The richest part of Northampton, based on average household income, is Wootton & Collingtree.
Understanding Wealth in Northampton
When assessing the "richest" areas, average household income is a key metric. This figure provides insight into the economic prosperity of residents within a specific neighbourhood. For Northampton, Wootton & Collingtree stands out as the area with the highest estimated average household income.
Households in Wootton & Collingtree have an estimated total annual income, before tax, of £63,300. This figure positions it as the most affluent neighbourhood within Northampton based on this economic indicator.
Key Economic Indicators
Average household income is a primary measure used to determine the financial standing of a community. It reflects the cumulative earnings of all adult members within a household.
| Neighbourhood | Average Annual Household Income (Before Tax) |
|---|---|
| Wootton & Collingtree | £63,300 |
This notable income figure for Wootton & Collingtree suggests a strong local economy within the area, potentially supported by various factors contributing to its residents' financial well-being.
Factors Contributing to Affluence
While specific reasons for Wootton & Collingtree's higher income are complex, affluent areas typically benefit from a combination of factors. These can include a high proportion of residents in well-paying professions, access to desirable local amenities, and proximity to employment centers. The combination of these elements often contributes to higher property values and, consequently, a higher average household income, establishing certain neighbourhoods as economically robust.
