The median annual salary in Torbay is currently £26,665 and the mean (average) is £30,216 before tax.
The median salary means half of all employees in Torbay earn more than £26,665 and half earn less.
The mean (average) salary number of £30,216 is calculated by taking all the salaries in Torbay adding them up and then dividing by the total number of jobs (currently 48,000 which is 0.21% of all UK jobs).
Over the past 12 months the Torbay median salary of £26,665 has increased by 5.50% which places it 15.62% Below the median salary of the UK as a whole.
The mean salary of £30,216 has increased 7.00% during the same time period and now standards at 20.95% Below the mean salary of the UK.
Income (Before Tax) By Decile In Torbay
Top 10%: x (and above)
Top 20% x
Top 25% x
Top 30% £34,081
Top 40% £30,124
Bottom 40% £24,307
Bottom 30% £20,289
Bottom 25% £18,632
Bottom 20% £20,289
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Torbay
The median salary of £26,665 works out to:
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- £2,222.08 per month
- £527.60 per week
- £14.68 per hour
The mean salary of £30,216 works out to:
- £2,518.00 per month
- £593.00 per week
- £17.88 per hour
Men vs Women Salary Differences (Before Tax) In Torbay
Of the 48,000 jobs in Torbay, 21,000 (43.75%) were held by men and 27,000 (56.25%) were held by women.
The median salary for men was £30,199 vs x for women.
The mean salary for men was £34,617 vs £26,721 for women.
This means men in Torbay are paid #VALUE! more based on median salaries or 29.55% 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 Torbay
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 £26,665:
- Salary Subject to Tax: £13,073.75
- Income Tax Owed: £2,614.75
- National Insurance: £1,127.60
- Employee Pension Deduction: £1,021.25
Take-Home Pay: £21,901.40 (82.14% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,634.00
Based on Mean Salary of £30,216:
- Salary Subject to Tax: £16,447.20
- Income Tax Owed: £3,289.44
- National Insurance: £1,411.68
- Employee Pension Deduction: £1,198.80
Take-Home Pay: £24,316.08 (80.47% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,918.08
How Expensive Is It To Employ Someone In Torbay?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Torbay it works out to:
- Salary: £26,665
- Employer National Insurance: £3,249.75
- Employer Pension Contribution: £612.75
Total Cost To An Employer: £30,527.50 per year
Based on the mean pay in Torbay it works out to:
- Salary: £30,216
- Employer National Insurance: £3,782.40
- Employer Pension Contribution: £719.28
Total Cost To An Employer: £34,717.68 per year
Income Tax And National Insurance Paid By Workers In Torbay
Finally, how much income tax and national insurance do people in Torbay 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 Torbay paid income tax and national insurance based on the median salary of £26,665 the combined income tax and national insurance (employer and employee) paid would be £335,620,800.
If all workers in Torbay paid income tax and national insurance based on the mean salary of £30,216 the combined income tax and national insurance (employer and employee) paid would be £407,208,960.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.