Leeds

Economic profile. Data last updated 2026-03-28.

Leeds supports 504,180 workplace jobs with median earnings broadly in line with the England average.

Population

845,189

13.1%

England: 58,620,101

Workplace Jobs

504,180

Median Annual Earnings

£31,679

198th of 348

England: £33,080

Median House Price

£263,832

1.8%198th of 348

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£62,227

118th of 391

England: £63,763

Source: ONS, Nomis, HM Land Registry, 2024-2025·Last updated March 2026

Demographics & Population

Mid-year population estimates (2024) and Census 2021 age profile.

Mid-year population estimate of 845,189. Population has grown by 13.1% over five years, above the England rate of 11.4%.

Population

845,189

England: 58,620,101

Working-Age (16-64)

65.8%

England: 62.9%

Under 16

18.6%

Over 65

15.6%

Source: ONS Mid-Year Population Estimates, Census 2021, 2024·Last updated March 2026

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £31,679 are in line with the England median of £33,080. The 90/10 earnings ratio is 5.6x (England: 6.2x), indicating relatively high wage inequality.

Median Annual

£31,679

England: £33,080

10th Percentile

£11,460

90th Percentile

£63,675

90/10 Ratio

5.6x

Gender Pay Gap

The gender pay gap is 25.5% (male median £36,929, female median £27,496). This is below the England gap of 28.2%.

Gender Pay Gap

25.5%

England: 28.2%

Source: ASHE via Nomis, 2025·Last updated March 2026

Industry Structure

Location quotients and shift-share analysis for Leeds's economy.

The most specialised sectors are Financial & insurance (LQ 1.45) and Administrative & support services (LQ 1.39). Wholesale & retail trade shows the strongest local competitive advantage. Administrative & support services underperforms its national sectoral trend.

Largest Sector

Human health & social work

Most Specialised

Financial & insurance

England: LQ 1.45

Fastest Growing

Wholesale & retail trade

Specialised Sectors

4

England: LQ > 1.25

Source: BRES via Nomis, 2020-2024·Last updated March 2026

Housing & Property Market

Estimated house prices for Leeds vs England, 2015-2025.

The median house price of £263,832 is below the England median of £290,000. The price-to-earnings ratio is 8.3x. Prices have risen 1.8% over the past year.

Median Price

£263,832

England: £290,000

Price-to-Earnings

8.3x

12-Month Change

1.8%

Source: HM Land Registry, Census 2021, 2015-2025·Last updated March 2026

Benchmark to national figures

Comparing Leeds to England and Great Britain averages.

Leeds's median earnings of £31,679 are in line with the England average. The claimant rate of 4.6% is higher than the GB average of 3.5%.

Median earnings

£31,679

England: £32,909(4% below)
GB: £32,401(2% below)

Median house price

£263,832

England: £274,076(4% below)
GB: £269,841(2% below)

Claimant rate

4.6%

England: 3.6%(1pp higher)
GB: 3.5%(1.1pp higher)

GVA per job

£62,227

England: £61,178(2% above)
GB: £61,125(2% above)

Working-age population

65.8%

England: 62.1%(3.7pp higher)
GB: 61.9%(3.9pp higher)

Population change (5yr)

13.1%

England: 11.5%(1.6pp higher)
GB: 10.3%(2.8pp higher)

Country averages computed from local authority-level data (England: 294 LAs, GB: 348 LAs). May differ slightly from official published national statistics.