The median annual salary in King’s Lynn and West Norfolk is currently £29,937 and the mean (average) is £32,203 before tax.
The median salary means half of all employees in King’s Lynn and West Norfolk earn more than £29,937 and half earn less.
The mean (average) salary number of £32,203 is calculated by taking all the salaries in King’s Lynn and West Norfolk adding them up and then dividing by the total number of jobs (currently 54,000 which is 0.23% of all UK jobs).
Over the past 12 months the King’s Lynn and West Norfolk median salary of £29,937 has increased by 14.20% which places it 5.27% Below the median salary of the UK as a whole.
The mean salary of £32,203 has increased 7.60% during the same time period and now standards at 15.75% Below the mean salary of the UK.
Income (Before Tax) By Decile In King’s Lynn and West Norfolk
Top 10%: x (and above)
Top 20% £44,043
Top 25% £40,532
Top 30% £38,160
Top 40% £33,497
Bottom 40% £25,524
Bottom 30% £22,501
Bottom 25% £19,870
Bottom 20% £22,501
Bottom 10% £12,028 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In King’s Lynn and West Norfolk
The median salary of £29,937 works out to:
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- £2,494.75 per month
- £549.30 per week
- £15.00 per hour
The mean salary of £32,203 works out to:
- £2,683.58 per month
- £618.90 per week
- £18.38 per hour
Men vs Women Salary Differences (Before Tax) In King’s Lynn and West Norfolk
Of the 54,000 jobs in King’s Lynn and West Norfolk, 25,000 (46.30%) were held by men and 29,000 (53.70%) were held by women.
The median salary for men was £34,767 vs £24,731 for women.
The mean salary for men was £37,239 vs £27,802 for women.
This means men in King’s Lynn and West Norfolk are paid 40.58% more based on median salaries or 33.94% 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 King’s Lynn and West Norfolk
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 £29,937:
- Salary Subject to Tax: £16,182.15
- Income Tax Owed: £3,236.43
- National Insurance: £1,389.36
- Employee Pension Deduction: £1,184.85
Take-Home Pay: £24,126.36 (80.59% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,895.76
Based on Mean Salary of £32,203:
- Salary Subject to Tax: £18,334.85
- Income Tax Owed: £3,666.97
- National Insurance: £1,570.64
- Employee Pension Deduction: £1,298.15
Take-Home Pay: £25,667.24 (79.70% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,077.04
How Expensive Is It To Employ Someone In King’s Lynn and West Norfolk?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in King’s Lynn and West Norfolk it works out to:
- Salary: £29,937
- Employer National Insurance: £3,740.55
- Employer Pension Contribution: £710.91
Total Cost To An Employer: £34,388.46 per year
Based on the mean pay in King’s Lynn and West Norfolk it works out to:
- Salary: £32,203
- Employer National Insurance: £4,080.45
- Employer Pension Contribution: £778.89
Total Cost To An Employer: £37,062.34 per year
Income Tax And National Insurance Paid By Workers In King’s Lynn and West Norfolk
Finally, how much income tax and national insurance do people in King’s Lynn and West Norfolk 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 King’s Lynn and West Norfolk paid income tax and national insurance based on the median salary of £29,937 the combined income tax and national insurance (employer and employee) paid would be £451,782,360.
If all workers in King’s Lynn and West Norfolk paid income tax and national insurance based on the mean salary of £32,203 the combined income tax and national insurance (employer and employee) paid would be £503,175,240.
King’s Lynn and West Norfolk Tax Calculator
More Salary Data By City
- North Norfolk
- Norwich
- South Norfolk
- Suffolk
- Babergh
- Ipswich
- Mid Suffolk
- East Suffolk
- West Suffolk
- London
All the data presented here comes from the Office of National Statistics.