"Figure 2: While earnings have doubled since 1997, house prices have increased four-and-a-half times","" "House price and earnings indices, England and Wales, 1997 to 2022","" "","" "Notes","1. House price statistics for small areas (HPSSA) data used here are not mix adjusted, so price variations may be a combination of true price changes and differences in the mix of housing types that sold in any given year. Therefore, HPSSA data may show different trends from the UK House Price Index, which is mix adjusted and comparable over time." "Unit","Index value" "","" "Year ","Index of House Price Statistics for Small Areas","Index of Earnings" "1997","100","100" "1998","107.6","104.4" "1999","117","106" "2000","131","113" "2001","147","118" "2002","174","122" "2003","209","127" "2004","243","132" "2005","260","137" "2006","274","140" "2007","290","144" "2008","292","150" "2009","275","154" "2010","298","154" "2011","295","156" "2012","300","158" "2013","305","161" "2014","317","162" "2015","340","164" "2016","359","168" "2017","375","171" "2018","389","176" "2019","394","181" "2020","409","187" "2021","465","185" "2022","450","196"