OverviewDemographicsEarningsIndustryHousing

Westminster

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

Westminster supports 811,210 workplace jobs with median earnings 37% above the England average. Productivity (GVA per job) is ranked 3rd of 391 local authorities.

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Population

209,996

↓ 3.3%

England: 58,620,101

Workplace Jobs

811,210

Median Annual Earnings

£45,172

7th of 348

England: £33,080

Median House Price

£376,206

↑ 1.8%7th of 348

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£80,275

3rd 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 209,996. Population has declined by 3.3% over five years, significantly below the England rate of 11.4%. Working-age population (74.9%) is significantly above the England average.

Population

209,996

England: 58,620,101

Working-Age (16-64)

74.9%

England: 62.9%

Under 16

12.5%

Over 65

12.6%

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

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £45,172 are significantly above the England median of £33,080.

Median Annual

£45,172

England: £33,080

10th Percentile

£14,274

90th Percentile

N/A

90/10 Ratio

N/A

Gender Pay Gap

The gender pay gap is 18.0% (male median £51,723, female median £42,410). This is significantly below the England gap of 28.2%.

Gender Pay Gap

18.0%

England: 28.2%

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

Industry Structure

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

The most specialised sectors are Information & communication (LQ 2.60) and Financial & insurance (LQ 2.34). 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 2.60

Fastest Growing

Information & communication

Specialised Sectors

10

England: LQ > 1.25

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

Housing & Property Market

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

The median house price of £376,206 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

£376,206

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 Westminster to England and Great Britain averages.

Westminster's median earnings of £45,172 are 37% significantly above the England average of £32,909. House prices are 37% significantly above the England median. The claimant rate of 4.1% is higher than the GB average of 3.5%.

Median earnings

£45,172

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

Median house price

£376,206

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

Claimant rate

4.1%

England: 3.6%(0.5pp higher)
GB: 3.5%(0.6pp higher)

GVA per job

£80,275

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

Working-age population

74.9%

England: 62.1%(12.8pp higher)
GB: 61.9%(13pp higher)

Population change (5yr)

-3.3%

England: 11.5%(14.8pp lower)
GB: 10.3%(13.6pp lower)

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