The median annual salary in Cherwell is currently £36,400 and the mean (average) is £42,105 before tax.
The median salary means half of all employees in Cherwell earn more than £36,400 and half earn less.
The mean (average) salary number of £42,105 is calculated by taking all the salaries in Cherwell adding them up and then dividing by the total number of jobs (currently 67,000 which is 0.29% of all UK jobs).
Over the past 12 months the Cherwell median salary of £36,400 has increased by 8.80% which places it 15.18% Above the median salary of the UK as a whole.
The mean salary of £42,105 has increased 13.90% during the same time period and now standards at 10.15% Above the mean salary of the UK.
Income (Before Tax) By Decile In Cherwell
Top 10%: x (and above)
Top 20% £55,518
Top 25% £52,010
Top 30% £48,303
Top 40% £41,787
Bottom 40% £32,003
Bottom 30% £25,437
Bottom 25% £22,704
Bottom 20% £25,437
Bottom 10% £12,000 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Cherwell
The median salary of £36,400 works out to:
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- £3,033.33 per month
- £679.40 per week
- £18.69 per hour
The mean salary of £42,105 works out to:
- £3,508.75 per month
- £782.50 per week
- £22.85 per hour
Men vs Women Salary Differences (Before Tax) In Cherwell
Of the 67,000 jobs in Cherwell, 35,000 (52.24%) were held by men and 32,000 (47.76%) were held by women.
The median salary for men was £43,368 vs £29,187 for women.
The mean salary for men was £48,484 vs £35,303 for women.
This means men in Cherwell are paid 48.59% more based on median salaries or 37.34% 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 Cherwell
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 £36,400:
- Salary Subject to Tax: £22,322.00
- Income Tax Owed: £4,464.40
- National Insurance: £1,906.40
- Employee Pension Deduction: £1,508.00
Take-Home Pay: £28,521.20 (78.35% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,412.80
Based on Mean Salary of £42,105:
- Salary Subject to Tax: £27,741.75
- Income Tax Owed: £5,548.35
- National Insurance: £2,362.80
- Employee Pension Deduction: £1,793.25
Take-Home Pay: £32,400.60 (76.95% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,869.20
How Expensive Is It To Employ Someone In Cherwell?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Cherwell it works out to:
- Salary: £36,400
- Employer National Insurance: £4,710.00
- Employer Pension Contribution: £904.80
Total Cost To An Employer: £42,014.80 per year
Based on the mean pay in Cherwell it works out to:
- Salary: £42,105
- Employer National Insurance: £5,565.75
- Employer Pension Contribution: £1,075.95
Total Cost To An Employer: £48,746.70 per year
Income Tax And National Insurance Paid By Workers In Cherwell
Finally, how much income tax and national insurance do people in Cherwell 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 Cherwell paid income tax and national insurance based on the median salary of £36,400 the combined income tax and national insurance (employer and employee) paid would be £742,413,600.
If all workers in Cherwell paid income tax and national insurance based on the mean salary of £42,105 the combined income tax and national insurance (employer and employee) paid would be £902,952,300.
Cherwell Tax Calculator
More Salary Data By City
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- Mole Valley
- Reigate and Banstead
All the data presented here comes from the Office of National Statistics.