Estimated monthly living costs for a single person in Milton Keynes are £737, not including rent. Property prices in Milton Keynes are slightly above the national average, but much cheaper than London. The average price of a property in the year to August 2023 was £342,703, according to data from Zoopla.
Where is the cheapest place to live in Milton Keynes?
Some of the cheapest residential streets in Milton Keynes include Mahler Close,in Browns Wood, Plantain Court, in Walnut Tree and Paynes Drive, Loughton. But the streets with cheaper housing in the Milton Keynes Postcodes often tend to contain smaller flats and studios which would have a lower value.
The richest area, according to the statistics, is Broughton, Middleton & Kents Hill, where the average total annual income per household is £65,700. The poorest is Stacey Bushes & Fullers Slade, where the average is £34,600. The difference between the two is a whopping £3,100 a year.
The average cost of living in Milton is $3,713/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Milton Keynes was the fifth most expensive place in the UK, with an average rent of £1,623.47 for a three bedroomed family home. The city also came out as one of the top five most costly places in the UK to rent a single room in a house or flat.
If you're debating a move to the thriving MK, then you're in good company. Thanks to its sprawling urban design, plentiful job opportunities, and vibrant community, this city is truly a hidden gem nestled in the heart of England. In 2023, many young professionals are making the move to live in Milton Keynes.
Ethnicity. In the 2021 census, almost 71.8% of the population described their ethnic origin as white, 12.3% as Asian, 9.7% as black, 4% as mixed, and 2% as another ethnic group.
Along with Bedford, Milton Keynes in Buckinghamshire has the highest forecast growth for this year and for London commuters looking to buy outside of the capital, Milton Keynes is one of the best places to invest in property and has been named as one of the best commuter areas for 2020.
There are many companies doing business in MK, including Red Bull Racing, Mercedes-Benz, Domino's, and BP, to name a few. This means that it's always easy to find a great job that pays well. And the average home price is just over £300,000 in MK, which is less than half of the average property price in London.
The figures show more people in Milton Keynes identify as Muslim, with 20,484 selecting the religion last year, up from 11,913 in 2011. Additionally, 12,911 residents said they were Hindu in the survey, up from 6,918 10 years ago.
Properties in Milton Keynes had an overall average price of £346,216 over the last year. The majority of sales in Milton Keynes during the last year were detached properties, selling for an average price of £538,096. Terraced properties sold for an average of £285,731, with semi-detached properties fetching £330,836.
There has been a rise in demand for rental properties and an 8.9% fall in the number of Milton Keynes private rented properties, which has caused Milton Keynes rents to rise by 5.8% in the last year, a new all-time high.
What is Milton Keynes Most Famous For? There are plenty of things to do in Milton Keynes, one of the largest towns in the South East of England. Best known for its roundabouts and concrete cows, the vibrant town is characterised by plenty of green space like the Buckinghamshire countryside that came before it.
“Milton Keynes benefits from a fruitful coexistence of government and private sector activity, focused mainly on research, technology and IT services,” he says. “This is in part due to its ideal position between the university towns of Cambridge and Oxford.
Beautiful open spaces sit alongside popular leisure attractions, there's lots on offer culturally, and our friendly neighbourhoods feature high quality community facilities with easy ways to get around on foot and by bike as well as by car.
Milton Keynes has topped a list of cities in England for attracting residential investment, coming third overall after Edinburgh and Glasgow. The list has been compiled by commercial real estate firm Colliers in its latest edition of Top UK Residential Inve stment Cities report.
Milton Keynes, with an average of 15.42m² of parks per ten inhabitants, is officially crowned the greenest city (well, town) in Britain! Willen Lake is Milton Keynes' most popular park and even attracts more than 750,000 visitors annually. The two lakes are surrounded by 180 acres of lush landscaped parkland.
Motor traffic is segregated from pedestrian and leisure cycling traffic, which uses the alternative Milton Keynes redway system. Almost all grid junctions are roundabouts, and the absence of traffic lights (from most) enables free and efficient movement of traffic.
Why Milton Keynes Is One of the Smart Cities in the World. Milton Keynes Council director of strategies and futures describes the grand ambitions and projects that put them on the world's smart city map.
Annual crime rate in Milton Keynes postcode area is 39.5 crimes per annum per 1000 workday people as of December 2023. Compared to the national crime rate, Milton Keynes's crime rate is at 112%. Violent crime makes up 38.3% of all crimes reported in the postcode area.
The city also has a strong transportation system and a diverse economy, with many job opportunities in a variety of industries. Additionally, Milton Keynes is less crowded and more family-friendly than London, and it is also closer to the countryside, which can be great for those who enjoy outdoor activities.
