10 Richest UK Cities – Ranked by Average Salary and Millionaire Residents

The richest UK cities will definitely want to relocate to.

If you’ve ever wondered where Britain’s richest residents live or where you’re most likely to spot a Bentley outside a private members’ club—this list reveals the top richest UK cities, ranked by average salary and number of millionaire residents. These cities are not just economic powerhouses they’re also hotspots for luxury living, elite education, and high-end real estate.

Whether you’re curious about future investment hotspots or just love a glimpse into the lifestyles of the ultra-affluent, here’s the richest UK cities and where the wealthy live

1. London

Average Salary: £52,700
Millionaire Residents: 384,000+

As the capital and financial epicentre of the UK, London leads the pack. Home to hedge fund billionaires, tech moguls, and royalty, the city boasts high salaries and jaw-dropping property prices.

• Luxury Lifestyle Snapshot: Mayfair members’ clubs like Annabel’s, Rolls-Royces in Knightsbridge, top-tier schools like Westminster and St Paul’s.

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2. Edinburgh

Average Salary: £43,600
Millionaire Residents: 23,000+

Scotland’s capital is not only rich in heritage but also in wealth. With a booming financial sector and refined lifestyle, Edinburgh attracts high earners and retirees alike.

• Luxury Lifestyle Snapshot: Georgian townhouses in New Town, Fettes College, Scotch whisky tastings in private lounges.

3. Guildford

Average Salary: £41,500
Millionaire Residents: 21,000+

Often called the “Beverly Hills of Surrey,” Guildford is a commuter haven for the City’s elite.

• Luxury Lifestyle Snapshot: Range Rovers at the school gates, cobbled shopping streets with Hugo Boss and The Ivy, memberships at Pennyhill Park spa.

4. Oxford

Average Salary: £39,000
Millionaire Residents: 18,000+

Beyond academia, Oxford is a magnet for old money and global investors.

• Luxury Lifestyle Snapshot: Punting down the Cherwell, fine dining at Raymond Blanc’s Le Manoir nearby, weekend homes in the Cotswolds.

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5. Cambridge

Average Salary: £40,300
Millionaire Residents: 17,000+

Another brainy city where innovation meets affluence. The booming tech and science park industry drives high incomes.

• Luxury Lifestyle Snapshot: Tesla sightings in Science Park, private tuition centres, and yacht weekends in Suffolk.

6. St Albans

Average Salary: £42,100
Millionaire Residents: 14,000+

A leafy cathedral city just 20 minutes from London, St Albans is full of quietly wealthy professionals and entrepreneurs.

• Luxury Lifestyle Snapshot: Michelin-starred brunches, boutique fitness studios, top schools like St Albans School and Haberdashers’.

7. Bristol

Average Salary: £37,800
Millionaire Residents: 13,000+

The South West’s rising star, Bristol has become a hub for creatives, investors, and tech entrepreneurs.

• Luxury Lifestyle Snapshot: Harbourside penthouses, organic farm-to-table restaurants, and members-only speakeasies.

8. Bath

Average Salary: £38,200
Millionaire Residents: 10,000+

An elegant spa city with classic Georgian architecture and wealthy residents who favour heritage over flash.

• Luxury Lifestyle Snapshot: Afternoon tea at The Royal Crescent Hotel, classic Jaguars, and country clubs tucked into the Somerset hills.

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9. Manchester

Average Salary: £36,900
Millionaire Residents: 9,000+

A new generation of wealthy Northerners is reshaping Manchester’s luxury landscape. From media to fashion and property, fortunes are being made fast.

• Luxury Lifestyle Snapshot: Designer lofts in Deansgate, Soho House-style clubs, and champagne bars with skyline views.

10. Winchester

Average Salary: £40,000
Millionaire Residents: 7,500+

This ancient city blends history with high-net-worth residents, making it a low-key luxury gem.

• Luxury Lifestyle Snapshot: Winchester College, cashmere and countryside chic, and Range Rovers parked outside delis.

Richest UK cities we love the most

From historic spa towns to cutting-edge tech hubs, these cities represent the full spectrum of British wealth. Whether you’re drawn to academic prestige, proximity to London, or booming industries, these richest UK cities are millionaire magnets and offer more than just high salaries. These cities offer entire lifestyles defined by elegance, exclusivity, and affluence. The only question is, which one will you be moving to?