Gender Pay Gap

6.0%

England: 28.2%

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

Industry Structure

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

The most specialised sectors are Financial & insurance (LQ 6.24) and Information & communication (LQ 2.61). Information & communication shows the strongest local competitive advantage. Human health & social work underperforms its national sectoral trend.

Largest Sector

Financial & insurance

Most Specialised

Financial & insurance

England: LQ 6.24

Fastest Growing

Information & communication

Specialised Sectors

3

England: LQ > 1.25

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

Housing & Property Market

Estimated house prices for Tower Hamlets vs England, 2015-2025.

The median house price of £376,297 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

£376,297

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 Tower Hamlets to England and Great Britain averages.

Tower Hamlets's median earnings of £45,183 are 37% significantly above the England average of £32,909. House prices are 37% significantly above the England median. The claimant rate of 6.7% is higher than the GB average of 3.5%.

Median earnings

£45,183

England: £32,909(37% above)
GB: £32,401(39% above)

Median house price

£376,297

England: £274,076(37% above)
GB: £269,841(39% above)

Claimant rate

6.7%

England: 3.6%(3.1pp higher)
GB: 3.5%(3.2pp higher)

GVA per job

£80,230

England: £61,178(31% above)
GB: £61,125(31% above)

Working-age population

77.2%

England: 62.1%(15.1pp higher)
GB: 61.9%(15.3pp higher)

Population change (5yr)

33.5%

England: 11.5%(22pp higher)
GB: 10.3%(23.2pp higher)

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