The median annual salary in Medway is currently £32,107 and the mean (average) is £37,071 before tax.
The median salary means half of all employees in Medway earn more than £32,107 and half earn less.
The mean (average) salary number of £37,071 is calculated by taking all the salaries in Medway 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 Medway median salary of £32,107 has increased by 7.30% which places it 1.60% Above the median salary of the UK as a whole.
The mean salary of £37,071 has increased 7.30% during the same time period and now standards at 3.02% Below the mean salary of the UK.
Income (Before Tax) By Decile In Medway
Top 10%: x (and above)
Top 20% £52,019
Top 25% £46,984
Top 30% £43,039
Top 40% £37,494
Bottom 40% £28,343
Bottom 30% £23,924
Bottom 25% £21,718
Bottom 20% £23,924
Bottom 10% £12,113 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Medway
The median salary of £32,107 works out to:
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- £2,675.58 per month
- £626.80 per week
- £17.52 per hour
The mean salary of £37,071 works out to:
- £3,089.25 per month
- £714.20 per week
- £20.91 per hour
Men vs Women Salary Differences (Before Tax) In Medway
Of the 104,000 jobs in Medway, 54,000 (51.92%) were held by men and 50,000 (48.08%) were held by women.
The median salary for men was £40,064 vs £26,061 for women.
The mean salary for men was £44,838 vs £28,739 for women.
This means men in Medway are paid 53.73% more based on median salaries or 56.02% 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 Medway
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 £32,107:
- Salary Subject to Tax: £18,243.65
- Income Tax Owed: £3,648.73
- National Insurance: £1,562.96
- Employee Pension Deduction: £1,293.35
Take-Home Pay: £25,601.96 (79.74% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,069.36
Based on Mean Salary of £37,071:
- Salary Subject to Tax: £22,959.45
- Income Tax Owed: £4,591.89
- National Insurance: £1,960.08
- Employee Pension Deduction: £1,541.55
Take-Home Pay: £28,977.48 (78.17% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,466.48
How Expensive Is It To Employ Someone In Medway?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Medway it works out to:
- Salary: £32,107
- Employer National Insurance: £4,066.05
- Employer Pension Contribution: £776.01
Total Cost To An Employer: £36,949.06 per year
Based on the mean pay in Medway it works out to:
- Salary: £37,071
- Employer National Insurance: £4,810.65
- Employer Pension Contribution: £924.93
Total Cost To An Employer: £42,806.58 per year
Income Tax And National Insurance Paid By Workers In Medway
Finally, how much income tax and national insurance do people in Medway 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 Medway paid income tax and national insurance based on the median salary of £32,107 the combined income tax and national insurance (employer and employee) paid would be £964,884,960.
If all workers in Medway paid income tax and national insurance based on the mean salary of £37,071 the combined income tax and national insurance (employer and employee) paid would be £1,181,712,480.
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More Salary Data By City
- Milton Keynes
- Portsmouth
- Reading
- Slough
- Southampton
- West Berkshire
- Windsor and Maidenhead
- Wokingham
- East Sussex
- Eastbourne
All the data presented here comes from the Office of National Statistics.