The median annual salary in Camden is currently £41,409 and the mean (average) is £63,155 before tax.
The median salary means half of all employees in Camden earn more than £41,409 and half earn less.
The mean (average) salary number of £63,155 is calculated by taking all the salaries in Camden adding them up and then dividing by the total number of jobs (currently 66,000 which is 0.28% of all UK jobs).
Over the past 12 months the Camden median salary of £41,409 has increased by 3.50% which places it 31.03% Above the median salary of the UK as a whole.
The mean salary of £63,155 has increased 16.20% during the same time period and now standards at 65.22% Above the mean salary of the UK.
Income (Before Tax) By Decile In Camden
Top 10%: x (and above)
Top 20% x
Top 25% £62,826
Top 30% £56,864
Top 40% £44,950
Bottom 40% £36,231
Bottom 30% £29,549
Bottom 25% £27,046
Bottom 20% £29,549
Bottom 10% £12,020 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Camden
The median salary of £41,409 works out to:
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- £3,450.75 per month
- £766.60 per week
- £21.78 per hour
The mean salary of £63,155 works out to:
- £5,262.92 per month
- £1,026.90 per week
- £30.99 per hour
Men vs Women Salary Differences (Before Tax) In Camden
Of the 66,000 jobs in Camden, 32,000 (48.48%) were held by men and 35,000 (53.03%) were held by women.
The median salary for men was £42,913 vs £40,000 for women.
The mean salary for men was £74,126 vs £53,027 for women.
This means men in Camden are paid 7.28% more based on median salaries or 39.79% 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 Camden
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 £41,409:
- Salary Subject to Tax: £27,080.55
- Income Tax Owed: £5,416.11
- National Insurance: £2,307.12
- Employee Pension Deduction: £1,758.45
Take-Home Pay: £31,927.32 (77.10% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,813.52
Based on Mean Salary of £63,155:
- Salary Subject to Tax: £48,383.50
- Income Tax Owed: £11,813.40
- National Insurance: £3,273.70
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £45,866.40 (72.63% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Camden?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Camden it works out to:
- Salary: £41,409
- Employer National Insurance: £5,461.35
- Employer Pension Contribution: £1,055.07
Total Cost To An Employer: £47,925.42 per year
Based on the mean pay in Camden it works out to:
- Salary: £63,155
- Employer National Insurance: £8,723.25
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £73,199.15 per year
Income Tax And National Insurance Paid By Workers In Camden
Finally, how much income tax and national insurance do people in Camden 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 Camden paid income tax and national insurance based on the median salary of £41,409 the combined income tax and national insurance (employer and employee) paid would be £870,182,280.
If all workers in Camden paid income tax and national insurance based on the mean salary of £63,155 the combined income tax and national insurance (employer and employee) paid would be £1,571,483,100.
Camden Tax Calculator
More Salary Data By City
- Hackney
- Hammersmith and Fulham
- Haringey
- Islington
- Kensington and Chelsea
- Lambeth
- Lewisham
- Newham
- Southwark
- Tower Hamlets
All the data presented here comes from the Office of National Statistics.