Employment and business statistics

Economic Profile - Prosperity

Qualifications

Wandsworth has a very well qualified workforce, receiving above average earnings compared to other London residents.

According to the 2011 UK Census, 53.6% of usual residents aged 16 and over had Level 4 qualifications and above (degree level or higher), the second highest proportion nationally outside the City of London.

Correspondingly, the proportion of residents with no qualifications, Level 1 (1+ GCSE or equivalent) qualifications and Level 2 (5+ GCSEs Grade A to C or equivalent) were amongst the lowest in the country.

33.1% of Wandsworth's full-time students aged 18 to 74 were also in employment, higher than the Inner London (28.7%) and London (31.4%) averages.

Between 2001 and 2011, the number of usual residents with Level 4 qualifications and above increased by 42%, leading to a 6.3 percentage point increase in the proportion of the population. This was offset by a reduction in the number of people with lower level qualifications. The number of full-time students aged 18 to 74 living in the borough increased by 32% over the decade.

Hours and Earnings

The Office of National Statistics' annual survey of hours and earnings (as shown on www.nomisweb.co.uk Labour Market Report) found that the gross weekly pay of full time workers living in Wandsworth to be £689.70 compared to the London average of £613.30 and GB average of £508.

Prosperity Profile

According to a Local Futures Place Profile (© 2012) prosperity scoring, Wandsworth is ranked 7 out of 408 districts on a prosperity score, indicating incomes amongst the resident population in the top 20% of districts nationally. The report found that:

"At £49,500, the average total income in Wandsworth is well above the national median, with the area ranking in the top 20% of districts nationally. By comparison, the London Central figure is £63,170 and the national figure is £26,845.

At £535,290, the average house price in Wandsworth is very high, with the area ranking in the top 20% of districts nationally. By comparison the London Central figure is £718,039 and the national figure is £238,638."

Safety

Wandsworth had the lowest crime rate in inner London with the number of offences continuing to fall, according to Local Futures, reiterating the borough's reputation as a safe area and attractive to incoming investors as well as residents.