Average house price compared with resident median annual pay.
Newark and Sherwood Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Newark and Sherwood prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
Newark and Sherwood wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
127,886
ONS 2024
Median resident annual pay
£39,822
Newark and Sherwood
Median resident weekly pay
£766
Full-time employees
Employment rate
70.9%
Aged 16-64
Unemployment rate
3.7%
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.
Newark and Sherwood has a resident population of 127,886, using the latest 2024 population estimate. That gives useful context for the local labour market.
It is a sizeable area, but still much smaller than Great Britain as a whole, so local earnings and employment patterns can look quite different from the national average.