The median annual salary in Charnwood is currently £33,016 and the mean (average) is £34,899 before tax.
The median salary means half of all employees in Charnwood earn more than £33,016 and half earn less.
The mean (average) salary number of £34,899 is calculated by taking all the salaries in Charnwood adding them up and then dividing by the total number of jobs (currently 63,000 which is 0.27% of all UK jobs).
Over the past 12 months the Charnwood median salary of £33,016 has increased by 5.70% which places it 4.47% Above the median salary of the UK as a whole.
The mean salary of £34,899 has increased 0.00% during the same time period and now standards at 8.70% Below the mean salary of the UK.
Income (Before Tax) By Decile In Charnwood
Top 10%: x (and above)
Top 20% £47,762
Top 25% £44,408
Top 30% £42,328
Top 40% £36,710
Bottom 40% £28,064
Bottom 30% £22,734
Bottom 25% £20,123
Bottom 20% £22,734
Bottom 10% £11,346 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Charnwood
The median salary of £33,016 works out to:
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- £2,751.33 per month
- £611.20 per week
- £17.08 per hour
The mean salary of £34,899 works out to:
- £2,908.25 per month
- £647.50 per week
- £19.51 per hour
Men vs Women Salary Differences (Before Tax) In Charnwood
Of the 63,000 jobs in Charnwood, 31,000 (49.21%) were held by men and 32,000 (50.79%) were held by women.
The median salary for men was £39,348 vs £25,095 for women.
The mean salary for men was £42,591 vs £27,476 for women.
This means men in Charnwood are paid 56.80% more based on median salaries or 55.01% 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 Charnwood
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 £33,016:
- Salary Subject to Tax: £19,107.20
- Income Tax Owed: £3,821.44
- National Insurance: £1,635.68
- Employee Pension Deduction: £1,338.80
Take-Home Pay: £26,220.08 (79.42% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,142.08
Based on Mean Salary of £34,899:
- Salary Subject to Tax: £20,896.05
- Income Tax Owed: £4,179.21
- National Insurance: £1,786.32
- Employee Pension Deduction: £1,432.95
Take-Home Pay: £27,500.52 (78.80% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,292.72
How Expensive Is It To Employ Someone In Charnwood?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Charnwood it works out to:
- Salary: £33,016
- Employer National Insurance: £4,202.40
- Employer Pension Contribution: £803.28
Total Cost To An Employer: £38,021.68 per year
Based on the mean pay in Charnwood it works out to:
- Salary: £34,899
- Employer National Insurance: £4,484.85
- Employer Pension Contribution: £859.77
Total Cost To An Employer: £40,243.62 per year
Income Tax And National Insurance Paid By Workers In Charnwood
Finally, how much income tax and national insurance do people in Charnwood 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 Charnwood paid income tax and national insurance based on the median salary of £33,016 the combined income tax and national insurance (employer and employee) paid would be £608,549,760.
If all workers in Charnwood paid income tax and national insurance based on the mean salary of £34,899 the combined income tax and national insurance (employer and employee) paid would be £658,373,940.
Charnwood Tax Calculator
More Salary Data By City
- Harborough
- Hinckley and Bosworth
- Melton
- North West Leicestershire
- Oadby and Wigston
- Lincolnshire
- Boston
- East Lindsey
- Lincoln
- North Kesteven
All the data presented here comes from the Office of National Statistics.