The median annual salary in Forest of Dean is currently £31,883 and the mean (average) is £33,140 before tax.
The median salary means half of all employees in Forest of Dean earn more than £31,883 and half earn less.
The mean (average) salary number of £33,140 is calculated by taking all the salaries in Forest of Dean adding them up and then dividing by the total number of jobs (currently 24,000 which is 0.10% of all UK jobs).
Over the past 12 months the Forest of Dean median salary of £31,883 has increased by 2.20% which places it 0.89% Above the median salary of the UK as a whole.
The mean salary of £33,140 has increased 0.50% during the same time period and now standards at 13.30% Below the mean salary of the UK.
Income (Before Tax) By Decile In Forest of Dean
Top 10%: x (and above)
Top 20% x
Top 25% £42,572
Top 30% £40,316
Top 40% £36,433
Bottom 40% £28,348
Bottom 30% £22,398
Bottom 25% £19,448
Bottom 20% £22,398
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Forest of Dean
The median salary of £31,883 works out to:
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- £2,656.92 per month
- £607.20 per week
- £15.79 per hour
The mean salary of £33,140 works out to:
- £2,761.67 per month
- £648.70 per week
- £18.86 per hour
Men vs Women Salary Differences (Before Tax) In Forest of Dean
Of the 24,000 jobs in Forest of Dean, 11,000 (45.83%) were held by men and 13,000 (54.17%) were held by women.
The median salary for men was £38,018 vs £24,569 for women.
The mean salary for men was £40,518 vs £26,541 for women.
This means men in Forest of Dean are paid 54.74% more based on median salaries or 52.66% 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 Forest of Dean
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 £31,883:
- Salary Subject to Tax: £18,030.85
- Income Tax Owed: £3,606.17
- National Insurance: £1,545.04
- Employee Pension Deduction: £1,282.15
Take-Home Pay: £25,449.64 (79.82% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,051.44
Based on Mean Salary of £33,140:
- Salary Subject to Tax: £19,225.00
- Income Tax Owed: £3,845.00
- National Insurance: £1,645.60
- Employee Pension Deduction: £1,345.00
Take-Home Pay: £26,304.40 (79.37% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,152.00
How Expensive Is It To Employ Someone In Forest of Dean?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Forest of Dean it works out to:
- Salary: £31,883
- Employer National Insurance: £4,032.45
- Employer Pension Contribution: £769.29
Total Cost To An Employer: £36,684.74 per year
Based on the mean pay in Forest of Dean it works out to:
- Salary: £33,140
- Employer National Insurance: £4,221.00
- Employer Pension Contribution: £807.00
Total Cost To An Employer: £38,168.00 per year
Income Tax And National Insurance Paid By Workers In Forest of Dean
Finally, how much income tax and national insurance do people in Forest of Dean 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 Forest of Dean paid income tax and national insurance based on the median salary of £31,883 the combined income tax and national insurance (employer and employee) paid would be £220,407,840.
If all workers in Forest of Dean paid income tax and national insurance based on the mean salary of £33,140 the combined income tax and national insurance (employer and employee) paid would be £233,078,400.
Forest of Dean Tax Calculator
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All the data presented here comes from the Office of National Statistics.