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.
Apr 2025-Mar 2026 / ASHE 2026
Newark and Sherwood wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
128,684
ONS 2025
Median resident annual pay
£39,822
Newark and Sherwood
Median resident weekly pay
£766
Full-time employees
Employment rate
75.8%
Aged 16-64
Unemployment rate
3.8%
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 128,684. That gives some context for the local labour market and the pool of households earning and spending in the area.
The latest ONS/Nomis profile, using Annual Population Survey data, shows an employment rate of 75.8%. That is just above the Great Britain figure of 75.5%.