The median annual salary in Redbridge is currently £37,139 and the mean (average) is £45,898 before tax.
The median salary means half of all employees in Redbridge earn more than £37,139 and half earn less.
The mean (average) salary number of £45,898 is calculated by taking all the salaries in Redbridge adding them up and then dividing by the total number of jobs (currently 88,000 which is 0.38% of all UK jobs).
Over the past 12 months the Redbridge median salary of £37,139 has increased by 6.80% which places it 17.52% Above the median salary of the UK as a whole.
The mean salary of £45,898 has increased 11.80% during the same time period and now standards at 20.08% Above the mean salary of the UK.
Income (Before Tax) By Decile In Redbridge
Top 10%: x (and above)
Top 20% £64,271
Top 25% £56,018
Top 30% £50,055
Top 40% £42,918
Bottom 40% £30,816
Bottom 30% £25,431
Bottom 25% £21,645
Bottom 20% £25,431
Bottom 10% £12,000 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Redbridge
The median salary of £37,139 works out to:
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- £3,094.92 per month
- £669.00 per week
- £18.82 per hour
The mean salary of £45,898 works out to:
- £3,824.83 per month
- £838.40 per week
- £25.95 per hour
Men vs Women Salary Differences (Before Tax) In Redbridge
Of the 88,000 jobs in Redbridge, 46,000 (52.27%) were held by men and 42,000 (47.73%) were held by women.
The median salary for men was £43,178 vs £30,320 for women.
The mean salary for men was £54,641 vs £36,158 for women.
This means men in Redbridge are paid 42.41% more based on median salaries or 51.12% 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 Redbridge
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 £37,139:
- Salary Subject to Tax: £23,024.05
- Income Tax Owed: £4,604.81
- National Insurance: £1,965.52
- Employee Pension Deduction: £1,544.95
Take-Home Pay: £29,023.72 (78.15% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,471.92
Based on Mean Salary of £45,898:
- Salary Subject to Tax: £31,345.10
- Income Tax Owed: £6,269.02
- National Insurance: £2,666.24
- Employee Pension Deduction: £1,982.90
Take-Home Pay: £34,979.84 (76.21% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,172.64
How Expensive Is It To Employ Someone In Redbridge?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Redbridge it works out to:
- Salary: £37,139
- Employer National Insurance: £4,820.85
- Employer Pension Contribution: £926.97
Total Cost To An Employer: £42,886.82 per year
Based on the mean pay in Redbridge it works out to:
- Salary: £45,898
- Employer National Insurance: £6,134.70
- Employer Pension Contribution: £1,189.74
Total Cost To An Employer: £53,222.44 per year
Income Tax And National Insurance Paid By Workers In Redbridge
Finally, how much income tax and national insurance do people in Redbridge 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 Redbridge paid income tax and national insurance based on the median salary of £37,139 the combined income tax and national insurance (employer and employee) paid would be £1,002,423,840.
If all workers in Redbridge paid income tax and national insurance based on the mean salary of £45,898 the combined income tax and national insurance (employer and employee) paid would be £1,326,156,480.
Redbridge Tax Calculator
More Salary Data By City
- Richmond upon Thames
- Sutton
- Waltham Forest
- South East England
- Bracknell Forest
- Brighton and Hove
- Buckinghamshire
- Isle of Wight
- Medway
- Milton Keynes
All the data presented here comes from the Office of National Statistics.