The median annual salary in Tamworth is currently £31,555 and the mean (average) is £32,925 before tax.
The median salary means half of all employees in Tamworth earn more than £31,555 and half earn less.
The mean (average) salary number of £32,925 is calculated by taking all the salaries in Tamworth adding them up and then dividing by the total number of jobs (currently 27,000 which is 0.12% of all UK jobs).
Over the past 12 months the Tamworth median salary of £31,555 has increased by 7.60% which places it 0.15% Below the median salary of the UK as a whole.
The mean salary of £32,925 has increased 3.30% during the same time period and now standards at 13.86% Below the mean salary of the UK.
Income (Before Tax) By Decile In Tamworth
Top 10%: x (and above)
Top 20% £45,284
Top 25% £40,878
Top 30% £39,449
Top 40% £35,522
Bottom 40% £28,123
Bottom 30% £23,882
Bottom 25% £22,243
Bottom 20% £23,882
Bottom 10% £11,624 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Tamworth
The median salary of £31,555 works out to:
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- £2,629.58 per month
- £615.40 per week
- £16.00 per hour
The mean salary of £32,925 works out to:
- £2,743.75 per month
- £646.30 per week
- £19.07 per hour
Men vs Women Salary Differences (Before Tax) In Tamworth
Of the 27,000 jobs in Tamworth, 13,000 (48.15%) were held by men and #VALUE! (#VALUE!) were held by women.
The median salary for men was £35,523 vs £25,089 for women.
The mean salary for men was £37,980 vs x for women.
This means men in Tamworth are paid 41.59% more based on median salaries or #VALUE! 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 Tamworth
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 £31,555:
- Salary Subject to Tax: £17,719.25
- Income Tax Owed: £3,543.85
- National Insurance: £1,518.80
- Employee Pension Deduction: £1,265.75
Take-Home Pay: £25,226.60 (79.94% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,025.20
Based on Mean Salary of £32,925:
- Salary Subject to Tax: £19,020.75
- Income Tax Owed: £3,804.15
- National Insurance: £1,628.40
- Employee Pension Deduction: £1,334.25
Take-Home Pay: £26,158.20 (79.45% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,134.80
How Expensive Is It To Employ Someone In Tamworth?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Tamworth it works out to:
- Salary: £31,555
- Employer National Insurance: £3,983.25
- Employer Pension Contribution: £759.45
Total Cost To An Employer: £36,297.70 per year
Based on the mean pay in Tamworth it works out to:
- Salary: £32,925
- Employer National Insurance: £4,188.75
- Employer Pension Contribution: £800.55
Total Cost To An Employer: £37,914.30 per year
Income Tax And National Insurance Paid By Workers In Tamworth
Finally, how much income tax and national insurance do people in Tamworth 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 Tamworth paid income tax and national insurance based on the median salary of £31,555 the combined income tax and national insurance (employer and employee) paid would be £244,239,300.
If all workers in Tamworth paid income tax and national insurance based on the mean salary of £32,925 the combined income tax and national insurance (employer and employee) paid would be £259,775,100.
Tamworth Tax Calculator
More Salary Data By City
- Warwickshire
- North Warwickshire
- Nuneaton and Bedworth
- Rugby
- Stratford-on-Avon
- Warwick
- West Midlands Met County
- Birmingham
- Coventry
- Dudley
All the data presented here comes from the Office of National Statistics.