Cost of Living in Peterborough
East of England
City
Cambridgeshire, EnglandPopulation: 215,000
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£2,015Band D / yr
Energy£143/ mo
Water£34.00/ mo
Broadband£34.00/ mo
Bus Pass£73.33/ mo
House Prices in Peterborough
+2.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£327,860
Detached£489,850
Semi-detached£324,950
Terraced£271,600
Flat / Apartment£194,000
House prices in Peterborough have increased by +2.0% over the past year.
Salaries in Peterborough
Annual Salary
Median and mean gross annual pay
Median£40,474
Mean£46,002
Median hourly rate£19.53/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£27,744
Upper quartile (75th)£54,570
vs UK National Median (£39,039)
+3.7%
£1,435 above national averageMonthly Cost of Living in Peterborough
Estimated Monthly Breakdown
What it costs to live in Peterborough each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,126 |
| Housing | Council Tax(Band D, paid over 12 months) | £168 |
| Utilities | Energy(Gas and electricity) | £143 |
| Utilities | Water | £34.00 |
| Utilities | Broadband | £34.00 |
| Transport | Transport(Monthly commute estimate) | £189 |
| Food | Groceries(Estimated monthly shop) | £272 |
| Leisure | Leisure(Gym, dining out, entertainment) | £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 Costs in Peterborough
Monthly Bus Pass
Standard adult monthly bus pass
£73.33
Fuel per Litre
Average petrol price per litre
£1.46
Monthly Commute
Estimated monthly commuting cost
£189
Compare Peterborough with Another Location
See how the cost of living in Peterborough stacks up against other UK cities and towns.
Or choose any two locations to compareFrequently 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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