From being described as ‘bland, rigid, sterile, and totally boring’ to becoming the fifth best place in the UK to make a living - Milton Keynes is on the up.
New research out today reveals that the city has scored top marks when it comes to mortgage repayments, cost of living and its job market.
TotallyMoney.com says that MK’s median monthly take-home salary is £1,931, with average monthly mortgage repayments of £926 and the cost of living rank reaching 41 out of 64.
Unemployment is at 6.5 per cent, while job growth climbs to 18 per cent.
The calculations focused on working and living in each town, with no points awarded for scenery, culture, or connections to the rest of the UK, which is why places which have commonly been favoured by those who commute into London, like Luton and Brighton, don’t make the top 20.
Blackburn is the best place in the UK to make a living, followed by Derby, Cambridge, Sunderland, and then Milton Keynes.
It’s a far cry from the city’s past description of ‘bland, rigid, sterile, and totally boring’ by the Royal Town Planning Institute president Francis Tibbalds.
The worst place to make a living in the UK is Gloucester, followed by Rochdale, Blackpool, Newport, and Burnley.
Derby, which ranked 2nd out of 64, claimed its spot in the top 5 with its low cost of living and healthy job market.
Cambridge’s low cost of living and high job growth in comparison to Oxford’s saw these top university cities rank number 3 and number 19 respectively. London ranked number 26
Alastair Douglas, TotallyMoney.com CEO, said: ”Far too often, only house prices are taken into account when trying to identify the best place to live.
“And this can produce some very misleading results. When we take into consideration job prospects and the cost of living as well as property prices we start to see a very different picture - some of the UK’s less frequently celebrated places start to look much more attractive.”
The report said: “Once mocked for its concrete cows, and described as ‘bland, rigid, sterile, and totally boring’ by Royal Town Planning Institute president Francis Tibbalds; today Milton Keynes is apparently on the up.
“The town saw the highest growth in jobs of any town or city in the UK, beating even London, and is home to the UK headquarters of Argos, Domino’s, Marshall, Mercedes, Suzuki, Volkswagen and Yamaha Kemble. Coutts and Co opened offices there citing it ‘a haven for millionaires of the future.”