The median annual salary in Waverley is currently £43,694 and the mean (average) is £55,042 before tax.
The median salary means half of all employees in Waverley earn more than £43,694 and half earn less.
The mean (average) salary number of £55,042 is calculated by taking all the salaries in Waverley adding them up and then dividing by the total number of jobs (currently 42,000 which is 0.18% of all UK jobs).
Over the past 12 months the Waverley median salary of £43,694 has increased by 16.90% which places it 38.26% Above the median salary of the UK as a whole.
The mean salary of £55,042 has increased 4.50% during the same time period and now standards at 44.00% Above the mean salary of the UK.
Income (Before Tax) By Decile In Waverley
Top 10%: x (and above)
Top 20% x
Top 25% £62,776
Top 30% £55,813
Top 40% £49,526
Bottom 40% £35,116
Bottom 30% £27,117
Bottom 25% £22,794
Bottom 20% £27,117
Bottom 10% £13,397 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Waverley
The median salary of £43,694 works out to:
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- £3,641.17 per month
- £836.80 per week
- £23.00 per hour
The mean salary of £55,042 works out to:
- £4,586.83 per month
- £968.40 per week
- £28.68 per hour
Men vs Women Salary Differences (Before Tax) In Waverley
Of the 42,000 jobs in Waverley, 24,000 (57.14%) were held by men and 18,000 (42.86%) were held by women.
The median salary for men was £52,720 vs £27,330 for women.
The mean salary for men was £71,558 vs £33,158 for women.
This means men in Waverley are paid 92.90% more based on median salaries or 115.81% 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 Waverley
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 £43,694:
- Salary Subject to Tax: £29,251.30
- Income Tax Owed: £5,850.26
- National Insurance: £2,489.92
- Employee Pension Deduction: £1,872.70
Take-Home Pay: £33,481.12 (76.63% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,996.32
Based on Mean Salary of £55,042:
- Salary Subject to Tax: £40,270.50
- Income Tax Owed: £8,568.20
- National Insurance: £3,111.44
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £41,160.86 (74.78% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Waverley?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Waverley it works out to:
- Salary: £43,694
- Employer National Insurance: £5,804.10
- Employer Pension Contribution: £1,123.62
Total Cost To An Employer: £50,621.72 per year
Based on the mean pay in Waverley it works out to:
- Salary: £55,042
- Employer National Insurance: £7,506.30
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £63,869.20 per year
Income Tax And National Insurance Paid By Workers In Waverley
Finally, how much income tax and national insurance do people in Waverley 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 Waverley paid income tax and national insurance based on the median salary of £43,694 the combined income tax and national insurance (employer and employee) paid would be £594,059,760.
If all workers in Waverley paid income tax and national insurance based on the mean salary of £55,042 the combined income tax and national insurance (employer and employee) paid would be £805,809,480.
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More Salary Data By City
All the data presented here comes from the Office of National Statistics.