The median annual salary in Reigate and Banstead is currently £40,188 and the mean (average) is £54,386 before tax.
The median salary means half of all employees in Reigate and Banstead earn more than £40,188 and half earn less.
The mean (average) salary number of £54,386 is calculated by taking all the salaries in Reigate and Banstead adding them up and then dividing by the total number of jobs (currently 56,000 which is 0.24% of all UK jobs).
Over the past 12 months the Reigate and Banstead median salary of £40,188 has increased by 3.10% which places it 27.17% Above the median salary of the UK as a whole.
The mean salary of £54,386 has increased 18.50% during the same time period and now standards at 42.28% Above the mean salary of the UK.
Income (Before Tax) By Decile In Reigate and Banstead
Top 10%: x (and above)
Top 20% £61,999
Top 25% £56,623
Top 30% £54,423
Top 40% £46,922
Bottom 40% £34,885
Bottom 30% £29,405
Bottom 25% £26,339
Bottom 20% £29,405
Bottom 10% £15,261 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Reigate and Banstead
The median salary of £40,188 works out to:
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- £3,349.00 per month
- £746.90 per week
- £20.92 per hour
The mean salary of £54,386 works out to:
- £4,532.17 per month
- £936.80 per week
- £27.49 per hour
Men vs Women Salary Differences (Before Tax) In Reigate and Banstead
Of the 56,000 jobs in Reigate and Banstead, 27,000 (48.21%) were held by men and 29,000 (51.79%) were held by women.
The median salary for men was £47,514 vs £35,245 for women.
The mean salary for men was x vs £38,726 for women.
This means men in Reigate and Banstead are paid 34.81% 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 Reigate and Banstead
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 £40,188:
- Salary Subject to Tax: £25,920.60
- Income Tax Owed: £5,184.12
- National Insurance: £2,209.44
- Employee Pension Deduction: £1,697.40
Take-Home Pay: £31,097.04 (77.38% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,715.84
Based on Mean Salary of £54,386:
- Salary Subject to Tax: £39,614.50
- Income Tax Owed: £8,305.80
- National Insurance: £3,098.32
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £40,780.38 (74.98% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Reigate and Banstead?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Reigate and Banstead it works out to:
- Salary: £40,188
- Employer National Insurance: £5,278.20
- Employer Pension Contribution: £1,018.44
Total Cost To An Employer: £46,484.64 per year
Based on the mean pay in Reigate and Banstead it works out to:
- Salary: £54,386
- Employer National Insurance: £7,407.90
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £63,114.80 per year
Income Tax And National Insurance Paid By Workers In Reigate and Banstead
Finally, how much income tax and national insurance do people in Reigate and Banstead 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 Reigate and Banstead paid income tax and national insurance based on the median salary of £40,188 the combined income tax and national insurance (employer and employee) paid would be £709,618,560.
If all workers in Reigate and Banstead paid income tax and national insurance based on the mean salary of £54,386 the combined income tax and national insurance (employer and employee) paid would be £1,053,473,120.
Reigate and Banstead Tax Calculator
More Salary Data By City
All the data presented here comes from the Office of National Statistics.