Average house price compared with resident median annual pay.
Peterborough Wages, Employment and Property Affordability
Resident earnings, employment, unemployment and affordability context for reading Peterborough prices and rents.
Jan 2025-Dec 2025 / ASHE 2025
Peterborough wages, employment and affordability
Resident earnings and labour-market context help explain local affordability, rental pressure and housing demand.
Resident population
223,655
ONS 2024
Median resident annual pay
£36,951
Peterborough
Median resident weekly pay
£711
Full-time employees
Employment rate
79.0%
Aged 16-64
Unemployment rate
4.6%
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.
Peterborough’s labour market profile from ONS and Nomis shows a city with a large resident base and relatively strong employment. The resident population was 223,655 in 2024.
That gives useful context for the local housing market, because affordability pressures are shaped by the scale of the population as well as by pay and work levels.