Chelsea is a wealthy area of London that lies just north of the River Thames. The modern boundary stretches northwards towards South Kensington and Knightsbridge, and east towards Chelsea Bridge Road. The district has been compared to Beverley Hills and the Upper East Side of New York, and is famous for coining the term Sloane Ranger to describe its residents.
The area is a major shopping district which includes Kings Road, and Sloane Street (the home of a plethora of designer jewellery boutiques and high-end fashion stores). As you'd expect from such an affluent borough, the population earn some of the highest wages in London, with an average income of £41.023.
Key employment sectors include business services, hospitality, wholesale and retail, personal services, real estate, and medicine/pharmaceuticals. Major employers of staff in the area include Kensington and Chelsea College of Further Education, the NHS Trust, Harrods, the Victoria & Albert Museum, Warner Music, Medical Services International Ltd, and Princess Louise Hospital.
Whilst the recession has had a major influence on the boroughs workforce and firms since 2006, recruitment agencies say that Chelsea has performed very well when compared to other areas in the capital, and has only suffered a small decline in employment.