Milton Keynes has been named one of the top cities for wages and innovation and is top for housing growth.
The Cities Outlook 2025 report commissioned by Centre for Cities shows workers in the city earn an average £40,596, compared to the national average of £37,206. Cutting-edge industries are cited as among one of the many factors.
The report revealed that cities with higher wages tend to have a greater number of innovative businesses in sectors such as tech and AI. Areas with the highest levels of pay have more than twice as many cutting-edge firms and three times as many high-tech jobs as lower-paying regions.
One in three jobs in the city is in technology and it has one of the highest shares of new economy businesses, with 56.7 start-ups per 10,000 people, making it third in the country.
Additionally, the report highlights Milton Keynes as the fastest growing city in the country, with a 2.4 per cent growth in housebuilding in a single year.
Leader of Milton Keynes City Council Cllr Pete Marland said: “These reports are helpful and give us the opportunity to see how we’re performing compared to other cities. It’s really encouraging to see that our work to drive the tech ecosystem in Milton Keynes is paying off with well-paid jobs and a growing number of start-ups.
“Housebuilding is a really important marker and I’m proud that we’re leading the way on providing much-needed home along with infrastructure to support current and new communities.
“The report is a testament to the great city that we are. It’s important to take lessons from this data, so we can do our bit to further diversify our economy and ensure everyone in MK benefits from well-planned and sustainable growth.”
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