Average house price compared with resident median annual pay.
Cheltenham Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Cheltenham prices and rents.
Apr 2025-Mar 2026 / ASHE 2026
Cheltenham wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
121,452
ONS 2025
Median resident annual pay
£42,510
Cheltenham
Median resident weekly pay
£818
Full-time employees
Employment rate
79.3%
Aged 16-64
Unemployment rate
3.3%
Economically active
Average monthly rent compared with estimated monthly earnings.
Labour market rates are from the ONS Annual Population Survey profile shown by Nomis. Where the local APS unemployment value is suppressed, the ONS model-based unemployment estimate is used. Earnings are ONS ASHE resident-analysis median full-time employee earnings. Annual pay is annualised from weekly pay for display context.
Incomes Explain Affordability Pressure
Wage and employment data does not predict house prices by itself. It gives demand-side context: how average prices and rents compare with resident earnings, whether employment conditions support demand, and where affordability pressure may limit the buyer or renter pool.
Cheltenham’s latest ONS/Nomis labour-market picture points to a relatively strong local earnings and employment base. The town had an estimated resident population of 121,452 in 2025, giving the labour market a sizeable local context for a city of this scale.
On earnings, resident median full-time pay is £817.50 a week.