The median annual salary in Wandsworth is currently £45,394 and the mean (average) is £63,129 before tax.
The median salary means half of all employees in Wandsworth earn more than £45,394 and half earn less.
The mean (average) salary number of £63,129 is calculated by taking all the salaries in Wandsworth adding them up and then dividing by the total number of jobs (currently 103,000 which is 0.44% of all UK jobs).
Over the past 12 months the Wandsworth median salary of £45,394 has increased by 0.90% which places it 43.64% Above the median salary of the UK as a whole.
The mean salary of £63,129 has increased 1.90% during the same time period and now standards at 65.16% Above the mean salary of the UK.
Income (Before Tax) By Decile In Wandsworth
Top 10%: x (and above)
Top 20% £80,915
Top 25% £69,166
Top 30% £63,137
Top 40% £52,889
Bottom 40% £39,999
Bottom 30% £33,244
Bottom 25% £29,973
Bottom 20% £33,244
Bottom 10% £13,422 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Wandsworth
The median salary of £45,394 works out to:
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- £3,782.83 per month
- £843.30 per week
- £23.07 per hour
The mean salary of £63,129 works out to:
- £5,260.75 per month
- £1,038.70 per week
- £30.35 per hour
Men vs Women Salary Differences (Before Tax) In Wandsworth
Of the 103,000 jobs in Wandsworth, 48,000 (46.60%) were held by men and 56,000 (54.37%) were held by women.
The median salary for men was £52,202 vs £42,357 for women.
The mean salary for men was £78,477 vs £50,007 for women.
This means men in Wandsworth are paid 23.24% more based on median salaries or 56.93% 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 Wandsworth
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 £45,394:
- Salary Subject to Tax: £30,866.30
- Income Tax Owed: £6,173.26
- National Insurance: £2,625.92
- Employee Pension Deduction: £1,957.70
Take-Home Pay: £34,637.12 (76.30% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,132.32
Based on Mean Salary of £63,129:
- Salary Subject to Tax: £48,357.50
- Income Tax Owed: £11,803.00
- National Insurance: £3,273.18
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £45,851.32 (72.63% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Wandsworth?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Wandsworth it works out to:
- Salary: £45,394
- Employer National Insurance: £6,059.10
- Employer Pension Contribution: £1,174.62
Total Cost To An Employer: £52,627.72 per year
Based on the mean pay in Wandsworth it works out to:
- Salary: £63,129
- Employer National Insurance: £8,719.35
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £73,169.25 per year
Income Tax And National Insurance Paid By Workers In Wandsworth
Finally, how much income tax and national insurance do people in Wandsworth 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 Wandsworth paid income tax and national insurance based on the median salary of £45,394 the combined income tax and national insurance (employer and employee) paid would be £1,530,402,840.
If all workers in Wandsworth paid income tax and national insurance based on the mean salary of £63,129 the combined income tax and national insurance (employer and employee) paid would be £2,450,939,590.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.