The median annual salary in Hackney is currently £39,321 and the mean (average) is £50,357 before tax.
The median salary means half of all employees in Hackney earn more than £39,321 and half earn less.
The mean (average) salary number of £50,357 is calculated by taking all the salaries in Hackney adding them up and then dividing by the total number of jobs (currently 86,000 which is 0.37% of all UK jobs).
Over the past 12 months the Hackney median salary of £39,321 has increased by 13.70% which places it 24.43% Above the median salary of the UK as a whole.
The mean salary of £50,357 has increased 5.20% during the same time period and now standards at 31.74% Above the mean salary of the UK.
Income (Before Tax) By Decile In Hackney
Top 10%: x (and above)
Top 20% £63,595
Top 25% £57,856
Top 30% £51,452
Top 40% £45,413
Bottom 40% £31,991
Bottom 30% £25,531
Bottom 25% £21,448
Bottom 20% £25,531
Bottom 10% £8,670 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Hackney
The median salary of £39,321 works out to:
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- £3,276.75 per month
- £762.50 per week
- £20.80 per hour
The mean salary of £50,357 works out to:
- £4,196.42 per month
- £893.10 per week
- £27.23 per hour
Men vs Women Salary Differences (Before Tax) In Hackney
Of the 86,000 jobs in Hackney, 41,000 (47.67%) were held by men and 45,000 (52.33%) were held by women.
The median salary for men was £44,614 vs £33,416 for women.
The mean salary for men was £60,620 vs £40,875 for women.
This means men in Hackney are paid 33.51% more based on median salaries or 48.31% 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 Hackney
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 £39,321:
- Salary Subject to Tax: £25,096.95
- Income Tax Owed: £5,019.39
- National Insurance: £2,140.08
- Employee Pension Deduction: £1,654.05
Take-Home Pay: £30,507.48 (77.59% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,646.48
Based on Mean Salary of £50,357:
- Salary Subject to Tax: £35,585.50
- Income Tax Owed: £7,117.10
- National Insurance: £3,017.74
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £38,020.66 (75.50% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Hackney?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Hackney it works out to:
- Salary: £39,321
- Employer National Insurance: £5,148.15
- Employer Pension Contribution: £992.43
Total Cost To An Employer: £45,461.58 per year
Based on the mean pay in Hackney it works out to:
- Salary: £50,357
- Employer National Insurance: £6,803.55
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £58,481.45 per year
Income Tax And National Insurance Paid By Workers In Hackney
Finally, how much income tax and national insurance do people in Hackney 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 Hackney paid income tax and national insurance based on the median salary of £39,321 the combined income tax and national insurance (employer and employee) paid would be £1,058,455,320.
If all workers in Hackney paid income tax and national insurance based on the mean salary of £50,357 the combined income tax and national insurance (employer and employee) paid would be £1,456,701,540.
Hackney Tax Calculator
More Salary Data By City
- Hammersmith and Fulham
- Haringey
- Islington
- Kensington and Chelsea
- Lambeth
- Lewisham
- Newham
- Southwark
- Tower Hamlets
- Wandsworth
All the data presented here comes from the Office of National Statistics.