Cost-Effectiveness
Finding the most cost-effective places to live, work or invest, means doing a bit of homework.
The recent economic downturn makes it essential to seek out locations that offer the very best value. North Northamptonshire has a clear advantage over all of its key competitors in offering an attractive package of cost and quality.
For businesses, lower operating costs mean a better chance of survival and success. For families, reducing monthly outgoings means being able to spend more on other things in life. Either way, North Northamptonshire is all about the freedom to choose the places that best suit your circumstances.
Business-friendly Costs
As the table below demonstrates, North Northamptonshire is a great place to locate a business, with advantageous operational costs giving you a head start over competitors in other locations.
Commercial operating costs are around 25% lower in Northamptonshire than those in the South East of England. Whether contemplating potential locations for office or industrial projects, the comparisons below demonstrate the cost-effectiveness of this area.
| Office (£/sq ft) | Industrial (£/sq ft) |
Commercial Property Costs |
Northamptonshire | 17 | 5.38 |
London | 60 | 15.25 |
Source: Invest Northamptonshire
| Average weekly wage(£) |
Salary Costs |
Corby | 436 |
Kettering | 475.50 |
Wellingborough | 411.90 |
East Northants | 516.80 |
UK Average | 501.80 |
Northampton | 454.40 |
Milton Keynes | 517.50 |
Watford/Luton | 586.10 |
London | 633 |
Average Weekly Wage, 2010. Based on ONS Annual Survey of Hours and Earnings - resident analysis
More Living for Less Cost
The towns of North Northamptonshire are around an hour’s train journey from St Pancras and offer significantly more choice and affordability for new housing than most places between London and the Midlands.
In fact, as the table below shows, for the price of a semi-detached property in other comparison areas, you can get a detached home in North Northamptonshire… and still have up to £50,000 change.
| Detached | Semi-Detached |
Housing Costs |
Corby | £198,803 | £110,889 |
Wellingborough | £211,510 | £125,381 |
Kettering | £215,079 | £130,986 |
East Northamptonshire | £239,289 | £133,709 |
Bedford | £257,490 | £173,429 |
Milton Keynes | £278,577 | £164,228 |
UK Average | £344,989 | £196,506 |
Watford | £430,135 | £261,263 |
Greater London | £520,828 | £286,813 |
Land Registry of England and Wales for the period April to June 2009.
