Hackney Overview Formerly a budget option in London, in the last 20 years Hackney has come a long way, largely thanks ...
Formerly a budget option in London, in the last 20 years Hackney has come a long way, largely thanks to its proximity to both the City and to upmarket Islington. Nowadays home to trendy Broadway Market, achingly hip Dalston, and chi-chi Stoke Newington, the cost of living in Hackney has risen accordingly, and plenty of well-heeled young professionals now live in the area. The average rental cost for a home in Hackney is now around £2,200 a month.
Hackney Job Opportunities
Happily, Hackney jobs are plentiful, with many opportunities in different sectors- and the local economy is booming. According to statistics provided by the local council, between 2004 and 2012, the growth rate for businesses in Hackney was 40%, which was 17% higher than London as a whole. The majority of businesses in Hackney (75% in 2012) employed 4 or fewer people, meaning it's a hotspot of micro businesses and entrepreneurship. Hackney jobs are therefore widely available in a variety of businesses- and the nearby Silicon Roundabout (Old Street Roundabout on the maps) is home to the UK's premier hotspot for media and tech start-ups. For those looking for finance jobs, the City is easily accessible- either on the bus, train, or by foot, depending on where in the Borough you choose to live.
Location Employment Trends
With 56% of Hackney businesses making over £100,000 a year, employment trends in the Borough are buoyant. Before 2004, most businesses in Hackney worked in manufacturing, and nowadays all that warehouse space is used for the "knowledge economy": telecommunications, technology and media all have a big place here. This same knowledge economy has grown by 191% since 2003, making Hackney the biggest centre for arts and new media in Europe. Hackney also has more jobs in production, retail, accommodation and food services, property, and tech than the London average. There are also plenty of jobs in education and the public sector.