The median annual salary in Basingstoke and Deane is currently £38,130 and the mean (average) is £45,788 before tax.
The median salary means half of all employees in Basingstoke and Deane earn more than £38,130 and half earn less.
The mean (average) salary number of £45,788 is calculated by taking all the salaries in Basingstoke and Deane adding them up and then dividing by the total number of jobs (currently 82,000 which is 0.35% of all UK jobs).
Over the past 12 months the Basingstoke and Deane median salary of £38,130 has increased by 8.00% which places it 20.66% Above the median salary of the UK as a whole.
The mean salary of £45,788 has increased 11.60% during the same time period and now standards at 19.79% Above the mean salary of the UK.
Income (Before Tax) By Decile In Basingstoke and Deane
Top 10%: x (and above)
Top 20% £63,221
Top 25% £55,416
Top 30% £51,023
Top 40% £43,667
Bottom 40% £32,711
Bottom 30% £27,541
Bottom 25% £25,491
Bottom 20% £27,541
Bottom 10% £12,369 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Basingstoke and Deane
The median salary of £38,130 works out to:
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- £3,177.50 per month
- £728.10 per week
- £19.94 per hour
The mean salary of £45,788 works out to:
- £3,815.67 per month
- £857.30 per week
- £24.94 per hour
Men vs Women Salary Differences (Before Tax) In Basingstoke and Deane
Of the 82,000 jobs in Basingstoke and Deane, 44,000 (53.66%) were held by men and 39,000 (47.56%) were held by women.
The median salary for men was £43,474 vs £32,009 for women.
The mean salary for men was £53,369 vs £37,211 for women.
This means men in Basingstoke and Deane are paid 35.82% more based on median salaries or 43.42% 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 Basingstoke and Deane
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 £38,130:
- Salary Subject to Tax: £23,965.50
- Income Tax Owed: £4,793.10
- National Insurance: £2,044.80
- Employee Pension Deduction: £1,594.50
Take-Home Pay: £29,697.60 (77.89% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,551.20
Based on Mean Salary of £45,788:
- Salary Subject to Tax: £31,240.60
- Income Tax Owed: £6,248.12
- National Insurance: £2,657.44
- Employee Pension Deduction: £1,977.40
Take-Home Pay: £34,905.04 (76.23% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,163.84
How Expensive Is It To Employ Someone In Basingstoke and Deane?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Basingstoke and Deane it works out to:
- Salary: £38,130
- Employer National Insurance: £4,969.50
- Employer Pension Contribution: £956.70
Total Cost To An Employer: £44,056.20 per year
Based on the mean pay in Basingstoke and Deane it works out to:
- Salary: £45,788
- Employer National Insurance: £6,118.20
- Employer Pension Contribution: £1,186.44
Total Cost To An Employer: £53,092.64 per year
Income Tax And National Insurance Paid By Workers In Basingstoke and Deane
Finally, how much income tax and national insurance do people in Basingstoke and Deane 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 Basingstoke and Deane paid income tax and national insurance based on the median salary of £38,130 the combined income tax and national insurance (employer and employee) paid would be £968,206,800.
If all workers in Basingstoke and Deane paid income tax and national insurance based on the mean salary of £45,788 the combined income tax and national insurance (employer and employee) paid would be £1,231,948,320.
Basingstoke and Deane Tax Calculator
More Salary Data By City
All the data presented here comes from the Office of National Statistics.