Cost of Living in Grantham
East Midlands
Town
Lincolnshire, EnglandPopulation: 44,000
Average House Price
£246.4k
-15% vs UK avg (£290k)
Median Salary
£38,584
-1% vs UK avg (£39,039)
Average Rent
£905/mo
-25% vs UK avg (£1,200)
Quick Facts
Council Tax£2,160Band D / yr
Energy£146/ mo
Water£35.00/ mo
Broadband£38.00/ mo
Bus Pass£67.63/ mo
House Prices in Grantham
+1.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£246,440
Detached£383,800
Semi-detached£237,350
Terraced£179,780
Flat / Apartment£136,350
House prices in Grantham have increased by +1.0% over the past year.
Salaries in Grantham
Annual Salary
Median and mean gross annual pay
Median£38,584
Mean£43,460
Median hourly rate£18.50/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£26,288
Upper quartile (75th)£50,880
vs UK National Median (£39,039)
-1.2%
£455 below national averageMonthly Cost of Living in Grantham
Estimated Monthly Breakdown
What it costs to live in Grantham each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £905 |
| Housing | Council Tax(Band D, paid over 12 months) | £180 |
| Utilities | Energy(Gas and electricity) | £146 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £38.00 |
| Transport | Transport(Monthly commute estimate) | £175 |
| Food | Groceries(Estimated monthly shop) | £241 |
| Leisure | Leisure(Gym, dining out, entertainment) | £142 |
| Estimated Total | £1,862 |
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 Costs in Grantham
Monthly Bus Pass
Standard adult monthly bus pass
£67.63
Fuel per Litre
Average petrol price per litre
£1.34
Monthly Commute
Estimated monthly commuting cost
£175
Compare Grantham with Another Location
See how the cost of living in Grantham stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently Asked Questions About Living in Grantham
- What is the average house price in Grantham?
- The average house price in Grantham is £246,440, based on HM Land Registry data for 2025-12-01. Detached homes average £383,800, while flats and apartments average £136,350. Prices have risen by +1.0% over the past year.
- What is the average salary in Grantham?
- The median annual salary in Grantham is £38,584, compared to the UK national median of £39,039. This is £455 below the national average. Salaries typically range from £26,288 (lower quartile) to £50,880 (upper quartile).
- How much does it cost to rent in Grantham?
- Average monthly rent in Grantham is £905 per month. Rents have increased by +3.5% over the past year.
- Is Grantham an affordable place to live?
- Grantham is reasonably affordable, with rent taking up around 28% of the median monthly income. This is close to, but within, the 30% affordability threshold. The average monthly rent is £905, while the median annual salary is £38,584 (approximately £3,215 per month before tax).
- How does Grantham compare to London?
- The average house price in Grantham is £246,440, compared to approximately £551,000 in London. Property in Grantham costs around 45% of London prices, making it £304,560 cheaper on average. Rent is also more affordable, at £905 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Grantham?
- House prices in Grantham are currently rising, with a +1.0% increase over the past year. The current average price of £246,440 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
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