Average house price compared with resident median annual pay.
Milton Keynes Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Milton Keynes prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
Milton Keynes wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
305,884
ONS 2024
Median resident annual pay
£42,520
Milton Keynes
Median resident weekly pay
£818
Full-time employees
Employment rate
78.9%
Aged 16-64
Unemployment rate
5.2%
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.
Milton Keynes had an estimated resident population of 305,884 in 2024. That is a sizeable city base for a local labour market, and it helps explain why the area tends to have a broad mix of occupations and household incomes.
The latest ONS and Nomis figures show a strong employment picture.