The median annual salary in Test Valley is currently £32,234 and the mean (average) is £37,979 before tax.
The median salary means half of all employees in Test Valley earn more than £32,234 and half earn less.
The mean (average) salary number of £37,979 is calculated by taking all the salaries in Test Valley adding them up and then dividing by the total number of jobs (currently 59,000 which is 0.25% of all UK jobs).
Over the past 12 months the Test Valley median salary of £32,234 has increased by 1.50% which places it 2.00% Above the median salary of the UK as a whole.
The mean salary of £37,979 has increased 4.10% during the same time period and now standards at 0.64% Below the mean salary of the UK.
Income (Before Tax) By Decile In Test Valley
Top 10%: x (and above)
Top 20% £49,730
Top 25% £46,849
Top 30% £43,637
Top 40% £38,441
Bottom 40% £29,246
Bottom 30% £26,165
Bottom 25% £24,503
Bottom 20% £26,165
Bottom 10% £11,535 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Test Valley
The median salary of £32,234 works out to:
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- £2,686.17 per month
- £651.50 per week
- £17.96 per hour
The mean salary of £37,979 works out to:
- £3,164.92 per month
- £743.90 per week
- £22.27 per hour
Men vs Women Salary Differences (Before Tax) In Test Valley
Of the 59,000 jobs in Test Valley, 31,000 (52.54%) were held by men and 28,000 (47.46%) were held by women.
The median salary for men was £38,450 vs £29,314 for women.
The mean salary for men was £44,076 vs £31,381 for women.
This means men in Test Valley are paid 31.17% more based on median salaries or 40.45% 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 Test Valley
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 £32,234:
- Salary Subject to Tax: £18,364.30
- Income Tax Owed: £3,672.86
- National Insurance: £1,573.12
- Employee Pension Deduction: £1,299.70
Take-Home Pay: £25,688.32 (79.69% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,079.52
Based on Mean Salary of £37,979:
- Salary Subject to Tax: £23,822.05
- Income Tax Owed: £4,764.41
- National Insurance: £2,032.72
- Employee Pension Deduction: £1,586.95
Take-Home Pay: £29,594.92 (77.92% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,539.12
How Expensive Is It To Employ Someone In Test Valley?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Test Valley it works out to:
- Salary: £32,234
- Employer National Insurance: £4,085.10
- Employer Pension Contribution: £779.82
Total Cost To An Employer: £37,098.92 per year
Based on the mean pay in Test Valley it works out to:
- Salary: £37,979
- Employer National Insurance: £4,946.85
- Employer Pension Contribution: £952.17
Total Cost To An Employer: £43,878.02 per year
Income Tax And National Insurance Paid By Workers In Test Valley
Finally, how much income tax and national insurance do people in Test Valley 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 Test Valley paid income tax and national insurance based on the median salary of £32,234 the combined income tax and national insurance (employer and employee) paid would be £550,533,720.
If all workers in Test Valley paid income tax and national insurance based on the mean salary of £37,979 the combined income tax and national insurance (employer and employee) paid would be £692,894,820.
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More Salary Data By City
- Winchester
- Kent
- Ashford
- Canterbury
- Dartford
- Dover
- Gravesham
- Maidstone
- Sevenoaks
- Folkestone and Hythe
All the data presented here comes from the Office of National Statistics.