The median annual salary in Monmouthshire is currently £33,398 and the mean (average) is £40,611 before tax.
The median salary means half of all employees in Monmouthshire earn more than £33,398 and half earn less.
The mean (average) salary number of £40,611 is calculated by taking all the salaries in Monmouthshire 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 Monmouthshire median salary of £33,398 has increased by 6.40% which places it 5.68% Above the median salary of the UK as a whole.
The mean salary of £40,611 has increased 13.70% during the same time period and now standards at 6.24% Above the mean salary of the UK.
Income (Before Tax) By Decile In Monmouthshire
Top 10%: x (and above)
Top 20% x
Top 25% £49,476
Top 30% £45,885
Top 40% £37,980
Bottom 40% £29,097
Bottom 30% £23,920
Bottom 25% £21,788
Bottom 20% £23,920
Bottom 10% £9,654 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Monmouthshire
The median salary of £33,398 works out to:
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- £2,783.17 per month
- £672.40 per week
- £17.97 per hour
The mean salary of £40,611 works out to:
- £3,384.25 per month
- £786.00 per week
- £23.75 per hour
Men vs Women Salary Differences (Before Tax) In Monmouthshire
Of the 34,000 jobs in Monmouthshire, 18,000 (52.94%) were held by men and 16,000 (47.06%) were held by women.
The median salary for men was £38,002 vs £24,372 for women.
The mean salary for men was £47,912 vs £32,292 for women.
This means men in Monmouthshire are paid 55.92% more based on median salaries or 48.37% 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 Monmouthshire
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 £33,398:
- Salary Subject to Tax: £19,470.10
- Income Tax Owed: £3,894.02
- National Insurance: £1,666.24
- Employee Pension Deduction: £1,357.90
Take-Home Pay: £26,479.84 (79.29% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,172.64
Based on Mean Salary of £40,611:
- Salary Subject to Tax: £26,322.45
- Income Tax Owed: £5,264.49
- National Insurance: £2,243.28
- Employee Pension Deduction: £1,718.55
Take-Home Pay: £31,384.68 (77.28% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,749.68
How Expensive Is It To Employ Someone In Monmouthshire?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Monmouthshire it works out to:
- Salary: £33,398
- Employer National Insurance: £4,259.70
- Employer Pension Contribution: £814.74
Total Cost To An Employer: £38,472.44 per year
Based on the mean pay in Monmouthshire it works out to:
- Salary: £40,611
- Employer National Insurance: £5,341.65
- Employer Pension Contribution: £1,031.13
Total Cost To An Employer: £46,983.78 per year
Income Tax And National Insurance Paid By Workers In Monmouthshire
Finally, how much income tax and national insurance do people in Monmouthshire 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 Monmouthshire paid income tax and national insurance based on the median salary of £33,398 the combined income tax and national insurance (employer and employee) paid would be £333,878,640.
If all workers in Monmouthshire paid income tax and national insurance based on the mean salary of £40,611 the combined income tax and national insurance (employer and employee) paid would be £436,880,280.
Monmouthshire Tax Calculator
More Salary Data By City
All the data presented here comes from the Office of National Statistics.