Cost of Living in Peterborough
Cambridgeshire, England
Average House Price
£327.9k
+13%vs UK avg (£290k)
Median Salary
£40,474
+4%vs UK avg (£39,039)
Average Rent
£1,126/mo
+6%vs UK avg (£1,200)
Quick Facts
Council Tax
£2,015
Band D / yr
Energy
£143
/ mo
Water
£34.00
/ mo
Broadband
£34.00
/ mo
Bus Pass
£73.33
/ mo
Housing
House Prices in Peterborough
Average price (all types)
£327,860
House prices in Peterborough have increased by +2.0% over the past year.
Salaries
Salaries in Peterborough
vs UK National Median (£39,039)
Monthly costs
Monthly Cost of Living in Peterborough
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent | £1,126 |
| Housing | Council Tax | £168 |
| Utilities | Energy | £143 |
| Utilities | Water | £34.00 |
| Utilities | Broadband | £34.00 |
| Transport | Transport | £189 |
| Food | Groceries | £272 |
| Leisure | Leisure | £154 |
| Estimated Total | £2,121 |
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 Peterborough
£73.33
£1.46
£189
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Frequently Asked Questions About Living in Peterborough
- What is the average house price in Peterborough?
- The average house price in Peterborough is £327,860, based on HM Land Registry data for 2025-12-01. Detached homes average £489,850, while flats and apartments average £194,000. Prices have risen by +2.0% over the past year.
- What is the average salary in Peterborough?
- The median annual salary in Peterborough is £40,474, compared to the UK national median of £39,039. This is £1,435 above the national average, making it a higher-earning area. Salaries typically range from £27,744 (lower quartile) to £54,570 (upper quartile).
- How much does it cost to rent in Peterborough?
- Average monthly rent in Peterborough is £1,126 per month. Rents have increased by +2.8% over the past year.
- Is Peterborough an affordable place to live?
- Peterborough can be a stretch for those on median earnings. Rent accounts for approximately 33% of the median monthly income, which exceeds the 30% affordability guideline. The average monthly rent is £1,126, while the median annual salary is £40,474 (approximately £3,373 per month before tax).
- How does Peterborough compare to London?
- The average house price in Peterborough is £327,860, compared to approximately £551,000 in London. Property in Peterborough costs around 60% of London prices, making it £223,140 cheaper on average. Rent is also more affordable, at £1,126 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Peterborough?
- House prices in Peterborough are currently rising, with a +2.0% increase over the past year. The current average price of £327,860 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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