Lowest paid professions paying over 10% of salary on rental deposits
Hamilton Fraser’s deposit replacement scheme, Ome, has looked at the current cost of a rental deposit and what this equates to as a percentage of the annual net salary across 20 UK professions, as well as how long it takes each profession to save the required amount.
Ome looked at the current average cost of a deposit paid across the Hamilton Fraser database and the annual net salary currently available across 20 professions to see how this initial financial hurdle varied depending on career path.
Using the 50/30/20 rule, a financial rule of thumb whereby a person should budget 50% of income towards necessities like bills, 30% towards wants such as social activities and 20% towards financial goals such as paying other debts or saving for retirement, Ome also looked at how long it would take each profession to save a rental deposit with 20% of their monthly income.
Although Ome recently found that the cost paid for a rental deposit is due to drop for the first time since 2015, it still requires UK tenants to pay out £1,299.
By gender
With a current annual net wage of £29,068, the average male tenant is paying 4.5% of their yearly income to secure a rental property, while the average female tenant is paying 6.6%.
Based on the 50/30/20 rule it would take the average male 2.7 months to save the current rental deposit of £1,299, while the average female would need to save for a further 1.3 months to accumulate the same total.
By profession
Looking at professions, the financial hurdle of a rental deposit is the highest for hairdressers and with an annual net wage of £12,071, the average deposit accounts for a huge 10.8% of their annual income, taking over half a year to accumulate (6.5 months).
A cleaner can expect to fork out 9.1% of the annual £14,305 earnings for the average rental deposit, taking them 5.4 months to save, while a secretary will need to save 8.4% of their salary and save for 5.1 months.
A chef, estate agent, clergy member, nurse, marketeer, plumber, IT technician and electrician would also be required to tuck away five percent or more of the average net salary to cover the cost of a rental deposit.
For a pilot (2.3%), doctor (2.6%) or lawyer (3.4%), the cost of securing a rental property is far more marginal and would only require them to save for between 1.4 and 2.1 months.
Co-founder of Ome, Matthew Hooker, commented:
“For the vast majority of people and professions, the initial barrier of a rental deposit is more of a cash flow problem than an affordability issue. While it can account for as much as 10% of some people’s annual wage, the struggle they face isn’t necessarily having the finances to do pay it, just that it’s not immediately accumulated and readily available and can take as long as six months to save.
As a result, many of us have to turn to friends or family to help overcome this initial obstacle and many great tenants that don’t have this option can miss out on the chance to rent altogether. Thankfully, we’re starting to see a change in the sector whereby more products and options are available to suit help vast and varied range of tenants reliant on it to put a roof over their heads.”
|
Profession
|
Annual Net Salary
|
Average deposit
|
Deposit as % of Net Salary
|
Months required to save
|
|
Hairdresser
|
£12,071
|
£1,299
|
10.8%
|
6.5
|
|
Cleaner
|
£14,305
|
£1,299
|
9.1%
|
5.4
|
|
PA / Secretary
|
£15,414
|
£1,299
|
8.4%
|
5.1
|
|
Chef
|
£17,657
|
£1,299
|
7.4%
|
4.4
|
|
Estate Agent
|
£19,568
|
£1,299
|
6.6%
|
4.0
|
|
Clergy
|
£20,209
|
£1,299
|
6.4%
|
3.9
|
|
Nurse
|
£22,450
|
£1,299
|
5.8%
|
3.5
|
|
Marketing associate
|
£24,701
|
£1,299
|
5.3%
|
3.2
|
|
Plumber
|
£24,907
|
£1,299
|
5.2%
|
3.1
|
|
IT technician
|
£25,473
|
£1,299
|
5.1%
|
3.1
|
|
Electrician
|
£26,003
|
£1,299
|
5.0%
|
3.0
|
|
Teacher
|
£27,369
|
£1,299
|
4.7%
|
2.8
|
|
Accountant
|
£30,252
|
£1,299
|
4.3%
|
2.6
|
|
Police officer
|
£30,935
|
£1,299
|
4.2%
|
2.5
|
|
Surveyor
|
£32,063
|
£1,299
|
4.1%
|
2.4
|
|
Engineer
|
£33,077
|
£1,299
|
3.9%
|
2.4
|
|
Business analyst
|
£34,064
|
£1,299
|
3.8%
|
2.3
|
|
Lawyer / Solicitor
|
£37,955
|
£1,299
|
3.4%
|
2.1
|
|
Doctor
|
£49,621
|
£1,299
|
2.6%
|
1.6
|
|
Pilot
|
£56,123
|
£1,299
|
2.3%
|
1.4
|
|
Male
|
£29,068
|
£1,299
|
4.5%
|
2.7
|
|
Female
|
£19,675
|
£1,299
|
6.6%
|
4
|
|
Sources
|
||||
|
Average deposit
|
||||
|
Average salary by profession
|
You May Also Enjoy
Property Redress reports Complaint enquiries rise 47%
Breaking Property News 2/3/26
Bank of England Money and Credit Report – January 2026
Nationwide house prices showing a 0.3% increase
House price growth holds steady in February
