The median annual salary in Wokingham is currently £40,240 and the mean (average) is £52,417 before tax.
The median salary means half of all employees in Wokingham earn more than £40,240 and half earn less.
The mean (average) salary number of £52,417 is calculated by taking all the salaries in Wokingham adding them up and then dividing by the total number of jobs (currently 70,000 which is 0.30% of all UK jobs).
Over the past 12 months the Wokingham median salary of £40,240 has increased by 0.00% which places it 27.33% Above the median salary of the UK as a whole.
The mean salary of £52,417 has increased 17.30% during the same time period and now standards at 37.13% Above the mean salary of the UK.
Income (Before Tax) By Decile In Wokingham
Top 10%: x (and above)
Top 20% x
Top 25% £64,550
Top 30% £57,131
Top 40% £48,597
Bottom 40% £34,230
Bottom 30% £29,970
Bottom 25% £27,137
Bottom 20% £29,970
Bottom 10% x (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Wokingham
The median salary of £40,240 works out to:
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- £3,353.33 per month
- £756.00 per week
- £21.56 per hour
The mean salary of £52,417 works out to:
- £4,368.08 per month
- £945.40 per week
- £28.19 per hour
Men vs Women Salary Differences (Before Tax) In Wokingham
Of the 70,000 jobs in Wokingham, 37,000 (52.86%) were held by men and 33,000 (47.14%) were held by women.
The median salary for men was £52,412 vs £33,089 for women.
The mean salary for men was £65,570 vs £37,827 for women.
This means men in Wokingham are paid 58.40% more based on median salaries or 73.34% 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 Wokingham
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 £40,240:
- Salary Subject to Tax: £25,970.00
- Income Tax Owed: £5,194.00
- National Insurance: £2,213.60
- Employee Pension Deduction: £1,700.00
Take-Home Pay: £31,132.40 (77.37% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,720.00
Based on Mean Salary of £52,417:
- Salary Subject to Tax: £37,645.50
- Income Tax Owed: £7,529.10
- National Insurance: £3,058.94
- Employee Pension Deduction: £2,201.50
Take-Home Pay: £39,627.46 (75.60% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £3,522.40
How Expensive Is It To Employ Someone In Wokingham?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Wokingham it works out to:
- Salary: £40,240
- Employer National Insurance: £5,286.00
- Employer Pension Contribution: £1,020.00
Total Cost To An Employer: £46,546.00 per year
Based on the mean pay in Wokingham it works out to:
- Salary: £52,417
- Employer National Insurance: £7,112.55
- Employer Pension Contribution: £1,320.90
Total Cost To An Employer: £60,850.45 per year
Income Tax And National Insurance Paid By Workers In Wokingham
Finally, how much income tax and national insurance do people in Wokingham 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 Wokingham paid income tax and national insurance based on the median salary of £40,240 the combined income tax and national insurance (employer and employee) paid would be £888,552,000.
If all workers in Wokingham paid income tax and national insurance based on the mean salary of £52,417 the combined income tax and national insurance (employer and employee) paid would be £1,239,041,300.
Wokingham Tax Calculator
More Salary Data By City
- East Sussex
- Eastbourne
- Hastings
- Lewes
- Rother
- Wealden
- Hampshire
- Basingstoke and Deane
- East Hampshire
- Eastleigh
All the data presented here comes from the Office of National Statistics.