The Demographics of Marylebone’s Population

Marylebone is an area in the heart of London with a rich history and plenty of interesting things to offer. It is a bustling, cosmopolitan neighbourhood that has long been a popular destination for both locals and tourists alike. From the world-renowned shopping on Oxford Street to the charming, tree-lined streets of Marylebone Village, there is something for everyone here.

Population Size

Marylebone is home to around 21,000 people. This is relatively small compared to the average London borough, which has a population of around 320,000. Despite its smaller size, Marylebone has seen steady growth in population over recent years. This is due in part to the area’s popularity as a destination for young professionals and students.

According to data from the Office for National Statistics (ONS), the median age in Marylebone is 34 years old. This is slightly younger than the average in the UK, which is around 45 years old. This younger population is likely to be more active and interested in renting, which may make a buy-to-let property in Marylebone more appealing.

Employment Rate

The employment rate of the population in Marylebone is also worth taking into account. According to ONS, the employment rate in Marylebone is around 75%. This is slightly higher than the average in the UK, which is around 75%. This high employment rate is likely to be driven by the many businesses and shops in the area, as well as the proximity to the West End and other employment hotspots.

Education

Marylebone is home to a high number of students. According to data from the Higher Education Statistics Agency, there are around 20,000 students living in Marylebone. This is partly due to the presence of University of Westminster’s Marylebone Campus. Additionally, the area has a high percentage of residents with a degree or higher education, which is higher than the average in the UK.

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Renting vs Ownership

According to data from ONS, around 60% of households in Marylebone are rented. This is higher than the average in the UK, which is around 49%. This higher percentage of renters is likely due to the younger age of the population and the high number of students.

Crime Rates

According to data from the Metropolitan Police, the crime rate in Marylebone is relatively low compared to the average in London and the UK. This is likely due to the high number of businesses and shops in the area, as well as the presence of several police stations.

In conclusion, when investing in a buy-to-let property in Marylebone, it is important to take into account the area’s population size, age, employment rate, education level, volume of renters, and crime rate. The area has a rich history, a young and educated population, a high employment rate and a relatively low crime rate. Additionally, the presence of university campuses and a large number of students make it an attractive place for rental properties. These factors all point to a strong rental market and potential for growth in the future.

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