The median annual salary in Newport is currently £31,068 and the mean (average) is £33,317 before tax.
The median salary means half of all employees in Newport earn more than £31,068 and half earn less.
The mean (average) salary number of £33,317 is calculated by taking all the salaries in Newport 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 Newport median salary of £31,068 has increased by 12.60% which places it 1.69% Below the median salary of the UK as a whole.
The mean salary of £33,317 has increased 12.00% during the same time period and now standards at 12.84% Below the mean salary of the UK.
Income (Before Tax) By Decile In Newport
Top 10%: x (and above)
Top 20% £44,549
Top 25% £41,351
Top 30% £39,225
Top 40% £35,634
Bottom 40% £27,222
Bottom 30% £23,107
Bottom 25% £20,865
Bottom 20% £23,107
Bottom 10% £11,733 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Newport
The median salary of £31,068 works out to:
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- £2,589.00 per month
- £578.60 per week
- £16.19 per hour
The mean salary of £33,317 works out to:
- £2,776.42 per month
- £629.70 per week
- £19.42 per hour
Men vs Women Salary Differences (Before Tax) In Newport
Of the 56,000 jobs in Newport, 27,000 (48.21%) were held by men and 29,000 (51.79%) were held by women.
The median salary for men was £35,485 vs £27,214 for women.
The mean salary for men was £38,135 vs £28,951 for women.
This means men in Newport are paid 30.39% more based on median salaries or 31.72% 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 Newport
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 £31,068:
- Salary Subject to Tax: £17,256.60
- Income Tax Owed: £3,451.32
- National Insurance: £1,479.84
- Employee Pension Deduction: £1,241.40
Take-Home Pay: £24,895.44 (80.13% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,986.24
Based on Mean Salary of £33,317:
- Salary Subject to Tax: £19,393.15
- Income Tax Owed: £3,878.63
- National Insurance: £1,659.76
- Employee Pension Deduction: £1,353.85
Take-Home Pay: £26,424.76 (79.31% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,166.16
How Expensive Is It To Employ Someone In Newport?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Newport it works out to:
- Salary: £31,068
- Employer National Insurance: £3,910.20
- Employer Pension Contribution: £744.84
Total Cost To An Employer: £35,723.04 per year
Based on the mean pay in Newport it works out to:
- Salary: £33,317
- Employer National Insurance: £4,247.55
- Employer Pension Contribution: £812.31
Total Cost To An Employer: £38,376.86 per year
Income Tax And National Insurance Paid By Workers In Newport
Finally, how much income tax and national insurance do people in Newport 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 Newport paid income tax and national insurance based on the median salary of £31,068 the combined income tax and national insurance (employer and employee) paid would be £495,116,160.
If all workers in Newport paid income tax and national insurance based on the mean salary of £33,317 the combined income tax and national insurance (employer and employee) paid would be £548,012,640.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.