The median annual salary in Thanet is currently £28,049 and the mean (average) is £33,498 before tax.
The median salary means half of all employees in Thanet earn more than £28,049 and half earn less.
The mean (average) salary number of £33,498 is calculated by taking all the salaries in Thanet adding them up and then dividing by the total number of jobs (currently 40,000 which is 0.17% of all UK jobs).
Over the past 12 months the Thanet median salary of £28,049 has increased by 3.00% which places it 11.24% Below the median salary of the UK as a whole.
The mean salary of £33,498 has increased 9.30% during the same time period and now standards at 12.36% Below the mean salary of the UK.
Income (Before Tax) By Decile In Thanet
Top 10%: x (and above)
Top 20% x
Top 25% £44,785
Top 30% £40,376
Top 40% £33,237
Bottom 40% £24,377
Bottom 30% £21,636
Bottom 25% £19,061
Bottom 20% £21,636
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Thanet
The median salary of £28,049 works out to:
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- £2,337.42 per month
- £554.50 per week
- £16.19 per hour
The mean salary of £33,498 works out to:
- £2,791.50 per month
- £650.70 per week
- £20.00 per hour
Men vs Women Salary Differences (Before Tax) In Thanet
Of the 40,000 jobs in Thanet, 18,000 (45.00%) were held by men and 22,000 (55.00%) were held by women.
The median salary for men was £34,269 vs £25,063 for women.
The mean salary for men was £37,724 vs £29,964 for women.
This means men in Thanet are paid 36.73% more based on median salaries or 25.90% 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 Thanet
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 £28,049:
- Salary Subject to Tax: £14,388.55
- Income Tax Owed: £2,877.71
- National Insurance: £1,238.32
- Employee Pension Deduction: £1,090.45
Take-Home Pay: £22,842.52 (81.44% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,744.72
Based on Mean Salary of £33,498:
- Salary Subject to Tax: £19,565.10
- Income Tax Owed: £3,913.02
- National Insurance: £1,674.24
- Employee Pension Deduction: £1,362.90
Take-Home Pay: £26,547.84 (79.25% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,180.64
How Expensive Is It To Employ Someone In Thanet?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Thanet it works out to:
- Salary: £28,049
- Employer National Insurance: £3,457.35
- Employer Pension Contribution: £654.27
Total Cost To An Employer: £32,160.62 per year
Based on the mean pay in Thanet it works out to:
- Salary: £33,498
- Employer National Insurance: £4,274.70
- Employer Pension Contribution: £817.74
Total Cost To An Employer: £38,590.44 per year
Income Tax And National Insurance Paid By Workers In Thanet
Finally, how much income tax and national insurance do people in Thanet 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 Thanet paid income tax and national insurance based on the median salary of £28,049 the combined income tax and national insurance (employer and employee) paid would be £302,935,200.
If all workers in Thanet paid income tax and national insurance based on the mean salary of £33,498 the combined income tax and national insurance (employer and employee) paid would be £394,478,400.
Thanet Tax Calculator
More Salary Data By City
- Tonbridge and Malling
- Tunbridge Wells
- Oxfordshire
- Cherwell
- Oxford
- South Oxfordshire
- Vale of White Horse
- West Oxfordshire
- Surrey
- Elmbridge
All the data presented here comes from the Office of National Statistics.