The median annual salary in Cornwall is currently £27,854 and the mean (average) is £30,991 before tax.
The median salary means half of all employees in Cornwall earn more than £27,854 and half earn less.
The mean (average) salary number of £30,991 is calculated by taking all the salaries in Cornwall adding them up and then dividing by the total number of jobs (currently 173,000 which is 0.74% of all UK jobs).
Over the past 12 months the Cornwall median salary of £27,854 has increased by 4.80% which places it 11.86% Below the median salary of the UK as a whole.
The mean salary of £30,991 has increased 5.50% during the same time period and now standards at 18.92% Below the mean salary of the UK.
Income (Before Tax) By Decile In Cornwall
Top 10%: £51,972 (and above)
Top 20% £42,732
Top 25% £40,000
Top 30% £36,938
Top 40% £31,908
Bottom 40% £24,571
Bottom 30% £21,216
Bottom 25% £18,824
Bottom 20% £21,216
Bottom 10% £10,556 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Cornwall
The median salary of £27,854 works out to:
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- £2,321.17 per month
- £554.80 per week
- £15.23 per hour
The mean salary of £30,991 works out to:
- £2,582.58 per month
- £597.10 per week
- £18.19 per hour
Men vs Women Salary Differences (Before Tax) In Cornwall
Of the 173,000 jobs in Cornwall, 90,000 (52.02%) were held by men and 83,000 (47.98%) were held by women.
The median salary for men was £33,280 vs £23,315 for women.
The mean salary for men was £35,248 vs £26,420 for women.
This means men in Cornwall are paid 42.74% more based on median salaries or 33.41% 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 Cornwall
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 £27,854:
- Salary Subject to Tax: £14,203.30
- Income Tax Owed: £2,840.66
- National Insurance: £1,222.72
- Employee Pension Deduction: £1,080.70
Take-Home Pay: £22,709.92 (81.53% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,729.12
Based on Mean Salary of £30,991:
- Salary Subject to Tax: £17,183.45
- Income Tax Owed: £3,436.69
- National Insurance: £1,473.68
- Employee Pension Deduction: £1,237.55
Take-Home Pay: £24,843.08 (80.16% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,980.08
How Expensive Is It To Employ Someone In Cornwall?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Cornwall it works out to:
- Salary: £27,854
- Employer National Insurance: £3,428.10
- Employer Pension Contribution: £648.42
Total Cost To An Employer: £31,930.52 per year
Based on the mean pay in Cornwall it works out to:
- Salary: £30,991
- Employer National Insurance: £3,898.65
- Employer Pension Contribution: £742.53
Total Cost To An Employer: £35,632.18 per year
Income Tax And National Insurance Paid By Workers In Cornwall
Finally, how much income tax and national insurance do people in Cornwall 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 Cornwall paid income tax and national insurance based on the median salary of £27,854 the combined income tax and national insurance (employer and employee) paid would be £1,296,026,040.
If all workers in Cornwall paid income tax and national insurance based on the mean salary of £30,991 the combined income tax and national insurance (employer and employee) paid would be £1,523,960,460.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.