The median annual salary in Torridge is currently £28,423 and the mean (average) is £28,180 before tax.
The median salary means half of all employees in Torridge earn more than £28,423 and half earn less.
The mean (average) salary number of £28,180 is calculated by taking all the salaries in Torridge adding them up and then dividing by the total number of jobs (currently 27,000 which is 0.12% of all UK jobs).
Over the past 12 months the Torridge median salary of £28,423 has increased by 0.00% which places it 10.06% Below the median salary of the UK as a whole.
The mean salary of £28,180 has increased 0.00% during the same time period and now standards at 26.28% Below the mean salary of the UK.
Income (Before Tax) By Decile In Torridge
Top 10%: x (and above)
Top 20% £42,321
Top 25% £38,184
Top 30% £34,360
Top 40% £31,184
Bottom 40% £24,726
Bottom 30% £18,859
Bottom 25% £15,719
Bottom 20% £18,859
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Torridge
The median salary of £28,423 works out to:
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- £2,368.58 per month
- £575.20 per week
- £15.67 per hour
The mean salary of £28,180 works out to:
- £2,348.33 per month
- £588.60 per week
- £18.34 per hour
Men vs Women Salary Differences (Before Tax) In Torridge
Of the 27,000 jobs in Torridge, 14,000 (51.85%) were held by men and 13,000 (48.15%) were held by women.
The median salary for men was £31,986 vs x for women.
The mean salary for men was £33,852 vs £22,188 for women.
This means men in Torridge are paid #VALUE! more based on median salaries or 52.57% 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 Torridge
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 £28,423:
- Salary Subject to Tax: £14,743.85
- Income Tax Owed: £2,948.77
- National Insurance: £1,268.24
- Employee Pension Deduction: £1,109.15
Take-Home Pay: £23,096.84 (81.26% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,774.64
Based on Mean Salary of £28,180:
- Salary Subject to Tax: £14,513.00
- Income Tax Owed: £2,902.60
- National Insurance: £1,248.80
- Employee Pension Deduction: £1,097.00
Take-Home Pay: £22,931.60 (81.38% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,755.20
How Expensive Is It To Employ Someone In Torridge?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Torridge it works out to:
- Salary: £28,423
- Employer National Insurance: £3,513.45
- Employer Pension Contribution: £665.49
Total Cost To An Employer: £32,601.94 per year
Based on the mean pay in Torridge it works out to:
- Salary: £28,180
- Employer National Insurance: £3,477.00
- Employer Pension Contribution: £658.20
Total Cost To An Employer: £32,315.20 per year
Income Tax And National Insurance Paid By Workers In Torridge
Finally, how much income tax and national insurance do people in Torridge 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 Torridge paid income tax and national insurance based on the median salary of £28,423 the combined income tax and national insurance (employer and employee) paid would be £208,722,420.
If all workers in Torridge paid income tax and national insurance based on the mean salary of £28,180 the combined income tax and national insurance (employer and employee) paid would be £205,966,800.
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More Salary Data By City
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- Gloucestershire
- Cheltenham
- Cotswold
- Forest of Dean
- Gloucester
- Stroud
- Tewkesbury
- Somerset
- Wales
All the data presented here comes from the Office of National Statistics.