The median annual salary in Waltham Forest is currently £38,040 and the mean (average) is £43,553 before tax.
The median salary means half of all employees in Waltham Forest earn more than £38,040 and half earn less.
The mean (average) salary number of £43,553 is calculated by taking all the salaries in Waltham Forest adding them up and then dividing by the total number of jobs (currently 84,000 which is 0.36% of all UK jobs).
Over the past 12 months the Waltham Forest median salary of £38,040 has increased by 10.60% which places it 20.37% Above the median salary of the UK as a whole.
The mean salary of £43,553 has increased 5.70% during the same time period and now standards at 13.94% Above the mean salary of the UK.
Income (Before Tax) By Decile In Waltham Forest
Top 10%: x (and above)
Top 20% £61,876
Top 25% £58,580
Top 30% £53,772
Top 40% £45,078
Bottom 40% £31,948
Bottom 30% £26,628
Bottom 25% £23,272
Bottom 20% £26,628
Bottom 10% £10,411 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Waltham Forest
The median salary of £38,040 works out to:
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- £3,170.00 per month
- £717.70 per week
- £19.84 per hour
The mean salary of £43,553 works out to:
- £3,629.42 per month
- £823.30 per week
- £24.43 per hour
Men vs Women Salary Differences (Before Tax) In Waltham Forest
Of the 84,000 jobs in Waltham Forest, 47,000 (55.95%) were held by men and 37,000 (44.05%) were held by women.
The median salary for men was £42,674 vs £31,500 for women.
The mean salary for men was £49,350 vs £36,331 for women.
This means men in Waltham Forest are paid 35.47% more based on median salaries or 35.83% 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 Waltham Forest
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 £38,040:
- Salary Subject to Tax: £23,880.00
- Income Tax Owed: £4,776.00
- National Insurance: £2,037.60
- Employee Pension Deduction: £1,590.00
Take-Home Pay: £29,636.40 (77.91% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,544.00
Based on Mean Salary of £43,553:
- Salary Subject to Tax: £29,117.35
- Income Tax Owed: £5,823.47
- National Insurance: £2,478.64
- Employee Pension Deduction: £1,865.65
Take-Home Pay: £33,385.24 (76.65% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,985.04
How Expensive Is It To Employ Someone In Waltham Forest?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Waltham Forest it works out to:
- Salary: £38,040
- Employer National Insurance: £4,956.00
- Employer Pension Contribution: £954.00
Total Cost To An Employer: £43,950.00 per year
Based on the mean pay in Waltham Forest it works out to:
- Salary: £43,553
- Employer National Insurance: £5,782.95
- Employer Pension Contribution: £1,119.39
Total Cost To An Employer: £50,455.34 per year
Income Tax And National Insurance Paid By Workers In Waltham Forest
Finally, how much income tax and national insurance do people in Waltham Forest 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 Waltham Forest paid income tax and national insurance based on the median salary of £38,040 the combined income tax and national insurance (employer and employee) paid would be £988,646,400.
If all workers in Waltham Forest paid income tax and national insurance based on the mean salary of £43,553 the combined income tax and national insurance (employer and employee) paid would be £1,183,145,040.
Waltham Forest Tax Calculator
More Salary Data By City
- South East England
- Bracknell Forest
- Brighton and Hove
- Buckinghamshire
- Isle of Wight
- Medway
- Milton Keynes
- Portsmouth
- Reading
- Slough
All the data presented here comes from the Office of National Statistics.