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 161,780 residents (ONS mid-year estimates 2019) and 65,410 households (DCLG Household projections 2016- based) 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 is estimated to increase by 3.2% by 2043 (ONS population projections 2018-based).
Reading has a generally younger population, however, the proportion of older people is predicted to increase, with the proportion aged 60+ rising from 16.8% in 2019 to 23.1% by 2043 (ONS population projections 2018-based).
The number of households is predicted to rise to 69,119 by 2043.
Age | 2019 | % of total | 2043 | % of total |
---|---|---|---|---|
0-4 | 11,289 | 7% | 10,895 | 6.5% |
5-9 | 11,135 | 6.9% | 9,433 | 5.7% |
10-19 | 19,081 | 11.8% | 18,721 | 11.2% |
20-39 | 52,909 | 32.7% | 54,398 | 32.6% |
40-59 | 40,219 | 24.9% | 34,861 | 20.9% |
60-79 | 21,300 | 13.2% | 28,827 | 17.3% |
60+ | 27,147 | 16.8% | 38,617 | 23.1% |
80+ | 5,847 | 3.6% | 9,790 | 5.9% |
90+ | 1,122 | 0.7% | 2,009 | 1.2% |
Total | 161,780 | N/A | 166,924 | N/A |
Sources: ONS mid-year estimates 2019, ONS population projections 2018-based
Source: ONS household projections 2018-based
Type of person | Reading | England |
---|---|---|
One person | 30.6% | 30.2% |
With pensioner/s | 14.9% | 20.8% |
Couple with no children | 17.3% | 17.6% |
Couple with dependent children | 19.3% | 19.3% |
Couple with non-dependent children | 4.6% | 6.1% |
Lone parent | 10.8% | 10.6% |
Full-time students | 1.5% | 0.6% |
Source: 2011 Census, Office for National Statistics
Reading has a very diverse population, with 35% now belonging to a Black and Minority Ethnic community, the third highest proportion in the South East after Slough and Oxford.
Ethnicity | Reading | England |
---|---|---|
White British | 66.9% | 80.9% |
Other White | 7.9% | 4.6% |
Mixed | 3.9% | 2.2% |
Indian | 4.2% | 2.6% |
Pakistani | 4.5% | 2.1% |
Other Asian | 3.9% | 2.3% |
Black Caribbean | 2.1% | 1.1% |
Black African | 4.9% | 1.8% |
Black other | 0.7% | 0.5 |
Chinese | 1% | 0.7% |
Other ethnic group | 0.9% | 1.% |
Source: 2011 Census, Office for National Statistics
Reading’s continued success has further increased demand for housing, resulting in higher than national average prices, with the median house price almost 3 times higher in 2020 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 | England |
---|---|---|
Owner occupied | 54.8% | 63.3% |
Shared ownership | 1.8% | 0.8% |
Social rented | 16.3% | 17.7% |
Private rented | 26.1% | 16.8% |
Rent free | 1.0% | 1.3% |
Source: 2011 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 | 529,000 | 386,000 | 290,000 | 235,000 |
England | 246,000 | 350,000 | 267,000 | 195,000 | 218,000 |
Source: LG Inform Plus, 2020 Q2 (rolling)
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.
Before COVID, unemployment was low, though this has now risen to slightly above the national average (Jan 21). Reading has a highly skilled workforce, however there is a disparity between the workforce and with the skills and earnings of Reading residents, with in-work poverty increasing in certain areas Reading’s occupation profile has changed since 2001 Census, with professional occupation types showing the most significant increase. Service occupations have increased and administrative occupations decreased.
Occupation type | Reading 2011 | England 2011 |
---|---|---|
1. Managers, directors and senior officials | 9% | 11% |
2. Professional occupations | 25% | 18% |
3. Associate professional and technical occupations | 14% | 13% |
4. Administrative and secretarial occupations | 10% | 12% |
5. Skilled trades occupations | 9% | 11% |
6. Caring, leisure and other service occupations | 9% | 9% |
7. Sales and customer service occupations | 9% | 8% |
8. Process, plant and machine operatives | 5% | 7% |
9. Elementary occupations | 11% | 11% |
Source: 2011 Census, Office for National Statistics
Highest level of qualification | Reading 2011 | England 2011 |
---|---|---|
No qualifications | 17% * | 23% |
Highest level of qualification: Level 1 qualifications | 12% | 13% |
Highest level of qualification: Level 2 qualifications | 12% | 15% |
Highest level of qualification: Apprenticeship | 3% | 4% |
Highest level of qualification: Level 3 qualifications | 13% | 12% |
Highest level of qualification: Level 4 qualifications and above | 35% | 27% |
Highest level of qualification: Other qualifications | 7% | 6% |
Source: 2011 Census, Office for National Statistics
*%age of residents aged 16-74
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.
Proportion of population reporting good or very good health | Proportion of population reporting limiting long-term illness | |
---|---|---|
Reading | 86% | 13% |
England | 81% | 18% |
Source: 2011 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, ranking 10th out of the 15 CSPs.
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, international gateway and a major transport interchange.
As with most other towns and cities in the UK, 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 | South East | England |
---|---|---|---|
Travel to work by car | 49.5% | 65.1% | 60.2% |
Travel to work on foot/ by cycle | 22.3% | 14.8% | 14.4% |
Number of households with no car | 28.3% | 18.6% | 25.8% |
Source: 2011 Census, Office for National Statistics