The median annual salary in Melton is currently £27,433 and the mean (average) is £30,302 before tax.
The median salary means half of all employees in Melton earn more than £27,433 and half earn less.
The mean (average) salary number of £30,302 is calculated by taking all the salaries in Melton adding them up and then dividing by the total number of jobs (currently 17,000 which is 0.07% of all UK jobs).
Over the past 12 months the Melton median salary of £27,433 has increased by 11.90% which places it 13.19% Below the median salary of the UK as a whole.
The mean salary of £30,302 has increased 12.10% during the same time period and now standards at 20.73% Below the mean salary of the UK.
Income (Before Tax) By Decile In Melton
Top 10%: x (and above)
Top 20% x
Top 25% x
Top 30% £33,094
Top 40% £29,890
Bottom 40% £23,682
Bottom 30% £18,099
Bottom 25% £16,320
Bottom 20% £18,099
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Melton
The median salary of £27,433 works out to:
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- £2,286.08 per month
- £507.60 per week
- £14.56 per hour
The mean salary of £30,302 works out to:
- £2,525.17 per month
- £589.20 per week
- £18.40 per hour
Men vs Women Salary Differences (Before Tax) In Melton
Of the 17,000 jobs in Melton, 9,000 (52.94%) were held by men and 8,000 (47.06%) were held by women.
The median salary for men was £33,110 vs £18,140 for women.
The mean salary for men was £40,382 vs £19,999 for women.
This means men in Melton are paid 82.52% more based on median salaries or 101.92% 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 Melton
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 £27,433:
- Salary Subject to Tax: £13,803.35
- Income Tax Owed: £2,760.67
- National Insurance: £1,189.04
- Employee Pension Deduction: £1,059.65
Take-Home Pay: £22,423.64 (81.74% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,695.44
Based on Mean Salary of £30,302:
- Salary Subject to Tax: £16,528.90
- Income Tax Owed: £3,305.78
- National Insurance: £1,418.56
- Employee Pension Deduction: £1,203.10
Take-Home Pay: £24,374.56 (80.44% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,924.96
How Expensive Is It To Employ Someone In Melton?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Melton it works out to:
- Salary: £27,433
- Employer National Insurance: £3,364.95
- Employer Pension Contribution: £635.79
Total Cost To An Employer: £31,433.74 per year
Based on the mean pay in Melton it works out to:
- Salary: £30,302
- Employer National Insurance: £3,795.30
- Employer Pension Contribution: £721.86
Total Cost To An Employer: £34,819.16 per year
Income Tax And National Insurance Paid By Workers In Melton
Finally, how much income tax and national insurance do people in Melton 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 Melton paid income tax and national insurance based on the median salary of £27,433 the combined income tax and national insurance (employer and employee) paid would be £124,349,220.
If all workers in Melton paid income tax and national insurance based on the mean salary of £30,302 the combined income tax and national insurance (employer and employee) paid would be £144,833,880.
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More Salary Data By City
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- Oadby and Wigston
- Lincolnshire
- Boston
- East Lindsey
- Lincoln
- North Kesteven
- South Holland
- South Kesteven
- West Lindsey
All the data presented here comes from the Office of National Statistics.