The median annual salary in Cheltenham is currently £35,054 and the mean (average) is £41,365 before tax.
The median salary means half of all employees in Cheltenham earn more than £35,054 and half earn less.
The mean (average) salary number of £41,365 is calculated by taking all the salaries in Cheltenham adding them up and then dividing by the total number of jobs (currently 42,000 which is 0.18% of all UK jobs).
Over the past 12 months the Cheltenham median salary of £35,054 has increased by 12.90% which places it 10.92% Above the median salary of the UK as a whole.
The mean salary of £41,365 has increased 13.20% during the same time period and now standards at 8.22% Above the mean salary of the UK.
Income (Before Tax) By Decile In Cheltenham
Top 10%: x (and above)
Top 20% £56,755
Top 25% £52,458
Top 30% £48,254
Top 40% £40,094
Bottom 40% £30,695
Bottom 30% £26,875
Bottom 25% £24,347
Bottom 20% £26,875
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Cheltenham
The median salary of £35,054 works out to:
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- £2,921.17 per month
- £638.60 per week
- £18.37 per hour
The mean salary of £41,365 works out to:
- £3,447.08 per month
- £732.80 per week
- £22.76 per hour
Men vs Women Salary Differences (Before Tax) In Cheltenham
Of the 42,000 jobs in Cheltenham, 23,000 (54.76%) were held by men and 20,000 (47.62%) were held by women.
The median salary for men was £40,427 vs £30,880 for women.
The mean salary for men was £48,541 vs £33,097 for women.
This means men in Cheltenham are paid 30.92% more based on median salaries or 46.66% 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 Cheltenham
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 £35,054:
- Salary Subject to Tax: £21,043.30
- Income Tax Owed: £4,208.66
- National Insurance: £1,798.72
- Employee Pension Deduction: £1,440.70
Take-Home Pay: £27,605.92 (78.75% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,305.12
Based on Mean Salary of £41,365:
- Salary Subject to Tax: £27,038.75
- Income Tax Owed: £5,407.75
- National Insurance: £2,303.60
- Employee Pension Deduction: £1,756.25
Take-Home Pay: £31,897.40 (77.11% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,810.00
How Expensive Is It To Employ Someone In Cheltenham?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Cheltenham it works out to:
- Salary: £35,054
- Employer National Insurance: £4,508.10
- Employer Pension Contribution: £864.42
Total Cost To An Employer: £40,426.52 per year
Based on the mean pay in Cheltenham it works out to:
- Salary: £41,365
- Employer National Insurance: £5,454.75
- Employer Pension Contribution: £1,053.75
Total Cost To An Employer: £47,873.50 per year
Income Tax And National Insurance Paid By Workers In Cheltenham
Finally, how much income tax and national insurance do people in Cheltenham 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 Cheltenham paid income tax and national insurance based on the median salary of £35,054 the combined income tax and national insurance (employer and employee) paid would be £441,650,160.
If all workers in Cheltenham paid income tax and national insurance based on the mean salary of £41,365 the combined income tax and national insurance (employer and employee) paid would be £552,976,200.
Cheltenham Tax Calculator
More Salary Data By City
All the data presented here comes from the Office of National Statistics.