The median annual salary in Peterborough is currently £29,720 and the mean (average) is £34,447 before tax.
The median salary means half of all employees in Peterborough earn more than £29,720 and half earn less.
The mean (average) salary number of £34,447 is calculated by taking all the salaries in Peterborough adding them up and then dividing by the total number of jobs (currently 71,000 which is 0.30% of all UK jobs).
Over the past 12 months the Peterborough median salary of £29,720 has increased by 5.80% which places it 5.96% Below the median salary of the UK as a whole.
The mean salary of £34,447 has increased 4.00% during the same time period and now standards at 9.88% Below the mean salary of the UK.
Income (Before Tax) By Decile In Peterborough
Top 10%: x (and above)
Top 20% £47,422
Top 25% £42,062
Top 30% £39,828
Top 40% £34,173
Bottom 40% £25,908
Bottom 30% £22,269
Bottom 25% £20,371
Bottom 20% £22,269
Bottom 10% £12,003 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Peterborough
The median salary of £29,720 works out to:
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- £2,476.67 per month
- £575.60 per week
- £15.89 per hour
The mean salary of £34,447 works out to:
- £2,870.58 per month
- £667.90 per week
- £19.72 per hour
Men vs Women Salary Differences (Before Tax) In Peterborough
Of the 71,000 jobs in Peterborough, 36,000 (50.70%) were held by men and 35,000 (49.30%) were held by women.
The median salary for men was £35,851 vs £24,833 for women.
The mean salary for men was £41,505 vs £27,283 for women.
This means men in Peterborough are paid 44.37% more based on median salaries or 52.13% 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 Peterborough
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 £29,720:
- Salary Subject to Tax: £15,976.00
- Income Tax Owed: £3,195.20
- National Insurance: £1,372.00
- Employee Pension Deduction: £1,174.00
Take-Home Pay: £23,978.80 (80.68% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,878.40
Based on Mean Salary of £34,447:
- Salary Subject to Tax: £20,466.65
- Income Tax Owed: £4,093.33
- National Insurance: £1,750.16
- Employee Pension Deduction: £1,410.35
Take-Home Pay: £27,193.16 (78.94% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,256.56
How Expensive Is It To Employ Someone In Peterborough?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Peterborough it works out to:
- Salary: £29,720
- Employer National Insurance: £3,708.00
- Employer Pension Contribution: £704.40
Total Cost To An Employer: £34,132.40 per year
Based on the mean pay in Peterborough it works out to:
- Salary: £34,447
- Employer National Insurance: £4,417.05
- Employer Pension Contribution: £846.21
Total Cost To An Employer: £39,710.26 per year
Income Tax And National Insurance Paid By Workers In Peterborough
Finally, how much income tax and national insurance do people in Peterborough 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 Peterborough paid income tax and national insurance based on the median salary of £29,720 the combined income tax and national insurance (employer and employee) paid would be £587,539,200.
If all workers in Peterborough paid income tax and national insurance based on the mean salary of £34,447 the combined income tax and national insurance (employer and employee) paid would be £728,498,340.
Peterborough Tax Calculator
More Salary Data By City
- Southend-on-Sea
- Thurrock
- Cambridgeshire
- Cambridge
- East Cambridgeshire
- Fenland
- Huntingdonshire
- South Cambridgeshire
- Essex
- Basildon
All the data presented here comes from the Office of National Statistics.