The median annual salary in Wales is currently £29,614 and the mean (average) is £32,639 before tax.
The median salary means half of all employees in Wales earn more than £29,614 and half earn less.
The mean (average) salary number of £32,639 is calculated by taking all the salaries in Wales adding them up and then dividing by the total number of jobs (currently 1,093,000 which is 4.67% of all UK jobs).
Over the past 12 months the Wales median salary of £29,614 has increased by 7.00% which places it 6.29% Below the median salary of the UK as a whole.
The mean salary of £32,639 has increased 7.10% during the same time period and now standards at 14.61% Below the mean salary of the UK.
Income (Before Tax) By Decile In Wales
Top 10%: £54,973 (and above)
Top 20% £45,341
Top 25% £42,016
Top 30% £38,683
Top 40% £33,663
Bottom 40% £25,872
Bottom 30% £22,308
Bottom 25% £20,075
Bottom 20% £22,308
Bottom 10% £10,211 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Wales
The median salary of £29,614 works out to:
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- £2,467.83 per month
- £574.90 per week
- £16.13 per hour
The mean salary of £32,639 works out to:
- £2,719.92 per month
- £631.20 per week
- £19.36 per hour
Men vs Women Salary Differences (Before Tax) In Wales
Of the 1,093,000 jobs in Wales, 521,000 (47.67%) were held by men and 571,000 (52.24%) were held by women.
The median salary for men was £34,610 vs £24,911 for women.
The mean salary for men was £38,468 vs £27,322 for women.
This means men in Wales are paid 38.93% more based on median salaries or 40.79% 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 Wales
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 £29,614:
- Salary Subject to Tax: £15,875.30
- Income Tax Owed: £3,175.06
- National Insurance: £1,363.52
- Employee Pension Deduction: £1,168.70
Take-Home Pay: £23,906.72 (80.73% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,869.92
Based on Mean Salary of £32,639:
- Salary Subject to Tax: £18,749.05
- Income Tax Owed: £3,749.81
- National Insurance: £1,605.52
- Employee Pension Deduction: £1,319.95
Take-Home Pay: £25,963.72 (79.55% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,111.92
How Expensive Is It To Employ Someone In Wales?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Wales it works out to:
- Salary: £29,614
- Employer National Insurance: £3,692.10
- Employer Pension Contribution: £701.22
Total Cost To An Employer: £34,007.32 per year
Based on the mean pay in Wales it works out to:
- Salary: £32,639
- Employer National Insurance: £4,145.85
- Employer Pension Contribution: £791.97
Total Cost To An Employer: £37,576.82 per year
Income Tax And National Insurance Paid By Workers In Wales
Finally, how much income tax and national insurance do people in Wales 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 Wales paid income tax and national insurance based on the median salary of £29,614 the combined income tax and national insurance (employer and employee) paid would be £8,996,133,240.
If all workers in Wales paid income tax and national insurance based on the mean salary of £32,639 the combined income tax and national insurance (employer and employee) paid would be £10,384,789,740.
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More Salary Data By City
- Isle of Anglesey
- Gwynedd
- Conwy
- Denbighshire
- Flintshire
- Wrexham
- Powys
- Ceredigion
- Pembrokeshire
- Carmarthenshire
All the data presented here comes from the Office of National Statistics.