The median annual salary in Wakefield is currently £29,042 and the mean (average) is £32,240 before tax.
The median salary means half of all employees in Wakefield earn more than £29,042 and half earn less.
The mean (average) salary number of £32,240 is calculated by taking all the salaries in Wakefield adding them up and then dividing by the total number of jobs (currently 123,000 which is 0.53% of all UK jobs).
Over the past 12 months the Wakefield median salary of £29,042 has increased by 11.30% which places it 8.10% Below the median salary of the UK as a whole.
The mean salary of £32,240 has increased 9.70% during the same time period and now standards at 15.66% Below the mean salary of the UK.
Income (Before Tax) By Decile In Wakefield
Top 10%: x (and above)
Top 20% £44,049
Top 25% £40,361
Top 30% £36,439
Top 40% £32,427
Bottom 40% £26,018
Bottom 30% £22,613
Bottom 25% £21,196
Bottom 20% £22,613
Bottom 10% £12,508 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Wakefield
The median salary of £29,042 works out to:
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- £2,420.17 per month
- £570.00 per week
- £15.61 per hour
The mean salary of £32,240 works out to:
- £2,686.67 per month
- £629.40 per week
- £18.69 per hour
Men vs Women Salary Differences (Before Tax) In Wakefield
Of the 123,000 jobs in Wakefield, 56,000 (45.53%) were held by men and 67,000 (54.47%) were held by women.
The median salary for men was £34,028 vs £24,979 for women.
The mean salary for men was £38,295 vs £27,136 for women.
This means men in Wakefield are paid 36.23% more based on median salaries or 41.12% 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 Wakefield
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 £29,042:
- Salary Subject to Tax: £15,331.90
- Income Tax Owed: £3,066.38
- National Insurance: £1,317.76
- Employee Pension Deduction: £1,140.10
Take-Home Pay: £23,517.76 (80.98% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,824.16
Based on Mean Salary of £32,240:
- Salary Subject to Tax: £18,370.00
- Income Tax Owed: £3,674.00
- National Insurance: £1,573.60
- Employee Pension Deduction: £1,300.00
Take-Home Pay: £25,692.40 (79.69% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,080.00
How Expensive Is It To Employ Someone In Wakefield?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Wakefield it works out to:
- Salary: £29,042
- Employer National Insurance: £3,606.30
- Employer Pension Contribution: £684.06
Total Cost To An Employer: £33,332.36 per year
Based on the mean pay in Wakefield it works out to:
- Salary: £32,240
- Employer National Insurance: £4,086.00
- Employer Pension Contribution: £780.00
Total Cost To An Employer: £37,106.00 per year
Income Tax And National Insurance Paid By Workers In Wakefield
Finally, how much income tax and national insurance do people in Wakefield 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 Wakefield paid income tax and national insurance based on the median salary of £29,042 the combined income tax and national insurance (employer and employee) paid would be £982,824,120.
If all workers in Wakefield paid income tax and national insurance based on the mean salary of £32,240 the combined income tax and national insurance (employer and employee) paid would be £1,148,032,800.
Wakefield Tax Calculator
More Salary Data By City
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- West Northamptonshire
- Derbyshire
- Amber Valley
- Bolsover
All the data presented here comes from the Office of National Statistics.