Cost of Living in Milton Keynes
Buckinghamshire, England
Average House Price
£317.7k
+10%vs UK avg (£290k)
Median Salary
£43,251
+11%vs UK avg (£39,039)
Average Rent
£1,318/mo
+10%vs UK avg (£1,200)
Quick Facts
Council Tax
£2,168
Band D / yr
Energy
£148
/ mo
Water
£35.00
/ mo
Broadband
£41.00
/ mo
Bus Pass
£78.62
/ mo
Housing
House Prices in Milton Keynes
Average price (all types)
£317,720
House prices in Milton Keynes have increased by +4.0% over the past year.
Salaries
Salaries in Milton Keynes
vs UK National Median (£39,039)
Monthly costs
Monthly Cost of Living in Milton Keynes
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent | £1,318 |
| Housing | Council Tax | £181 |
| Utilities | Energy | £148 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £41.00 |
| Transport | Transport | £203 |
| Food | Groceries | £292 |
| Leisure | Leisure | £165 |
| Estimated Total | £2,383 |
These figures are estimates based on averages and may vary depending on your lifestyle, property type, and household size. Council tax shown at Band D; your band may differ.
Transport
Transport Costs in Milton Keynes
£78.62
£1.56
£203
Compare
Compare Milton Keynes with Another Location
See how the cost of living in Milton Keynes stacks up against other UK cities and towns.
FAQ
Frequently Asked Questions About Living in Milton Keynes
- What is the average house price in Milton Keynes?
- The average house price in Milton Keynes is £317,720, based on HM Land Registry data for 2025-12-01. Detached homes average £474,700, while flats and apartments average £188,000. Prices have risen by +4.0% over the past year.
- What is the average salary in Milton Keynes?
- The median annual salary in Milton Keynes is £43,251, compared to the UK national median of £39,039. This is £4,212 above the national average, making it a higher-earning area. Salaries typically range from £29,648 (lower quartile) to £58,315 (upper quartile).
- How much does it cost to rent in Milton Keynes?
- Average monthly rent in Milton Keynes is £1,318 per month. Rents have increased by +5.8% over the past year.
- Is Milton Keynes an affordable place to live?
- Milton Keynes can be a stretch for those on median earnings. Rent accounts for approximately 37% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £1,318, while the median annual salary is £43,251 (approximately £3,604 per month before tax).
- How does Milton Keynes compare to London?
- The average house price in Milton Keynes is £317,720, compared to approximately £551,000 in London. Property in Milton Keynes costs around 58% of London prices, making it £233,280 cheaper on average. Rent is also more affordable, at £1,318 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Milton Keynes?
- House prices in Milton Keynes are currently rising, with a +4.0% increase over the past year. The current average price of £317,720 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
Nearby
Nearby Locations
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