The median annual salary in Croydon is currently £38,020 and the mean (average) is £42,865 before tax.
The median salary means half of all employees in Croydon earn more than £38,020 and half earn less.
The mean (average) salary number of £42,865 is calculated by taking all the salaries in Croydon adding them up and then dividing by the total number of jobs (currently 144,000 which is 0.62% of all UK jobs).
Over the past 12 months the Croydon median salary of £38,020 has increased by 3.50% which places it 20.31% Above the median salary of the UK as a whole.
The mean salary of £42,865 has increased 2.50% during the same time period and now standards at 12.14% Above the mean salary of the UK.
Income (Before Tax) By Decile In Croydon
Top 10%: x (and above)
Top 20% £59,378
Top 25% £53,643
Top 30% £49,296
Top 40% £43,567
Bottom 40% £32,174
Bottom 30% £26,766
Bottom 25% £24,147
Bottom 20% £26,766
Bottom 10% £12,251 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Croydon
The median salary of £38,020 works out to:
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- £3,168.33 per month
- £721.30 per week
- £20.10 per hour
The mean salary of £42,865 works out to:
- £3,572.08 per month
- £804.30 per week
- £24.11 per hour
Men vs Women Salary Differences (Before Tax) In Croydon
Of the 144,000 jobs in Croydon, 66,000 (45.83%) were held by men and 79,000 (54.86%) were held by women.
The median salary for men was £42,644 vs £35,325 for women.
The mean salary for men was £48,605 vs £38,061 for women.
This means men in Croydon are paid 20.72% more based on median salaries or 27.70% 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 Croydon
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 £38,020:
- Salary Subject to Tax: £23,861.00
- Income Tax Owed: £4,772.20
- National Insurance: £2,036.00
- Employee Pension Deduction: £1,589.00
Take-Home Pay: £29,622.80 (77.91% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,542.40
Based on Mean Salary of £42,865:
- Salary Subject to Tax: £28,463.75
- Income Tax Owed: £5,692.75
- National Insurance: £2,423.60
- Employee Pension Deduction: £1,831.25
Take-Home Pay: £32,917.40 (76.79% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,930.00
How Expensive Is It To Employ Someone In Croydon?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Croydon it works out to:
- Salary: £38,020
- Employer National Insurance: £4,953.00
- Employer Pension Contribution: £953.40
Total Cost To An Employer: £43,926.40 per year
Based on the mean pay in Croydon it works out to:
- Salary: £42,865
- Employer National Insurance: £5,679.75
- Employer Pension Contribution: £1,098.75
Total Cost To An Employer: £49,643.50 per year
Income Tax And National Insurance Paid By Workers In Croydon
Finally, how much income tax and national insurance do people in Croydon 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 Croydon paid income tax and national insurance based on the median salary of £38,020 the combined income tax and national insurance (employer and employee) paid would be £1,693,612,800.
If all workers in Croydon paid income tax and national insurance based on the mean salary of £42,865 the combined income tax and national insurance (employer and employee) paid would be £1,986,638,400.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.