The median annual salary in Ipswich is currently £30,614 and the mean (average) is £34,086 before tax.
The median salary means half of all employees in Ipswich earn more than £30,614 and half earn less.
The mean (average) salary number of £34,086 is calculated by taking all the salaries in Ipswich adding them up and then dividing by the total number of jobs (currently 60,000 which is 0.26% of all UK jobs).
Over the past 12 months the Ipswich median salary of £30,614 has increased by 7.10% which places it 3.13% Below the median salary of the UK as a whole.
The mean salary of £34,086 has increased 10.80% during the same time period and now standards at 10.83% Below the mean salary of the UK.
Income (Before Tax) By Decile In Ipswich
Top 10%: x (and above)
Top 20% £44,846
Top 25% £41,710
Top 30% £39,037
Top 40% £34,709
Bottom 40% £27,495
Bottom 30% £24,308
Bottom 25% £22,063
Bottom 20% £24,308
Bottom 10% £10,442 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Ipswich
The median salary of £30,614 works out to:
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- £2,551.17 per month
- £591.20 per week
- £16.19 per hour
The mean salary of £34,086 works out to:
- £2,840.50 per month
- £650.70 per week
- £19.51 per hour
Men vs Women Salary Differences (Before Tax) In Ipswich
Of the 60,000 jobs in Ipswich, 30,000 (50.00%) were held by men and 29,000 (48.33%) were held by women.
The median salary for men was £35,742 vs £26,194 for women.
The mean salary for men was £40,684 vs £27,208 for women.
This means men in Ipswich are paid 36.45% more based on median salaries or 49.53% 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 Ipswich
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 £30,614:
- Salary Subject to Tax: £16,825.30
- Income Tax Owed: £3,365.06
- National Insurance: £1,443.52
- Employee Pension Deduction: £1,218.70
Take-Home Pay: £24,586.72 (80.31% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,949.92
Based on Mean Salary of £34,086:
- Salary Subject to Tax: £20,123.70
- Income Tax Owed: £4,024.74
- National Insurance: £1,721.28
- Employee Pension Deduction: £1,392.30
Take-Home Pay: £26,947.68 (79.06% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,227.68
How Expensive Is It To Employ Someone In Ipswich?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Ipswich it works out to:
- Salary: £30,614
- Employer National Insurance: £3,842.10
- Employer Pension Contribution: £731.22
Total Cost To An Employer: £35,187.32 per year
Based on the mean pay in Ipswich it works out to:
- Salary: £34,086
- Employer National Insurance: £4,362.90
- Employer Pension Contribution: £835.38
Total Cost To An Employer: £39,284.28 per year
Income Tax And National Insurance Paid By Workers In Ipswich
Finally, how much income tax and national insurance do people in Ipswich 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 Ipswich paid income tax and national insurance based on the median salary of £30,614 the combined income tax and national insurance (employer and employee) paid would be £519,040,800.
If all workers in Ipswich paid income tax and national insurance based on the mean salary of £34,086 the combined income tax and national insurance (employer and employee) paid would be £606,535,200.
Ipswich Tax Calculator
More Salary Data By City
- Mid Suffolk
- East Suffolk
- West Suffolk
- London
- Camden
- Hackney
- Hammersmith and Fulham
- Haringey
- Islington
- Kensington and Chelsea
All the data presented here comes from the Office of National Statistics.