Reading is the principal regional and commercial centre of the Thames Valley, a major retail and leisure destination, with a thriving night-time economy.
There has been a huge shift in the town’s economy, from its origins in ‘beer, biscuits and bulbs’ to a compact service economy which specialises in business and insurance services, and has some of the finest high-tech business parks in the South East, with many international companies such as Microsoft and Oracle choosing Reading as their home.
The town is a major transport interchange, continuing to benefit from its strategic location on the M4 corridor and proximity to Heathrow Airport and London. Reading is also home to the University of Reading and Reading College, with a large percentage of the local working population highly skilled.
However, prosperity has brought its own problems, with pressure on infrastructure, communities and the environment. The high cost of living and, in particular, the high cost of housing, have had a significant impact on local communities. Although Reading can undoubtedly demonstrate success and wealth, the town also contains wards amongst some of the most deprived in the country.
Currently 174,200 residents and 67,700 households (ONS Census 2021) live within the Reading borough boundary, while around 233,000 people live in Reading’s greater urban area (Local Transport Plan 2011-2026). The population has increased by 11.9% since 2011, while the number of household has risen by 7.6% (ONS Census 2021).
Reading has a generally younger population, however, the proportion of older people aged 65+ has increased by 17.2% between 2011 and 2021.
The number of households is predicted to rise to 69,119 by 2043.
Age | 2021 | % of total | 2011 |
---|---|---|---|
0-4 | 10,238 | 5.9% | 7.7% |
5-9 | 10,486 | 6% | 5.5% |
10-19 | 21,233 | 12.2% | 11.4% |
20-39 | 59,494 | 34.2% | 36.7% |
40-59 | 44,365 | 25.5% | 23.2% |
60-79 | 22,582 | 13% | 12.1% |
80+ | 5,826 | 3.4% | 3.5% |
Total | 161,780 | N/A | N/A |
Sources: 2021/2011 Census. ONS
Household composition | Reading 2021 | England 2021 | Reading 2011 |
---|---|---|---|
One person | 28.5% | 30.1% | 30.6% |
With pensioner/s | 14.6% | 22% | 14.7% |
Couple with no children | 16.8% | 16.7% | 17.3% |
Couple with dependent children | 20% | 18.9% | 19.3% |
Children with non-dependent children | 5.3% | 6.3% | 4.6% |
Lone parent | 10.9% | 11.1% | 10.8% |
Sources: 2021/2011 Census. ONS
Reading has a very diverse population, with 46.5% now belonging to a Black and Minority Ethnic community, the joint second highest proportion in the South East after Slough and with Oxford (2021 Census, Office for National Statistics), and up from 35% in 2011.
All ethnic groups have increased since 2011 apart from British, Irish and Black Caribbean. There has been a significant increase in the number of Romanian speakers since 2011.
Ethnicity | Reading 2021 | England 2021 | Reading 2011 |
---|---|---|---|
White British | 53.5% | 73.5% | 65.3% |
Other White | 13.7% | 7.5% | 9.5% |
Mixed | 5.1% | 3% | 4% |
Indian | 6.2% | 3.3% | 4.2% |
Pakistani | 4.8% | 2.8% | 4.5% |
Other Asian | 6.7% | 3.5% | 4.9% |
Black Caribbean | 1.9% | 1.1% | 2.1% |
Black African | 4.4% | 2.6% | 3.9% |
Black other | 4.5% | 2.9% | 4.5% |
Chinese | 1.5% | 0.8% | 1% |
Other ethnic group | 2.8% | 2.2% | 1% |
Source: 2021 Census, Office for National Statistics
Language | Count 2021 | Count 2011 |
---|---|---|
English | 136436 | 126,690 |
Polish | 4154 | 3,768 |
Nepalese | 4147 | 2,430 |
Romanian | 2642 | 194 |
Urdu | 1520 | 1,790 |
Portuguese | 1512 | 655 |
Spanish | 1264 | 585 |
Italian | 1024 | 450 |
Arabic | 985 | 600 |
Panjabi | 968 | 921 |
Over the last 20 years, Reading has developed from an economy based on trading and manufacturing into a centre for leading edge information communication technology (ICT) companies and is now one of the largest insurance and business service centres in the country. Reading is now a major retail centre, with a significant evening economy.
