The median annual salary in Lambeth is currently £42,815 and the mean (average) is £55,846 before tax.
The median salary means half of all employees in Lambeth earn more than £42,815 and half earn less.
The mean (average) salary number of £55,846 is calculated by taking all the salaries in Lambeth adding them up and then dividing by the total number of jobs (currently 104,000 which is 0.44% of all UK jobs).
Over the past 12 months the Lambeth median salary of £42,815 has increased by 5.30% which places it 35.48% Above the median salary of the UK as a whole.
The mean salary of £55,846 has increased -3.90% during the same time period and now standards at 46.10% Above the mean salary of the UK.
Income (Before Tax) By Decile In Lambeth
Top 10%: x (and above)
Top 20% £63,770
Top 25% £59,489
Top 30% £55,071
Top 40% £50,209
Bottom 40% £37,768
Bottom 30% £33,042
Bottom 25% £30,074
Bottom 20% £33,042
Bottom 10% £14,642 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Lambeth
The median salary of £42,815 works out to:
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- £3,567.92 per month
- £797.40 per week
- £22.31 per hour
The mean salary of £55,846 works out to:
- £4,653.83 per month
- £947.30 per week
- £27.18 per hour
Men vs Women Salary Differences (Before Tax) In Lambeth
Of the 104,000 jobs in Lambeth, 50,000 (48.08%) were held by men and 55,000 (52.88%) were held by women.
The median salary for men was £49,683 vs £40,000 for women.
The mean salary for men was £69,730 vs £43,147 for women.
This means men in Lambeth are paid 24.21% more based on median salaries or 61.61% 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 Lambeth
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 £42,815:
- Salary Subject to Tax: £28,416.25
- Income Tax Owed: £5,683.25
- National Insurance: £2,419.60
- Employee Pension Deduction: £1,828.75
Take-Home Pay: £32,883.40 (76.80% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,926.00
Based on Mean Salary of £55,846:
- Salary Subject to Tax: £41,074.50
- Income Tax Owed: £8,889.80
- National Insurance: £3,127.52
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £41,627.18 (74.54% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Lambeth?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Lambeth it works out to:
- Salary: £42,815
- Employer National Insurance: £5,672.25
- Employer Pension Contribution: £1,097.25
Total Cost To An Employer: £49,584.50 per year
Based on the mean pay in Lambeth it works out to:
- Salary: £55,846
- Employer National Insurance: £7,626.90
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £64,793.80 per year
Income Tax And National Insurance Paid By Workers In Lambeth
Finally, how much income tax and national insurance do people in Lambeth 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 Lambeth paid income tax and national insurance based on the median salary of £42,815 the combined income tax and national insurance (employer and employee) paid would be £1,432,610,400.
If all workers in Lambeth paid income tax and national insurance based on the mean salary of £55,846 the combined income tax and national insurance (employer and employee) paid would be £2,042,998,880.
Lambeth Tax Calculator
More Salary Data By City
- Lewisham
- Newham
- Southwark
- Tower Hamlets
- Wandsworth
- Westminster
- Barking and Dagenham
- Barnet
- Bexley
- Brent
All the data presented here comes from the Office of National Statistics.