The demographics of Croydon’s population

Understanding the population of Croydon and its demographics is key to making a well-informed decision to invest. 

Population 

Croydon is the second largest London borough with a current population of 385,000 and is expected to exceed 430,000 in the next decade. This makes it larger than the average London borough, with a population growth rate that is higher than the London average. 

The age of the population in Croydon is slightly below the UK average. The majority of Croydon’s population is between the ages of 20 and 44, with 24% of the population falling within this age range. This is higher than the UK average of 20%.

Employment & education rate

The employment rate in Croydon is slightly above the national average. According to the Office for National Statistics, the unemployment rate in Croydon was 5.7% in 2019 – compared to the UK average of 3.9%. Croydon also has a high rate of educational attainment compared to the UK average, with 35.5% of the population having a degree or equivalent.

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Crime rates

Crime rates in Croydon are slightly higher than the London average, however there has been a steady decrease in crime over the past few years. According to Croydon Council’s crime statistics, from February 2021 to January 2021 there were 8,248 recorded incidents of crime in Croydon – this is lower than the London average of 8,788 recorded incidents.

Conclusion

Croydon is a population-rich area with a growing population, employment rate, education level and rental demand. It is also a relatively safe area with a decreasing crime rate. All of these factors must be taken into consideration when looking to invest in a buy-to-let property in Croydon.

 

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