Milton Keynes average salary comparison
The average salary is ranging between £36.5k in Central Bedfordshire and £39.7k in Bedford. The UK average salary was £40.0k in 2022. Gross average salary is calculated for full-time employees. Employee has to be in the same job for over 12 months. The data collected is Tax Year Ending. The data was published in October 2022. The income includes incentive payments and are available for local government districts/counties.| Local authority | Average salary in 2022 |
|---|
| Central Bedfordshire | £36.5k |
| Milton Keynes | £39.7k |
| Bedford | £39.7k |
| United Kingdom | £40.0k |
Milton Keynes average salary comparison by sex
The average salary for female is ranging between £30.9k in Central Bedfordshire and £35.6k in Bedford. The UK average salary for female was £35.0k in 2022. The average salary for male is ranging between £41.3k in Central Bedfordshire and £42.8k in Bedford. The UK average salary for male was £43.3k in 2022.| Local authority | Female average salary, 2022 | Male average salary |
|---|
| Central Bedfordshire | £30.9k | £41.3k |
| Milton Keynes | £36.1k | £42.5k |
| Bedford | £35.6k | £42.8k |
| United Kingdom | £35.0k | £43.3k |
Milton Keynes median salary comparison
The median salary is ranging between £32.1k in Central Bedfordshire and £35.2k in Milton Keynes. The UK median salary was £33.0k in 2022.| Local authority | Median salary in 2022 |
|---|
| Central Bedfordshire | £32.1k |
| United Kingdom | £33.0k |
| Bedford | £33.1k |
| Milton Keynes | £35.2k |
Milton Keynes median salary comparison by sex
The median salary for female is ranging between £25.6k in Central Bedfordshire and £32.3k in Bedford. The UK median salary for female was £29.7k in 2022. The median salary for male is ranging between £37.4k in Central Bedfordshire and £33.4k in Bedford. The UK median salary for male was £35.3k in 2022.| Local authority | Female median salary in 2022 | Male median salary |
|---|
| Central Bedfordshire | £25.6k | £37.4k |
| United Kingdom | £29.7k | £35.3k |
| Bedford | £32.3k | £33.4k |
| Milton Keynes | N/A | £37.2k |
Milton Keynes unemployment rate comparison
The unemployment rate is ranging between 2.7% in Central Bedfordshire and 3.6% in Bedford. The UK unemployment rate was 3.8% in 2022.| Local authority | Unemployment rate in 2022 |
|---|
| Central Bedfordshire | 2.7% |
| Milton Keynes | 3.1% |
| Bedford | 3.6% |
| United Kingdom | 3.8% |
Milton Keynes house price to earnings ratio
The median property price to median earnings ratio is ranging between 8.6 in Central Bedfordshire and 9.3 in Bedford. Ie. Central Bedfordshire resident with middle-income needs 8.6 gross annual salaries to buy a medium-priced property. Resident in Bedford needs 9.3 annual salaries. The England and Wales ratio was 8.16 in 2022.| Local authority | Median house price to median salary ratio in 2022 |
|---|
| England and Wales | 8.16 |
| Central Bedfordshire | 8.6 |
| Milton Keynes | 8.9 |
| Bedford | 9.3 |
Milton Keynes net household income map
Map shows the net average household income in 2016 by middle layer super output area (MSOA). The lowest average net household income was in Bedford 013, with £25.0k. The area with the highest average net income was Milton Keynes 025, with £49.8k. Median income was £39.8k - i.e. half of the areas had income equal or above £39.8k. Median income for England and Wales was 31.9k ( the lowest income was in Leeds 086, £16.8k, the highest in Tower Hamlets 033, £93.8k).
| Name | Net income |
|---|
| lowest | Bedford 013 | £25.0k |
| median | | £39.8k |
| highest | Milton Keynes 025 | £49.8k |
Milton Keynes relative housing costs map
The map below shows housing costs share of net household income in 2016. The higher the share of income costs the darker the displayed color. An equivalisation scale and different models for income before housing costs and after housing costs may result in a few inconsitencies. Although there are some inconsistencies, it does not change significantly the overall picture of area comparison.
Milton Keynes working age population share
2020 population estimates.
39.2
Milton Keynes
average age40.4
England & Wales
average age
| age group | head-count | % share of population | % for Eng & Wales |
|---|
| 0-15 | 123k | 21.8% | 19.1% |
| 16-64 | 349k | 61.8% | 62.2% |
| 65+ | 93.2k | 16.5% | 18.6% |
Other reports for Milton Keynes postcode area
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