The median annual salary in Greenwich is currently £39,812 and the mean (average) is £47,861 before tax.
The median salary means half of all employees in Greenwich earn more than £39,812 and half earn less.
The mean (average) salary number of £47,861 is calculated by taking all the salaries in Greenwich adding them up and then dividing by the total number of jobs (currently 89,000 which is 0.38% of all UK jobs).
Over the past 12 months the Greenwich median salary of £39,812 has increased by 7.20% which places it 25.98% Above the median salary of the UK as a whole.
The mean salary of £47,861 has increased 4.50% during the same time period and now standards at 25.21% Above the mean salary of the UK.
Income (Before Tax) By Decile In Greenwich
Top 10%: x (and above)
Top 20% £63,102
Top 25% £59,229
Top 30% £53,463
Top 40% £46,059
Bottom 40% £34,189
Bottom 30% £28,270
Bottom 25% £25,428
Bottom 20% £28,270
Bottom 10% £14,498 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Greenwich
The median salary of £39,812 works out to:
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- £3,317.67 per month
- £749.60 per week
- £20.03 per hour
The mean salary of £47,861 works out to:
- £3,988.42 per month
- £886.50 per week
- £25.54 per hour
Men vs Women Salary Differences (Before Tax) In Greenwich
Of the 89,000 jobs in Greenwich, 45,000 (50.56%) were held by men and 44,000 (49.44%) were held by women.
The median salary for men was £44,885 vs £34,510 for women.
The mean salary for men was £53,721 vs £41,940 for women.
This means men in Greenwich are paid 30.06% more based on median salaries or 28.09% 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 Greenwich
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 £39,812:
- Salary Subject to Tax: £25,563.40
- Income Tax Owed: £5,112.68
- National Insurance: £2,179.36
- Employee Pension Deduction: £1,678.60
Take-Home Pay: £30,841.36 (77.47% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,685.76
Based on Mean Salary of £47,861:
- Salary Subject to Tax: £33,209.95
- Income Tax Owed: £6,641.99
- National Insurance: £2,823.28
- Employee Pension Deduction: £2,081.05
Take-Home Pay: £36,314.68 (75.88% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,329.68
How Expensive Is It To Employ Someone In Greenwich?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Greenwich it works out to:
- Salary: £39,812
- Employer National Insurance: £5,221.80
- Employer Pension Contribution: £1,007.16
Total Cost To An Employer: £46,040.96 per year
Based on the mean pay in Greenwich it works out to:
- Salary: £47,861
- Employer National Insurance: £6,429.15
- Employer Pension Contribution: £1,248.63
Total Cost To An Employer: £55,538.78 per year
Income Tax And National Insurance Paid By Workers In Greenwich
Finally, how much income tax and national insurance do people in Greenwich 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 Greenwich paid income tax and national insurance based on the median salary of £39,812 the combined income tax and national insurance (employer and employee) paid would be £1,113,731,760.
If all workers in Greenwich paid income tax and national insurance based on the mean salary of £47,861 the combined income tax and national insurance (employer and employee) paid would be £1,414,603,380.
Greenwich Tax Calculator
More Salary Data By City
- Harrow
- Havering
- Hillingdon
- Hounslow
- Kingston upon Thames
- Merton
- Redbridge
- Richmond upon Thames
- Sutton
- Waltham Forest
All the data presented here comes from the Office of National Statistics.