The median annual salary in High Peak is currently £29,811 and the mean (average) is £35,418 before tax.
The median salary means half of all employees in High Peak earn more than £29,811 and half earn less.
The mean (average) salary number of £35,418 is calculated by taking all the salaries in High Peak adding them up and then dividing by the total number of jobs (currently 34,000 which is 0.15% of all UK jobs).
Over the past 12 months the High Peak median salary of £29,811 has increased by -2.00% which places it 5.67% Below the median salary of the UK as a whole.
The mean salary of £35,418 has increased -0.10% during the same time period and now standards at 7.34% Below the mean salary of the UK.
Income (Before Tax) By Decile In High Peak
Top 10%: x (and above)
Top 20% x
Top 25% £41,185
Top 30% £39,019
Top 40% £34,080
Bottom 40% £25,244
Bottom 30% £22,190
Bottom 25% £20,634
Bottom 20% £22,190
Bottom 10% £11,451 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In High Peak
The median salary of £29,811 works out to:
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- £2,484.25 per month
- £589.70 per week
- £16.86 per hour
The mean salary of £35,418 works out to:
- £2,951.50 per month
- £668.10 per week
- £20.38 per hour
Men vs Women Salary Differences (Before Tax) In High Peak
Of the 34,000 jobs in High Peak, 17,000 (50.00%) were held by men and 17,000 (50.00%) were held by women.
The median salary for men was £34,991 vs £24,056 for women.
The mean salary for men was £44,102 vs £26,878 for women.
This means men in High Peak are paid 45.46% more based on median salaries or 64.08% 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 High Peak
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 £29,811:
- Salary Subject to Tax: £16,062.45
- Income Tax Owed: £3,212.49
- National Insurance: £1,379.28
- Employee Pension Deduction: £1,178.55
Take-Home Pay: £24,040.68 (80.64% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,885.68
Based on Mean Salary of £35,418:
- Salary Subject to Tax: £21,389.10
- Income Tax Owed: £4,277.82
- National Insurance: £1,827.84
- Employee Pension Deduction: £1,458.90
Take-Home Pay: £27,853.44 (78.64% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,334.24
How Expensive Is It To Employ Someone In High Peak?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in High Peak it works out to:
- Salary: £29,811
- Employer National Insurance: £3,721.65
- Employer Pension Contribution: £707.13
Total Cost To An Employer: £34,239.78 per year
Based on the mean pay in High Peak it works out to:
- Salary: £35,418
- Employer National Insurance: £4,562.70
- Employer Pension Contribution: £875.34
Total Cost To An Employer: £40,856.04 per year
Income Tax And National Insurance Paid By Workers In High Peak
Finally, how much income tax and national insurance do people in High Peak 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 High Peak paid income tax and national insurance based on the median salary of £29,811 the combined income tax and national insurance (employer and employee) paid would be £282,656,280.
If all workers in High Peak paid income tax and national insurance based on the mean salary of £35,418 the combined income tax and national insurance (employer and employee) paid would be £362,724,240.
High Peak Tax Calculator
More Salary Data By City
- North East Derbyshire
- South Derbyshire
- Leicestershire
- Blaby
- Charnwood
- Harborough
- Hinckley and Bosworth
- Melton
- North West Leicestershire
- Oadby and Wigston
All the data presented here comes from the Office of National Statistics.