The median annual salary in Folkestone and Hythe is currently £32,943 and the mean (average) is £34,788 before tax.
The median salary means half of all employees in Folkestone and Hythe earn more than £32,943 and half earn less.
The mean (average) salary number of £34,788 is calculated by taking all the salaries in Folkestone and Hythe adding them up and then dividing by the total number of jobs (currently 35,000 which is 0.15% of all UK jobs).
Over the past 12 months the Folkestone and Hythe median salary of £32,943 has increased by 0.00% which places it 4.24% Above the median salary of the UK as a whole.
The mean salary of £34,788 has increased 11.50% during the same time period and now standards at 8.99% Below the mean salary of the UK.
Income (Before Tax) By Decile In Folkestone and Hythe
Top 10%: x (and above)
Top 20% £46,588
Top 25% £44,741
Top 30% £42,039
Top 40% £36,576
Bottom 40% £27,196
Bottom 30% £24,159
Bottom 25% £22,459
Bottom 20% £24,159
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Folkestone and Hythe
The median salary of £32,943 works out to:
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- £2,745.25 per month
- £617.50 per week
- £17.03 per hour
The mean salary of £34,788 works out to:
- £2,899.00 per month
- £665.70 per week
- £20.09 per hour
Men vs Women Salary Differences (Before Tax) In Folkestone and Hythe
Of the 35,000 jobs in Folkestone and Hythe, 18,000 (51.43%) were held by men and 17,000 (48.57%) were held by women.
The median salary for men was £37,518 vs £27,541 for women.
The mean salary for men was £38,930 vs £30,284 for women.
This means men in Folkestone and Hythe are paid 36.23% more based on median salaries or 28.55% 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 Folkestone and Hythe
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 £32,943:
- Salary Subject to Tax: £19,037.85
- Income Tax Owed: £3,807.57
- National Insurance: £1,629.84
- Employee Pension Deduction: £1,335.15
Take-Home Pay: £26,170.44 (79.44% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,136.24
Based on Mean Salary of £34,788:
- Salary Subject to Tax: £20,790.60
- Income Tax Owed: £4,158.12
- National Insurance: £1,777.44
- Employee Pension Deduction: £1,427.40
Take-Home Pay: £27,425.04 (78.83% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,283.84
How Expensive Is It To Employ Someone In Folkestone and Hythe?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Folkestone and Hythe it works out to:
- Salary: £32,943
- Employer National Insurance: £4,191.45
- Employer Pension Contribution: £801.09
Total Cost To An Employer: £37,935.54 per year
Based on the mean pay in Folkestone and Hythe it works out to:
- Salary: £34,788
- Employer National Insurance: £4,468.20
- Employer Pension Contribution: £856.44
Total Cost To An Employer: £40,112.64 per year
Income Tax And National Insurance Paid By Workers In Folkestone and Hythe
Finally, how much income tax and national insurance do people in Folkestone and Hythe 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 Folkestone and Hythe paid income tax and national insurance based on the median salary of £32,943 the combined income tax and national insurance (employer and employee) paid would be £337,010,100.
If all workers in Folkestone and Hythe paid income tax and national insurance based on the mean salary of £34,788 the combined income tax and national insurance (employer and employee) paid would be £364,131,600.
Folkestone and Hythe Tax Calculator
More Salary Data By City
- Swale
- Thanet
- Tonbridge and Malling
- Tunbridge Wells
- Oxfordshire
- Cherwell
- Oxford
- South Oxfordshire
- Vale of White Horse
- West Oxfordshire
All the data presented here comes from the Office of National Statistics.
