Cost of Living in Milton Keynes
East of England
City
Buckinghamshire, EnglandPopulation: 269,000
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£2,168Band D / yr
Energy£148/ mo
Water£35.00/ mo
Broadband£41.00/ mo
Bus Pass£78.62/ mo
House Prices in Milton Keynes
+4.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£317,720
Detached£474,700
Semi-detached£314,900
Terraced£263,200
Flat / Apartment£188,000
House prices in Milton Keynes have increased by +4.0% over the past year.
Salaries in Milton Keynes
Annual Salary
Median and mean gross annual pay
Median£43,251
Mean£49,159
Median hourly rate£20.87/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£29,648
Upper quartile (75th)£58,315
vs UK National Median (£39,039)
+10.8%
£4,212 above national averageMonthly Cost of Living in Milton Keynes
Estimated Monthly Breakdown
What it costs to live in Milton Keynes each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,318 |
| Housing | Council Tax(Band D, paid over 12 months) | £181 |
| Utilities | Energy(Gas and electricity) | £148 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £41.00 |
| Transport | Transport(Monthly commute estimate) | £203 |
| Food | Groceries(Estimated monthly shop) | £292 |
| Leisure | Leisure(Gym, dining out, entertainment) | £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 Costs in Milton Keynes
Monthly Bus Pass
Standard adult monthly bus pass
£78.62
Fuel per Litre
Average petrol price per litre
£1.56
Monthly Commute
Estimated monthly commuting cost
£203
Compare Milton Keynes with Another Location
See how the cost of living in Milton Keynes stacks up against other UK cities and towns.
Milton Keynes vs London
Milton Keynes vs Manchester
Milton Keynes vs Birmingham
Milton Keynes vs Edinburgh
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 Locations
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