The median annual salary in Southwark is currently £39,410 and the mean (average) is £52,091 before tax.
The median salary means half of all employees in Southwark earn more than £39,410 and half earn less.
The mean (average) salary number of £52,091 is calculated by taking all the salaries in Southwark adding them up and then dividing by the total number of jobs (currently 114,000 which is 0.49% of all UK jobs).
Over the past 12 months the Southwark median salary of £39,410 has increased by 2.00% which places it 24.71% Above the median salary of the UK as a whole.
The mean salary of £52,091 has increased 1.60% during the same time period and now standards at 36.28% Above the mean salary of the UK.
Income (Before Tax) By Decile In Southwark
Top 10%: x (and above)
Top 20% £65,281
Top 25% £57,659
Top 30% £53,229
Top 40% £46,151
Bottom 40% £34,578
Bottom 30% £29,676
Bottom 25% £26,949
Bottom 20% £29,676
Bottom 10% £12,251 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Southwark
The median salary of £39,410 works out to:
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- £3,284.17 per month
- £788.60 per week
- £21.47 per hour
The mean salary of £52,091 works out to:
- £4,340.92 per month
- £922.60 per week
- £27.12 per hour
Men vs Women Salary Differences (Before Tax) In Southwark
Of the 114,000 jobs in Southwark, 51,000 (44.74%) were held by men and 63,000 (55.26%) were held by women.
The median salary for men was £42,660 vs £35,747 for women.
The mean salary for men was £64,481 vs £42,107 for women.
This means men in Southwark are paid 19.34% more based on median salaries or 53.14% 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 Southwark
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 £39,410:
- Salary Subject to Tax: £25,181.50
- Income Tax Owed: £5,036.30
- National Insurance: £2,147.20
- Employee Pension Deduction: £1,658.50
Take-Home Pay: £30,568.00 (77.56% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,653.60
Based on Mean Salary of £52,091:
- Salary Subject to Tax: £37,319.50
- Income Tax Owed: £7,463.90
- National Insurance: £3,052.42
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £39,373.18 (75.59% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Southwark?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Southwark it works out to:
- Salary: £39,410
- Employer National Insurance: £5,161.50
- Employer Pension Contribution: £995.10
Total Cost To An Employer: £45,566.60 per year
Based on the mean pay in Southwark it works out to:
- Salary: £52,091
- Employer National Insurance: £7,063.65
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £60,475.55 per year
Income Tax And National Insurance Paid By Workers In Southwark
Finally, how much income tax and national insurance do people in Southwark 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 Southwark paid income tax and national insurance based on the median salary of £39,410 the combined income tax and national insurance (employer and employee) paid would be £1,407,330,000.
If all workers in Southwark paid income tax and national insurance based on the mean salary of £52,091 the combined income tax and national insurance (employer and employee) paid would be £2,004,116,580.
Southwark Tax Calculator
More Salary Data By City
- Tower Hamlets
- Wandsworth
- Westminster
- Barking and Dagenham
- Barnet
- Bexley
- Brent
- Bromley
- Croydon
- Ealing
All the data presented here comes from the Office of National Statistics.