The median annual salary in Oldham is currently £29,548 and the mean (average) is £33,236 before tax.
The median salary means half of all employees in Oldham earn more than £29,548 and half earn less.
The mean (average) salary number of £33,236 is calculated by taking all the salaries in Oldham adding them up and then dividing by the total number of jobs (currently 74,000 which is 0.32% of all UK jobs).
Over the past 12 months the Oldham median salary of £29,548 has increased by 0.00% which places it 6.50% Below the median salary of the UK as a whole.
The mean salary of £33,236 has increased 13.40% during the same time period and now standards at 13.05% Below the mean salary of the UK.
Income (Before Tax) By Decile In Oldham
Top 10%: x (and above)
Top 20% £43,130
Top 25% £39,219
Top 30% £37,228
Top 40% £33,106
Bottom 40% £26,237
Bottom 30% £22,458
Bottom 25% £20,298
Bottom 20% £22,458
Bottom 10% £11,111 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Oldham
The median salary of £29,548 works out to:
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- £2,462.33 per month
- £579.30 per week
- £16.39 per hour
The mean salary of £33,236 works out to:
- £2,769.67 per month
- £644.00 per week
- £19.12 per hour
Men vs Women Salary Differences (Before Tax) In Oldham
Of the 74,000 jobs in Oldham, 36,000 (48.65%) were held by men and 39,000 (52.70%) were held by women.
The median salary for men was £32,727 vs £25,773 for women.
The mean salary for men was £37,897 vs £28,979 for women.
This means men in Oldham are paid 26.98% more based on median salaries or 30.77% 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 Oldham
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 £29,548:
- Salary Subject to Tax: £15,812.60
- Income Tax Owed: £3,162.52
- National Insurance: £1,358.24
- Employee Pension Deduction: £1,165.40
Take-Home Pay: £23,861.84 (80.76% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,864.64
Based on Mean Salary of £33,236:
- Salary Subject to Tax: £19,316.20
- Income Tax Owed: £3,863.24
- National Insurance: £1,653.28
- Employee Pension Deduction: £1,349.80
Take-Home Pay: £26,369.68 (79.34% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,159.68
How Expensive Is It To Employ Someone In Oldham?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Oldham it works out to:
- Salary: £29,548
- Employer National Insurance: £3,682.20
- Employer Pension Contribution: £699.24
Total Cost To An Employer: £33,929.44 per year
Based on the mean pay in Oldham it works out to:
- Salary: £33,236
- Employer National Insurance: £4,235.40
- Employer Pension Contribution: £809.88
Total Cost To An Employer: £38,281.28 per year
Income Tax And National Insurance Paid By Workers In Oldham
Finally, how much income tax and national insurance do people in Oldham 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 Oldham paid income tax and national insurance based on the median salary of £29,548 the combined income tax and national insurance (employer and employee) paid would be £607,019,040.
If all workers in Oldham paid income tax and national insurance based on the mean salary of £33,236 the combined income tax and national insurance (employer and employee) paid would be £721,642,080.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.