Pre-COVID, unemployment was low, and although it is now higher, it is still just below the national average. Reading has a highly skilled workforce, with more jobs than workers, however there is a disparity in terms of skills and earnings between the workforce and Reading residents, with in-work poverty increasing for residents.
Reading’s occupation profile has changed since 2011 census, with professional and managerial occupation types showing the most significant increase. Some service and elementary occupations have increased and administrative occupations decreased.
Highest level of qualification | Reading 2021 | England 2021 | Reading 2011 |
---|---|---|---|
No qualifications | 15.8% * | 18.1% | 17.4% |
Level 1 qualifications | 9.1% | 9.7% | 12.2% |
Level 2 qualifications | 10.7% | 13.3% | 12.3% |
Apprenticeship | 4.1% | 5.3% | 2.5% |
Level 3 qualifications | 16.8% | 16.9% | 13.4% |
Level 4 qualifications and above | 40.4% | 33.9% | 34.8% |
Other qualifications | 3% | 2.8% | 7.4% |
Source: 2021 Census, Office for National Statistics (% of residents aged 16-74)
Reading’s continued success has further increased demand for housing, resulting in higher than national average prices, with the median house price now around 3 times higher in 2023 than 2000 (ONS house price statistics for small areas, 1995 – 2020). Because of this, the property market has become increasingly inaccessible to those on low incomes, due to the shortage of affordable housing.
Housing tenure | Reading 2021 | England 2021 | Reading 2011 |
---|---|---|---|
Owner occupied | 50.4% | 61.3% | 54.8% |
Shared ownership | 1.3% | 1% | n/a |
Social rented | 16.1% | 17.1% | 16.3% |
Private rented | 31.9% | 20.5% | 26.1% |
Rent free | 0.2% | 0.1% | n/a |
Source: 2012 Census, Office for National Statistics
Location | Median house price | Median detached house price | Median semi-detached house price | Median terraced house price | Median flats/maisonette price |
---|---|---|---|---|---|
Reading | 300,000 | 636,000 | 408,000 | 325,000 | 225,000 |
England | 275,000 | 425,000 | 260,000 | 225,000 | 220,000 |
Source: LG Inform Plus, 2022 Q3 (rolling)
Although the pace of change in Reading has been rapid, there is a clear mismatch between outstanding economic success and the level of benefits to local people, leaving a significant gap between Reading’s most and least prosperous neighbourhoods. Reading has, within a small geographic area, some of the most affluent and the most deprived neighbourhoods in the whole of the Thames Valley.
In general terms, Reading tends to score better than the national average for most health measures, although this hides problems amongst particular communities.
Location | Proportion of population reporting good or very good health | Proportion of population reporting limiting long-term illness |
---|---|---|
Reading 2021 | 85.6% | 13.8% |
England 2021 | 82.2% | 17.3% |
Reading 2011 | 85.5% | 13% |
Source: 2021 Census, Office for National Statistics
Crime and the fear of crime have become more significant issues as Reading’s evening economy has grown over recent years. However, Reading has a fairly average crime rate, when compared our most similar group of Community Safety Partnerships.
Reading is a major population and employment centre within the South East, benefiting from close proximity to London and Heathrow, and with excellent links to national road and rail networks as well as to Heathrow Airport. Such connectivity is represented by Reading’s status as a regional transport hub and international gateway.
Reading is a major centre of employment, with more jobs than workers, which means there is a significant demand for travelling into Reading from other areas. Reading experiences congestion on many of its main routes during the week, with the commercial success of the town adding to weekend congestion.
Travel to work and car ownership | Reading 2021 | Reading 2011 | England 2021 |
---|---|---|---|
Travel to work by car or van | 31.4% | n/a | 44.5% |
Travel to work on foot/ by cycle | 11.4% | n/a | 7.6% |
Number of households with no car | 28.4% | 28.3% | 23.5% |
Source: 2021 Census, Office for National Statistics