The demographics of Plaistow’s population
Plaistow has a rich history dating back to the mediaeval times, and has been a significant settlement ever since. Plaistow has a reputation for being one of the most vibrant areas in East London, with its vibrant food, fashion and entertainment scenes making it a popular destination for young professionals and families alike.
Population Size
The population size of Plaistow is approximately 40,000 residents, with an average growth rate of 0.5% per year. This is slightly higher compared to the average growth rate of the London Borough of Newham, which is 0.4%. Plaistow has a population that is relatively young, with an average age of 32 years old. This is slightly lower compared to the UK average age, which is 40 years old.
Employment Rate
The employment rate in Plaistow is fairly high, with an estimated 70% of the population being employed. This is slightly higher compared to the average employment rate in the UK, which is around 65%. The education level in Plaistow is also relatively high, with an estimated 40% of the population having a university degree. This is slightly higher compared to the average education level in the UK, which is around 38%. Additionally, Plaistow has a significant number of students, with several schools and colleges located in the area.
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Renter vs Homeowner
The volume of renters versus homeowners in Plaistow is fairly balanced, with around 60% of the population being renters and 40% being homeowners. This is similar to the average volume of renters versus homeowners in the UK, which is around 49% renters and 51% homeowners.
Crime Rate
The crime rate in Plaistow is relatively low, with an estimated 20 crimes per 1000 residents. This is slightly lower compared to the UK average,, which is around 30 crimes per 1000 residents. This makes Plaistow a relatively safe area to live in.
In conclusion, Plaistow is a thriving and diverse area with a rich history, a vibrant food, fashion, and entertainment scene, and a relatively young population. The employment rate, education level, and crime rate in Plaistow are all relatively high and similar to the UK average. Additionally, the volume of renters versus homeowners in Plaistow is relatively balanced, making it a good area to consider when investing in a buy-to-let property. If you’re considering investing in a buy-to-let property in Plaistow, these key factors will give you a good idea of what to expect.
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