NEW RESEARCH from the Labour Southern Taskforce has revealed that house prices in Torbay are nine times the average annual wage of workers in the Bay.
Average houses prices in Torbay are £147,948, compared to the annual wage of £16,514. The average ratio of house prices to wages in England and Wales is only 7.8 times.
The situation is even more severe in Torquay and Paignton, where house prices are 11 times that on the annual average wage, while in Brixham, it is nearly 12 times the average, with prices averaging £196,789.
This research follows from recent discoveries that 29.9% of the workforce in Torbay have an hourly pay that is below the living wage, compared to 20% nationally, and that average wages in Torbay are nearly £6,000 lower than the average in the UK.
A spokesman for the Labour Southern Taskforce said: "Around the South's coast, wages are often low and house prices high, making it impossible for local people to buy a home of their own."