How Much Does It Cost to Live In Milton Keynes?
Sometimes, choosing the best place to live in might not be as easy as it looks like.
This is such an important decision, and once the mistake is made, it can be difficult to correct it.
It is true that there are many things that make the United Kingdom so interesting and unique and many foreigners dream of settling there.
So, newcomers are advised to do their own research related to the advantages and disadvantages before moving to a new area.Cost of Living Index:
United Kingdom : Cost of Living by City
- Milton Keynes
- Newcastle upon Tyne
Restaurant prices are based on the price of groceries, thus pretty pricey here.
You will have to pay almost $20 for a meal at the least expensive restaurant, while those luxurious ones offer dishes at $100 or more per person.
Do not get surprised with the price of alcohol, as a bottle of beer is almost $5.
When it comes to food, the cost of living is very high in Milton Keynes.
It is interesting to mention that an average monthly grocery shop costs more here than in central London, so it is wise to better organize your food expenses, meaning buying foodstuff at the markets and on discounts.
The price of petrol in Milton Keynes is above the average for the United Kingdom, but still not among the most expensive in the country.
Taking public transport system is both affordable and efficient, will save you energy and money and allow you to be at work on time.
While some of the cities have utilities prices around $150, which is pretty affordable, Milton Keynes is among the most expensive ones, where basic services cost $215 per month and are growing even more during winter days when the heating is on.
SPORTS & LEISURE
Just as every city, Milton Keynes does have numerous fitness clubs and places of entertainment which is a very positive thing.
Sports people will be satisfied with the prices of gyms, which are affordable while the tennis court rent can be considered a bit higher than expected.
CLOTHING & SHOES
The comparatively high cost of living does not affect the clothing prices here.
Actually, they are quite lower than in some other cities which have the same average salaries.
This is one of the advantages of this city, especially for people interested in designer apparel.
RENT PER MONTH
Incomes are very good in Milton Keynes compared to the United Kingdom as a whole, so the rent prices are high accordingly.
There is not a huge difference between the one bedroom and three bedrooms apartments in the city center, being that it is only $400.
Cost of Living Averages Table for Milton Keynes*Note: All prices are indicated in USD.
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$18.29|
|Domestic Beer (0.5 Liter)||$4.66|
|Water (0.33 Liter)||$1.20||Average Market Prices|
|Milk (1 Liter)||$1.16|
|Loaf Bread (500g)||$1.25|
|Eggs (12)||$2.46||Average Transport Prices|
|One Way Ticket||$3.19|
|Gasoline||$1.65||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$215.95|
|1 min. of Prepaid Mobile Tariff Local||$0.15|
|Internet (Unlimited Data, Cable/ADSL)||$38.81||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$38.22|
|Tennis Court Rent (1 Hour)||$19.79|
|Cinema, 1 Seat, International Release||$13.97||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$59.87|
|1 Summer Dress in a Chain Store (Zara, etc...)||$31.93|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$68.30||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$1100.46|
|Apartment (1 bedroom) Outside of Center||$886.14|
|Apartment (3 bedrooms) in City Center||$1545.92|
How Does the Average Person Spend Their Money in Milton Keynes?
Milton Keynes has reasonably good employment rates, and approximately 74% of people is employed there.
This is attractive to people looking for job opportunities, thus they settle this city.
Those coming here should know that rent and food will take two thirds of their monthly wage, while the rest will be divided into other 5 categories.
Entertainment and utilities take equal amount of money, while clothing is the least important expense.
However, all this depends on person’s preferences.
Average Costs Breakdown
Milton Keynes: Average Salary, Minimum Wage & Mortgages
Milton Keynes is located in the South East of England and this is a city that might not be found on many people’s agendas, being that it is not so popular as some other United Kingdom cities.
What is the interesting here is the fact that rent prices are quite high, and you will need to have at least the average one to be able to provide a place of living for your family.
Buying property is possible and the mortgage interest rate is 3.22%.
Cost of Living by City in Milton Keynes
|City||Cost of Living Index|
|Newcastle upon Tyne||62.76|