The median annual salary in Stockport is currently £31,188 and the mean (average) is £37,248 before tax.
The median salary means half of all employees in Stockport earn more than £31,188 and half earn less.
The mean (average) salary number of £37,248 is calculated by taking all the salaries in Stockport adding them up and then dividing by the total number of jobs (currently 103,000 which is 0.44% of all UK jobs).
Over the past 12 months the Stockport median salary of £31,188 has increased by 2.80% which places it 1.31% Below the median salary of the UK as a whole.
The mean salary of £37,248 has increased 5.80% during the same time period and now standards at 2.55% Below the mean salary of the UK.
Income (Before Tax) By Decile In Stockport
Top 10%: x (and above)
Top 20% £51,592
Top 25% £46,500
Top 30% £43,421
Top 40% £36,328
Bottom 40% £26,802
Bottom 30% £23,565
Bottom 25% £20,804
Bottom 20% £23,565
Bottom 10% £11,116 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Stockport
The median salary of £31,188 works out to:
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- £2,599.00 per month
- £633.20 per week
- £18.35 per hour
The mean salary of £37,248 works out to:
- £3,104.00 per month
- £730.00 per week
- £22.36 per hour
Men vs Women Salary Differences (Before Tax) In Stockport
Of the 103,000 jobs in Stockport, 49,000 (47.57%) were held by men and 54,000 (52.43%) were held by women.
The median salary for men was £37,504 vs £26,560 for women.
The mean salary for men was £43,994 vs £31,145 for women.
This means men in Stockport are paid 41.20% more based on median salaries or 41.26% 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 Stockport
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 £31,188:
- Salary Subject to Tax: £17,370.60
- Income Tax Owed: £3,474.12
- National Insurance: £1,489.44
- Employee Pension Deduction: £1,247.40
Take-Home Pay: £24,977.04 (80.09% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,995.84
Based on Mean Salary of £37,248:
- Salary Subject to Tax: £23,127.60
- Income Tax Owed: £4,625.52
- National Insurance: £1,974.24
- Employee Pension Deduction: £1,550.40
Take-Home Pay: £29,097.84 (78.12% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,480.64
How Expensive Is It To Employ Someone In Stockport?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Stockport it works out to:
- Salary: £31,188
- Employer National Insurance: £3,928.20
- Employer Pension Contribution: £748.44
Total Cost To An Employer: £35,864.64 per year
Based on the mean pay in Stockport it works out to:
- Salary: £37,248
- Employer National Insurance: £4,837.20
- Employer Pension Contribution: £930.24
Total Cost To An Employer: £43,015.44 per year
Income Tax And National Insurance Paid By Workers In Stockport
Finally, how much income tax and national insurance do people in Stockport 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 Stockport paid income tax and national insurance based on the median salary of £31,188 the combined income tax and national insurance (employer and employee) paid would be £915,851,280.
If all workers in Stockport paid income tax and national insurance based on the mean salary of £37,248 the combined income tax and national insurance (employer and employee) paid would be £1,178,006,880.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.