The median annual salary in Wolverhampton is currently £28,977 and the mean (average) is £33,309 before tax.
The median salary means half of all employees in Wolverhampton earn more than £28,977 and half earn less.
The mean (average) salary number of £33,309 is calculated by taking all the salaries in Wolverhampton adding them up and then dividing by the total number of jobs (currently 77,000 which is 0.33% of all UK jobs).
Over the past 12 months the Wolverhampton median salary of £28,977 has increased by 9.20% which places it 8.31% Below the median salary of the UK as a whole.
The mean salary of £33,309 has increased 10.30% during the same time period and now standards at 12.86% Below the mean salary of the UK.
Income (Before Tax) By Decile In Wolverhampton
Top 10%: x (and above)
Top 20% £44,005
Top 25% £40,872
Top 30% £37,416
Top 40% £33,218
Bottom 40% £25,728
Bottom 30% £22,328
Bottom 25% £20,661
Bottom 20% £22,328
Bottom 10% £12,518 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Wolverhampton
The median salary of £28,977 works out to:
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- £2,414.75 per month
- £568.90 per week
- £15.01 per hour
The mean salary of £33,309 works out to:
- £2,775.75 per month
- £631.20 per week
- £18.50 per hour
Men vs Women Salary Differences (Before Tax) In Wolverhampton
Of the 77,000 jobs in Wolverhampton, 40,000 (51.95%) were held by men and 37,000 (48.05%) were held by women.
The median salary for men was £30,769 vs £25,950 for women.
The mean salary for men was £36,000 vs £30,452 for women.
This means men in Wolverhampton are paid 18.57% more based on median salaries or 18.22% 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 Wolverhampton
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 £28,977:
- Salary Subject to Tax: £15,270.15
- Income Tax Owed: £3,054.03
- National Insurance: £1,312.56
- Employee Pension Deduction: £1,136.85
Take-Home Pay: £23,473.56 (81.01% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,818.96
Based on Mean Salary of £33,309:
- Salary Subject to Tax: £19,385.55
- Income Tax Owed: £3,877.11
- National Insurance: £1,659.12
- Employee Pension Deduction: £1,353.45
Take-Home Pay: £26,419.32 (79.32% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,165.52
How Expensive Is It To Employ Someone In Wolverhampton?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Wolverhampton it works out to:
- Salary: £28,977
- Employer National Insurance: £3,596.55
- Employer Pension Contribution: £682.11
Total Cost To An Employer: £33,255.66 per year
Based on the mean pay in Wolverhampton it works out to:
- Salary: £33,309
- Employer National Insurance: £4,246.35
- Employer Pension Contribution: £812.07
Total Cost To An Employer: £38,367.42 per year
Income Tax And National Insurance Paid By Workers In Wolverhampton
Finally, how much income tax and national insurance do people in Wolverhampton 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 Wolverhampton paid income tax and national insurance based on the median salary of £28,977 the combined income tax and national insurance (employer and employee) paid would be £613,161,780.
If all workers in Wolverhampton paid income tax and national insurance based on the mean salary of £33,309 the combined income tax and national insurance (employer and employee) paid would be £753,258,660.
Wolverhampton Tax Calculator
More Salary Data By City
- Worcestershire
- Bromsgrove
- Malvern Hills
- Redditch
- Worcester
- Wychavon
- Wyre Forest
- East of England
- Bedford
- Central Bedfordshire
All the data presented here comes from the Office of National Statistics.