The median annual salary in Hertfordshire is currently £36,726 and the mean (average) is £48,255 before tax.
The median salary means half of all employees in Hertfordshire earn more than £36,726 and half earn less.
The mean (average) salary number of £48,255 is calculated by taking all the salaries in Hertfordshire adding them up and then dividing by the total number of jobs (currently 412,000 which is 1.76% of all UK jobs).
Over the past 12 months the Hertfordshire median salary of £36,726 has increased by 5.40% which places it 16.21% Above the median salary of the UK as a whole.
The mean salary of £48,255 has increased 8.70% during the same time period and now standards at 26.24% Above the mean salary of the UK.
Income (Before Tax) By Decile In Hertfordshire
Top 10%: £85,406 (and above)
Top 20% £62,444
Top 25% £56,477
Top 30% £51,317
Top 40% £43,504
Bottom 40% £31,264
Bottom 30% £26,194
Bottom 25% £23,492
Bottom 20% £26,194
Bottom 10% £11,801 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Hertfordshire
The median salary of £36,726 works out to:
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- £3,060.50 per month
- £695.30 per week
- £19.77 per hour
The mean salary of £48,255 works out to:
- £4,021.25 per month
- £860.80 per week
- £25.91 per hour
Men vs Women Salary Differences (Before Tax) In Hertfordshire
Of the 412,000 jobs in Hertfordshire, 204,000 (49.51%) were held by men and 208,000 (50.49%) were held by women.
The median salary for men was £44,220 vs £30,664 for women.
The mean salary for men was £59,719 vs £37,000 for women.
This means men in Hertfordshire are paid 44.21% more based on median salaries or 61.40% 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 Hertfordshire
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 £36,726:
- Salary Subject to Tax: £22,631.70
- Income Tax Owed: £4,526.34
- National Insurance: £1,932.48
- Employee Pension Deduction: £1,524.30
Take-Home Pay: £28,742.88 (78.26% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,438.88
Based on Mean Salary of £48,255:
- Salary Subject to Tax: £33,584.25
- Income Tax Owed: £6,716.85
- National Insurance: £2,854.80
- Employee Pension Deduction: £2,100.75
Take-Home Pay: £36,582.60 (75.81% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,361.20
How Expensive Is It To Employ Someone In Hertfordshire?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Hertfordshire it works out to:
- Salary: £36,726
- Employer National Insurance: £4,758.90
- Employer Pension Contribution: £914.58
Total Cost To An Employer: £42,399.48 per year
Based on the mean pay in Hertfordshire it works out to:
- Salary: £48,255
- Employer National Insurance: £6,488.25
- Employer Pension Contribution: £1,260.45
Total Cost To An Employer: £56,003.70 per year
Income Tax And National Insurance Paid By Workers In Hertfordshire
Finally, how much income tax and national insurance do people in Hertfordshire 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 Hertfordshire paid income tax and national insurance based on the median salary of £36,726 the combined income tax and national insurance (employer and employee) paid would be £4,621,700,640.
If all workers in Hertfordshire paid income tax and national insurance based on the mean salary of £48,255 the combined income tax and national insurance (employer and employee) paid would be £6,616,678,800.
Hertfordshire Tax Calculator
More Salary Data By City
- Broxbourne
- Dacorum
- East Hertfordshire
- Hertsmere
- North Hertfordshire
- St Albans
- Stevenage
- Three Rivers
- Watford
- Welwyn Hatfield
All the data presented here comes from the Office of National Statistics.