Swindon is becoming one of Britain's most popular places to live, with the number of local residents growing at twice the national rate. The town is made attractive by its affordable housing, vibrant culture and the efficient road and rail systems that connect to other centres around Wiltshire.
Swindon's cost of living is comparable to other cities in Wiltshire County. However, property prices are considerably lower than comparable homes in Oxford or Bristol, although the more affluent east side is more expensive than the west.
Swindon Job Opportunities
Home to Intel UK, PRP Optoelectronics and the lubricants production arm of BP Global, Swindon has become known as a city of innovation within the UK. These businesses and others have built on Swindon's strong engineering heritage and helped foster emerging industries including information and communication technologies, life sciences and the alternative energies sector. Industry heavyweights such as Nationwide Building Society, Zurich Financial Service and Arval also provide jobs in Swindon in financial and business service roles.
Swindon Employment Trends
Swindon's population growth currently exceeds local employment opportunities. In 2014, job growth in the city dropped by 6.5%, well below the 5% growth experienced across the rest of the country. Swindon's private job sector had also slowed down, with 9.8% fewer job opportunities in the area.
This makes competition fierce for jobs in Swindon, especially as average local wages are increasing. There is hope, however, that pressure on the local employment market could ease. Despite losing some large firms in recent years, Swindon has gained the nation's fourth highest number of new businesses. While many of these are sole traders or small firms, with expansion more jobs shall become available.
In the meantime, many Swindon residents take advantage of the good road and rail networks that connect them to job opportunities around Wiltshire.