The median annual salary in Torfaen is currently £28,961 and the mean (average) is £32,067 before tax.
The median salary means half of all employees in Torfaen earn more than £28,961 and half earn less.
The mean (average) salary number of £32,067 is calculated by taking all the salaries in Torfaen adding them up and then dividing by the total number of jobs (currently 32,000 which is 0.14% of all UK jobs).
Over the past 12 months the Torfaen median salary of £28,961 has increased by 8.70% which places it 8.36% Below the median salary of the UK as a whole.
The mean salary of £32,067 has increased 12.50% during the same time period and now standards at 16.11% Below the mean salary of the UK.
Income (Before Tax) By Decile In Torfaen
Top 10%: x (and above)
Top 20% £45,071
Top 25% £42,721
Top 30% £40,000
Top 40% £32,086
Bottom 40% £26,291
Bottom 30% £22,194
Bottom 25% £19,517
Bottom 20% £22,194
Bottom 10% £11,219 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Torfaen
The median salary of £28,961 works out to:
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- £2,413.42 per month
- £570.20 per week
- £16.27 per hour
The mean salary of £32,067 works out to:
- £2,672.25 per month
- £641.40 per week
- £19.15 per hour
Men vs Women Salary Differences (Before Tax) In Torfaen
Of the 32,000 jobs in Torfaen, 17,000 (53.13%) were held by men and 15,000 (46.88%) were held by women.
The median salary for men was £33,324 vs £23,360 for women.
The mean salary for men was £38,566 vs £24,843 for women.
This means men in Torfaen are paid 42.65% more based on median salaries or 55.24% 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 Torfaen
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 £28,961:
- Salary Subject to Tax: £15,254.95
- Income Tax Owed: £3,050.99
- National Insurance: £1,311.28
- Employee Pension Deduction: £1,136.05
Take-Home Pay: £23,462.68 (81.01% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,817.68
Based on Mean Salary of £32,067:
- Salary Subject to Tax: £18,205.65
- Income Tax Owed: £3,641.13
- National Insurance: £1,559.76
- Employee Pension Deduction: £1,291.35
Take-Home Pay: £25,574.76 (79.75% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,066.16
How Expensive Is It To Employ Someone In Torfaen?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Torfaen it works out to:
- Salary: £28,961
- Employer National Insurance: £3,594.15
- Employer Pension Contribution: £681.63
Total Cost To An Employer: £33,236.78 per year
Based on the mean pay in Torfaen it works out to:
- Salary: £32,067
- Employer National Insurance: £4,060.05
- Employer Pension Contribution: £774.81
Total Cost To An Employer: £36,901.86 per year
Income Tax And National Insurance Paid By Workers In Torfaen
Finally, how much income tax and national insurance do people in Torfaen 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 Torfaen paid income tax and national insurance based on the median salary of £28,961 the combined income tax and national insurance (employer and employee) paid would be £254,605,440.
If all workers in Torfaen paid income tax and national insurance based on the mean salary of £32,067 the combined income tax and national insurance (employer and employee) paid would be £296,350,080.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.