The median annual salary in Cotswold is currently £31,853 and the mean (average) is £39,488 before tax.
The median salary means half of all employees in Cotswold earn more than £31,853 and half earn less.
The mean (average) salary number of £39,488 is calculated by taking all the salaries in Cotswold adding them up and then dividing by the total number of jobs (currently 31,000 which is 0.13% of all UK jobs).
Over the past 12 months the Cotswold median salary of £31,853 has increased by 7.60% which places it 0.79% Above the median salary of the UK as a whole.
The mean salary of £39,488 has increased 9.50% during the same time period and now standards at 3.31% Above the mean salary of the UK.
Income (Before Tax) By Decile In Cotswold
Top 10%: x (and above)
Top 20% x
Top 25% £49,957
Top 30% £47,014
Top 40% £38,352
Bottom 40% £27,484
Bottom 30% £22,326
Bottom 25% £20,788
Bottom 20% £22,326
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Cotswold
The median salary of £31,853 works out to:
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- £2,654.42 per month
- £616.80 per week
- £17.11 per hour
The mean salary of £39,488 works out to:
- £3,290.67 per month
- £735.30 per week
- £22.89 per hour
Men vs Women Salary Differences (Before Tax) In Cotswold
Of the 31,000 jobs in Cotswold, 15,000 (48.39%) were held by men and 16,000 (51.61%) were held by women.
The median salary for men was £41,632 vs £26,674 for women.
The mean salary for men was £50,246 vs £29,663 for women.
This means men in Cotswold are paid 56.08% more based on median salaries or 69.39% 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 Cotswold
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 £31,853:
- Salary Subject to Tax: £18,002.35
- Income Tax Owed: £3,600.47
- National Insurance: £1,542.64
- Employee Pension Deduction: £1,280.65
Take-Home Pay: £25,429.24 (79.83% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,049.04
Based on Mean Salary of £39,488:
- Salary Subject to Tax: £25,255.60
- Income Tax Owed: £5,051.12
- National Insurance: £2,153.44
- Employee Pension Deduction: £1,662.40
Take-Home Pay: £30,621.04 (77.55% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,659.84
How Expensive Is It To Employ Someone In Cotswold?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Cotswold it works out to:
- Salary: £31,853
- Employer National Insurance: £4,027.95
- Employer Pension Contribution: £768.39
Total Cost To An Employer: £36,649.34 per year
Based on the mean pay in Cotswold it works out to:
- Salary: £39,488
- Employer National Insurance: £5,173.20
- Employer Pension Contribution: £997.44
Total Cost To An Employer: £45,658.64 per year
Income Tax And National Insurance Paid By Workers In Cotswold
Finally, how much income tax and national insurance do people in Cotswold 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 Cotswold paid income tax and national insurance based on the median salary of £31,853 the combined income tax and national insurance (employer and employee) paid would be £284,302,860.
If all workers in Cotswold paid income tax and national insurance based on the mean salary of £39,488 the combined income tax and national insurance (employer and employee) paid would be £383,710,560.
Cotswold Tax Calculator
More Salary Data By City
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- Denbighshire
All the data presented here comes from the Office of National Statistics.