The median annual salary in Buckinghamshire is currently £35,472 and the mean (average) is £48,022 before tax.
The median salary means half of all employees in Buckinghamshire earn more than £35,472 and half earn less.
The mean (average) salary number of £48,022 is calculated by taking all the salaries in Buckinghamshire adding them up and then dividing by the total number of jobs (currently 199,000 which is 0.85% of all UK jobs).
Over the past 12 months the Buckinghamshire median salary of £35,472 has increased by 7.70% which places it 12.25% Above the median salary of the UK as a whole.
The mean salary of £48,022 has increased 2.60% during the same time period and now standards at 25.63% Above the mean salary of the UK.
Income (Before Tax) By Decile In Buckinghamshire
Top 10%: x (and above)
Top 20% £59,407
Top 25% £53,884
Top 30% £49,100
Top 40% £42,227
Bottom 40% £29,562
Bottom 30% £24,468
Bottom 25% £21,813
Bottom 20% £24,468
Bottom 10% £10,730 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Buckinghamshire
The median salary of £35,472 works out to:
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- £2,956.00 per month
- £679.00 per week
- £19.72 per hour
The mean salary of £48,022 works out to:
- £4,001.83 per month
- £821.30 per week
- £25.13 per hour
Men vs Women Salary Differences (Before Tax) In Buckinghamshire
Of the 199,000 jobs in Buckinghamshire, 92,000 (46.23%) were held by men and 107,000 (53.77%) were held by women.
The median salary for men was £44,427 vs £28,175 for women.
The mean salary for men was x vs £35,050 for women.
This means men in Buckinghamshire are paid 57.68% 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 Buckinghamshire
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 £35,472:
- Salary Subject to Tax: £21,440.40
- Income Tax Owed: £4,288.08
- National Insurance: £1,832.16
- Employee Pension Deduction: £1,461.60
Take-Home Pay: £27,890.16 (78.63% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,338.56
Based on Mean Salary of £48,022:
- Salary Subject to Tax: £33,362.90
- Income Tax Owed: £6,672.58
- National Insurance: £2,836.16
- Employee Pension Deduction: £2,089.10
Take-Home Pay: £36,424.16 (75.85% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,342.56
How Expensive Is It To Employ Someone In Buckinghamshire?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Buckinghamshire it works out to:
- Salary: £35,472
- Employer National Insurance: £4,570.80
- Employer Pension Contribution: £876.96
Total Cost To An Employer: £40,919.76 per year
Based on the mean pay in Buckinghamshire it works out to:
- Salary: £48,022
- Employer National Insurance: £6,453.30
- Employer Pension Contribution: £1,253.46
Total Cost To An Employer: £55,728.76 per year
Income Tax And National Insurance Paid By Workers In Buckinghamshire
Finally, how much income tax and national insurance do people in Buckinghamshire 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 Buckinghamshire paid income tax and national insurance based on the median salary of £35,472 the combined income tax and national insurance (employer and employee) paid would be £2,127,516,960.
If all workers in Buckinghamshire paid income tax and national insurance based on the mean salary of £48,022 the combined income tax and national insurance (employer and employee) paid would be £3,176,445,960.
Buckinghamshire Tax Calculator
More Salary Data By City
- Isle of Wight
- Medway
- Milton Keynes
- Portsmouth
- Reading
- Slough
- Southampton
- West Berkshire
- Windsor and Maidenhead
- Wokingham
All the data presented here comes from the Office of National Statistics.