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Four out of five of the UK's most prosperous areas are in London

By
Isabelle Aron
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Sadly, money doesn't grow on trees - but if it did, these magical money trees would definitely be sprouting up somewhere in London. Or more specially, in Hammersmith & Fulham or Kensington & Chelsea, which have just come joint first place on a list of the most prosperous places in the UK. The Legatum Institute has surveyed 170 places in the UK and found that four out of five of the most prosperous areas in the country are in London, including Westminster, Wandsworth and Camden and the City of London in joint fifth place.

But it's not all about cold, hard cash, as the survey defined 'prosperity' by combining average UK incomes with Office for National Statistics data on wellbeing. Which explains why the fifth spot when to Outer Hebrides, a string of islands off the west coast of Scotland, which was named the happiest place in the UK despite coming 135th for income levels. And folks in London might be raking in the big bucks, but the top four prosperous areas had a combined happiness score of 123 out of 170. Looks like you can't buy happiness after all.

Take a look at the Legatum Institute prosperity map.

Find out where the best area to live in London is.

Or check out London's extreme postcodes.

Image: taxrebate.org.uk

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