The median annual salary in Reading is currently £32,667 and the mean (average) is £40,712 before tax.
The median salary means half of all employees in Reading earn more than £32,667 and half earn less.
The mean (average) salary number of £40,712 is calculated by taking all the salaries in Reading adding them up and then dividing by the total number of jobs (currently 69,000 which is 0.30% of all UK jobs).
Over the past 12 months the Reading median salary of £32,667 has increased by 9.20% which places it 3.37% Above the median salary of the UK as a whole.
The mean salary of £40,712 has increased 7.30% during the same time period and now standards at 6.51% Above the mean salary of the UK.
Income (Before Tax) By Decile In Reading
Top 10%: x (and above)
Top 20% £59,920
Top 25% £54,050
Top 30% £50,118
Top 40% £40,364
Bottom 40% £27,608
Bottom 30% £23,282
Bottom 25% £20,538
Bottom 20% £23,282
Bottom 10% £10,161 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Reading
The median salary of £32,667 works out to:
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- £2,722.25 per month
- £627.40 per week
- £17.25 per hour
The mean salary of £40,712 works out to:
- £3,392.67 per month
- £781.90 per week
- £23.38 per hour
Men vs Women Salary Differences (Before Tax) In Reading
Of the 69,000 jobs in Reading, 40,000 (57.97%) were held by men and 30,000 (43.48%) were held by women.
The median salary for men was £43,115 vs £24,241 for women.
The mean salary for men was £49,118 vs £29,449 for women.
This means men in Reading are paid 77.86% more based on median salaries or 66.79% 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 Reading
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 £32,667:
- Salary Subject to Tax: £18,775.65
- Income Tax Owed: £3,755.13
- National Insurance: £1,607.76
- Employee Pension Deduction: £1,321.35
Take-Home Pay: £25,982.76 (79.54% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,114.16
Based on Mean Salary of £40,712:
- Salary Subject to Tax: £26,418.40
- Income Tax Owed: £5,283.68
- National Insurance: £2,251.36
- Employee Pension Deduction: £1,723.60
Take-Home Pay: £31,453.36 (77.26% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,757.76
How Expensive Is It To Employ Someone In Reading?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Reading it works out to:
- Salary: £32,667
- Employer National Insurance: £4,150.05
- Employer Pension Contribution: £792.81
Total Cost To An Employer: £37,609.86 per year
Based on the mean pay in Reading it works out to:
- Salary: £40,712
- Employer National Insurance: £5,356.80
- Employer Pension Contribution: £1,034.16
Total Cost To An Employer: £47,102.96 per year
Income Tax And National Insurance Paid By Workers In Reading
Finally, how much income tax and national insurance do people in Reading 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 Reading paid income tax and national insurance based on the median salary of £32,667 the combined income tax and national insurance (employer and employee) paid would be £656,392,860.
If all workers in Reading paid income tax and national insurance based on the mean salary of £40,712 the combined income tax and national insurance (employer and employee) paid would be £889,536,960.
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More Salary Data By City
- Slough
- Southampton
- West Berkshire
- Windsor and Maidenhead
- Wokingham
- East Sussex
- Eastbourne
- Hastings
- Lewes
- Rother
All the data presented here comes from the Office of National Statistics.