OverviewDemographicsEarningsIndustryHousing

Melton

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

Melton supports 23,725 workplace jobs with median earnings 19% below the England average.

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Population

54,052

↑ 7.9%

England: 58,620,101

Workplace Jobs

23,725

Median Annual Earnings

£26,633

345th of 348

England: £33,080

Median House Price

£221,807

↑ 1.8%345th of 348

England: £290,000

Price-to-Earnings

8.3x

GVA per Job

£62,200

120th 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 54,052. Population has grown by 7.9% over five years, significantly below the England rate of 11.4%. Working-age population (58.9%) is below the England average.

Population

54,052

England: 58,620,101

Working-Age (16-64)

58.9%

England: 62.9%

Under 16

17.0%

Over 65

24.1%

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

Earnings & Income

Gross annual earnings distribution, 2025.

Median annual earnings of £26,633 are significantly below the England median of £33,080.

Median Annual

£26,633

England: £33,080

10th Percentile

£11,862

90th Percentile

N/A

90/10 Ratio

N/A

Gender Pay Gap

The gender pay gap is 48.7% (male median £34,294, female median £17,593). This is significantly above the England gap of 28.2%.

Gender Pay Gap

48.7%

England: 28.2%

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

Industry Structure

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

The most specialised sectors are Manufacturing (LQ 4.13) and Agriculture, forestry & fishing (LQ 3.55). Manufacturing shows the strongest local competitive advantage. Education underperforms its national sectoral trend.

Largest Sector

Manufacturing

Most Specialised

Manufacturing

England: LQ 4.13

Fastest Growing

Manufacturing

Specialised Sectors

3

England: LQ > 1.25

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

Housing & Property Market

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

The median house price of £221,807 is significantly 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

£221,807

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 Melton to England and Great Britain averages.

Melton's median earnings of £26,633 are 19% significantly below the England average of £32,909. House prices are 19% significantly below the England median. The claimant rate of 2.9% is lower than the GB average of 3.5%.

Median earnings

£26,633

England: £32,909(19% below)
GB: £32,401(18% below)

Median house price

£221,807

England: £274,076(19% below)
GB: £269,841(18% below)

Claimant rate

2.9%

England: 3.6%(0.7pp lower)
GB: 3.5%(0.6pp lower)

GVA per job

£62,200

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

Working-age population

58.9%

England: 62.1%(3.2pp lower)
GB: 61.9%(3pp lower)

Population change (5yr)

7.9%

England: 11.5%(3.6pp lower)
GB: 10.3%(2.4pp lower)

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