I live in Folkestone where the mean average salary is currently £20,648 and the mean average house price is £254,591. This makes the average house approx 12.3x the average salary.
Thing is, Folkestone is an impoverished area with higher-than-average unemployment (3.6% on JSA compared to 3.3% nationally; 16% on any benefits compared to 13.5% nationally).
I work at a law firm which is kept afloat due solely to conveyancing, and I have noticed that most of our clients are 'repeat clients.' By this I mean we have a small, core client base of rich people who keep getting richer, while one-off purchasers (or Will-writers, or divorcees, or other miscellaneous clients) make up an increasingly smaller subset. This makes sense because we don't take Legal Aid in any of our departments anymore, but it's nonetheless remarkable just how small that subset has got.
I am one of the impoverished, but that's not really exceptional because I am 36, work as a legal secretary and have two kids. (I chose to get a pointless 1st class degree in the humanities.) However, the solicitor who I work for is 31 years old, a Partner in the firm, and doesn't think that even she will ever be able to afford to buy a 1-bed flat. She still has 3 years to go before she's paid off her student loans, before she can even think about saving for a mortgage.
It seems clear to me that the 'average' figures are disguising the scale of the problem here. My income is below the mean, but I don't think it's necessarily below the median in this area, given the vast amount of people I know who have never worked. Likewise, my boss's income is 'above average' but this doesn't take into account her debts which will need to be cleared before she can even think about a mortgage.
Are there stats that use the median rather than mean income/outgoings etc per area? Do they make the problem seem easier or (as I suspect) far, far worse?