Average house price compared with resident median annual pay.
North Kesteven Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading North Kesteven prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
North Kesteven wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
122,468
ONS 2024
Median resident annual pay
£39,796
North Kesteven
Median resident weekly pay
£765
Full-time employees
Employment rate
79.5%
Aged 16-64
Unemployment rate
2.9%
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.
North Kesteven’s latest ONS and Nomis labour-market profile points to a relatively strong local jobs picture, set alongside a large resident base. The district’s population was 122,468 in 2024.
That gives the labour market a broad household base and means local earnings matter for a sizeable number of residents when it comes to day-to-day affordability.