The median annual salary in Fareham is currently £35,508 and the mean (average) is £42,489 before tax.
The median salary means half of all employees in Fareham earn more than £35,508 and half earn less.
The mean (average) salary number of £42,489 is calculated by taking all the salaries in Fareham adding them up and then dividing by the total number of jobs (currently 45,000 which is 0.19% of all UK jobs).
Over the past 12 months the Fareham median salary of £35,508 has increased by 0.00% which places it 12.36% Above the median salary of the UK as a whole.
The mean salary of £42,489 has increased 12.10% during the same time period and now standards at 11.16% Above the mean salary of the UK.
Income (Before Tax) By Decile In Fareham
Top 10%: x (and above)
Top 20% x
Top 25% £54,583
Top 30% £49,885
Top 40% £40,661
Bottom 40% £30,977
Bottom 30% £26,008
Bottom 25% £23,679
Bottom 20% £26,008
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Fareham
The median salary of £35,508 works out to:
- Give your requirements
- Receive quotes to compare
- Choose a provider or walk away - your choice!
- £2,959.00 per month
- £665.80 per week
- £19.00 per hour
The mean salary of £42,489 works out to:
- £3,540.75 per month
- £777.30 per week
- £24.17 per hour
Men vs Women Salary Differences (Before Tax) In Fareham
Of the 45,000 jobs in Fareham, 22,000 (48.89%) were held by men and 23,000 (51.11%) were held by women.
The median salary for men was £45,110 vs £28,219 for women.
The mean salary for men was £50,836 vs £34,371 for women.
This means men in Fareham are paid 59.86% more based on median salaries or 47.90% more based on mean salaries than women.
- Takes 2 minutes
- Receive quotes to compare
- Easy and no commitment
(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 Fareham
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 £35,508:
- Salary Subject to Tax: £21,474.60
- Income Tax Owed: £4,294.92
- National Insurance: £1,835.04
- Employee Pension Deduction: £1,463.40
Take-Home Pay: £27,914.64 (78.62% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,341.44
Based on Mean Salary of £42,489:
- Salary Subject to Tax: £28,106.55
- Income Tax Owed: £5,621.31
- National Insurance: £2,393.52
- Employee Pension Deduction: £1,812.45
Take-Home Pay: £32,661.72 (76.87% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,899.92
How Expensive Is It To Employ Someone In Fareham?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Fareham it works out to:
- Salary: £35,508
- Employer National Insurance: £4,576.20
- Employer Pension Contribution: £878.04
Total Cost To An Employer: £40,962.24 per year
Based on the mean pay in Fareham it works out to:
- Salary: £42,489
- Employer National Insurance: £5,623.35
- Employer Pension Contribution: £1,087.47
Total Cost To An Employer: £49,199.82 per year
Income Tax And National Insurance Paid By Workers In Fareham
Finally, how much income tax and national insurance do people in Fareham 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 Fareham paid income tax and national insurance based on the median salary of £35,508 the combined income tax and national insurance (employer and employee) paid would be £481,777,200.
If all workers in Fareham paid income tax and national insurance based on the mean salary of £42,489 the combined income tax and national insurance (employer and employee) paid would be £613,718,100.
Fareham Tax Calculator
More Salary Data By City
All the data presented here comes from the Office of National Statistics.