Football League Second Division 1948/49
| Pos | Club | Pld | W | D | L | F | A | GA | Pts | Notes |
| 1st | Fulham | 42 | 24 | 9 | 9 | 77 | 37 | 2.081 | 57 | ▲Champions |
| 2nd | West Bromwich Albion | 42 | 24 | 8 | 10 | 69 | 39 | 1.769 | 56 | ▲Runners Up |
| 3rd | Southampton | 42 | 23 | 9 | 10 | 69 | 36 | 1.917 | 55 | - |
| 4th | Cardiff City | 42 | 19 | 13 | 10 | 62 | 47 | 1.319 | 51 | - |
| 5th | Tottenham Hotspur | 42 | 17 | 16 | 9 | 72 | 44 | 1.636 | 50 | - |
| 6th | Chesterfield | 42 | 15 | 17 | 10 | 51 | 45 | 1.133 | 47 | - |
| 7th | West Ham United | 42 | 18 | 10 | 14 | 56 | 58 | 0.966 | 46 | - |
| 8th | Sheffield Wednesday | 42 | 15 | 13 | 14 | 63 | 56 | 1.125 | 43 | - |
| 9th | Barnsley | 42 | 14 | 12 | 16 | 62 | 61 | 1.016 | 40 | - |
| 10th | Luton Town | 42 | 14 | 12 | 16 | 55 | 57 | 0.965 | 40 | - |
| 11th | Grimsby Town | 42 | 15 | 10 | 17 | 72 | 76 | 0.947 | 40 | - |
| 12th | Bury | 42 | 17 | 6 | 19 | 67 | 76 | 0.882 | 40 | - |
| 13th | Queens Park Rangers | 42 | 14 | 11 | 17 | 44 | 62 | 0.710 | 39 | - |
| 14th | Blackburn Rovers | 42 | 15 | 8 | 19 | 53 | 63 | 0.841 | 38 | - |
| 15th | Leeds United | 42 | 12 | 13 | 17 | 55 | 63 | 0.873 | 37 | - |
| 16th | Coventry City | 42 | 15 | 7 | 20 | 55 | 64 | 0.859 | 37 | - |
| 17th | Bradford Park Avenue | 42 | 13 | 11 | 18 | 65 | 78 | 0.833 | 37 | - |
| 18th | Brentford | 42 | 11 | 14 | 17 | 42 | 53 | 0.792 | 36 | - |
| 19th | Leicester City | 42 | 10 | 16 | 16 | 62 | 79 | 0.785 | 36 | - |
| 20th | Plymouth Argyle | 42 | 12 | 12 | 18 | 49 | 64 | 0.766 | 36 | - |
| 21st | Nottingham Forest | 42 | 14 | 7 | 21 | 50 | 54 | 0.926 | 35 | ▼Relegated |
| 22nd | Lincoln City | 42 | 8 | 12 | 22 | 53 | 91 | 0.582 | 28 | ▼Relegated |
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End of Season Notes |
| ▼Preston North End were Relegated from the Football League First Division |
| ▼Sheffield United were Relegated from the Football League First Division |
| ▲Fulham were Promoted to the Football League First Division |
| ▲West Bromwich Albion were Promoted to the Football League First Division |
| ▼Nottingham Forest were Relegated to the Football League Third Division South |
| ▼Lincoln City were Relegated to the Football League Third Division North |
| ▲Hull City were Promoted from the Football League Third Division North |
| ▲Swansea Town were Promoted from the Football League Third Division South |