Milton Keynes
Economic profile. Data last updated 2026-03-28.
Milton Keynes supports 190,910 workplace jobs with median earnings 9% above the England average.
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 305,884. Population has grown by 24.6% over five years, significantly above the England rate of 11.4%.
Source: ONS Mid-Year Population Estimates, Census 2021, 2024·Last updated March 2026
Earnings & Income
Gross annual earnings distribution, 2025.
Median annual earnings of £36,061 are above the England median of £33,080.
Gender Pay Gap
The gender pay gap is 28.4% (male median £41,508, female median £29,703).
Source: ASHE via Nomis, 2025·Last updated March 2026
Industry Structure
Location quotients and shift-share analysis for Milton Keynes's economy.
The most specialised sectors are Financial & insurance (LQ 1.95) and Transport & storage (LQ 1.86). Wholesale & retail trade shows the strongest local competitive advantage. Education underperforms its national sectoral trend.
Source: BRES via Nomis, 2020-2024·Last updated March 2026
Housing & Property Market
Estimated house prices for Milton Keynes vs England, 2015-2025.
The median house price of £300,327 is in line with the England median of £290,000. The price-to-earnings ratio is 8.3x. Prices have risen 1.8% over the past year.
Source: HM Land Registry, Census 2021, 2015-2025·Last updated March 2026
Benchmark to national figures
Comparing Milton Keynes to England and Great Britain averages.
Milton Keynes's median earnings of £36,061 are 10% above the England average of £32,909. House prices are 10% above the England median. The claimant rate of 4.2% is higher than the GB average of 3.5%.
Country averages computed from local authority-level data (England: 294 LAs, GB: 348 LAs). May differ slightly from official published national statistics.