The median annual salary in Preston is currently £28,812 and the mean (average) is £33,686 before tax.
The median salary means half of all employees in Preston earn more than £28,812 and half earn less.
The mean (average) salary number of £33,686 is calculated by taking all the salaries in Preston adding them up and then dividing by the total number of jobs (currently 51,000 which is 0.22% of all UK jobs).
Over the past 12 months the Preston median salary of £28,812 has increased by 6.70% which places it 8.83% Below the median salary of the UK as a whole.
The mean salary of £33,686 has increased 7.70% during the same time period and now standards at 11.87% Below the mean salary of the UK.
Income (Before Tax) By Decile In Preston
Top 10%: x (and above)
Top 20% £48,257
Top 25% £44,603
Top 30% £39,365
Top 40% £34,694
Bottom 40% £25,301
Bottom 30% £21,405
Bottom 25% £18,786
Bottom 20% £21,405
Bottom 10% £10,422 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Preston
The median salary of £28,812 works out to:
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- £2,401.00 per month
- £562.10 per week
- £15.74 per hour
The mean salary of £33,686 works out to:
- £2,807.17 per month
- £633.30 per week
- £19.13 per hour
Men vs Women Salary Differences (Before Tax) In Preston
Of the 51,000 jobs in Preston, 26,000 (50.98%) were held by men and 25,000 (49.02%) were held by women.
The median salary for men was £35,289 vs £24,158 for women.
The mean salary for men was £40,168 vs £26,795 for women.
This means men in Preston are paid 46.08% more based on median salaries or 49.91% more based on mean salaries than women.
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(Note this difference does not take into account the type of jobs held by men vs women just raw salary numbers)
Average Take-Home After-Tax Income In Preston
The calculations below look at how much money the most typical worker gets to keep after income tax, employee national insurance and standard 5% employee pension contributions.
Based on Median Salary of £28,812:
- Salary Subject to Tax: £15,113.40
- Income Tax Owed: £3,022.68
- National Insurance: £1,299.36
- Employee Pension Deduction: £1,128.60
Take-Home Pay: £23,361.36 (81.08% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,805.76
Based on Mean Salary of £33,686:
- Salary Subject to Tax: £19,743.70
- Income Tax Owed: £3,948.74
- National Insurance: £1,689.28
- Employee Pension Deduction: £1,372.30
Take-Home Pay: £26,675.68 (79.19% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,195.68
How Expensive Is It To Employ Someone In Preston?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Preston it works out to:
- Salary: £28,812
- Employer National Insurance: £3,571.80
- Employer Pension Contribution: £677.16
Total Cost To An Employer: £33,060.96 per year
Based on the mean pay in Preston it works out to:
- Salary: £33,686
- Employer National Insurance: £4,302.90
- Employer Pension Contribution: £823.38
Total Cost To An Employer: £38,812.28 per year
Income Tax And National Insurance Paid By Workers In Preston
Finally, how much income tax and national insurance do people in Preston pay altogether?
The calculations below show the combined totals based only on median and mean salaries. However, the actual number is significantly higher as “The 10% of income taxpayers with the largest incomes contribute over 60% of income tax receipts.”
If all workers in Preston paid income tax and national insurance based on the median salary of £28,812 the combined income tax and national insurance (employer and employee) paid would be £402,585,840.
If all workers in Preston paid income tax and national insurance based on the mean salary of £33,686 the combined income tax and national insurance (employer and employee) paid would be £506,986,920.
Preston Tax Calculator
More Salary Data By City
- Ribble Valley
- Rossendale
- South Ribble
- West Lancashire
- Wyre
- Merseyside Met County
- Knowsley
- Liverpool
- St. Helens
- Sefton
All the data presented here comes from the Office of National Statistics.