The median annual salary in Wyre is currently £30,723 and the mean (average) is £34,667 before tax.
The median salary means half of all employees in Wyre earn more than £30,723 and half earn less.
The mean (average) salary number of £34,667 is calculated by taking all the salaries in Wyre adding them up and then dividing by the total number of jobs (currently 32,000 which is 0.14% of all UK jobs).
Over the past 12 months the Wyre median salary of £30,723 has increased by 7.70% which places it 2.78% Below the median salary of the UK as a whole.
The mean salary of £34,667 has increased 7.00% during the same time period and now standards at 9.31% Below the mean salary of the UK.
Income (Before Tax) By Decile In Wyre
Top 10%: x (and above)
Top 20% £49,964
Top 25% £44,940
Top 30% £42,016
Top 40% £35,973
Bottom 40% £26,114
Bottom 30% £21,653
Bottom 25% £18,808
Bottom 20% £21,653
Bottom 10% £11,080 (and below)
Average Monthly, Weekly & Hourly Pay (Before Tax) In Wyre
The median salary of £30,723 works out to:
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- £2,560.25 per month
- £578.60 per week
- £16.01 per hour
The mean salary of £34,667 works out to:
- £2,888.92 per month
- £668.70 per week
- £20.42 per hour
Men vs Women Salary Differences (Before Tax) In Wyre
Of the 32,000 jobs in Wyre, 17,000 (53.13%) were held by men and 15,000 (46.88%) were held by women.
The median salary for men was £34,180 vs £25,556 for women.
The mean salary for men was £38,572 vs £30,207 for women.
This means men in Wyre are paid 33.75% more based on median salaries or 27.69% 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 Wyre
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 £30,723:
- Salary Subject to Tax: £16,928.85
- Income Tax Owed: £3,385.77
- National Insurance: £1,452.24
- Employee Pension Deduction: £1,224.15
Take-Home Pay: £24,660.84 (80.27% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £1,958.64
Based on Mean Salary of £34,667:
- Salary Subject to Tax: £20,675.65
- Income Tax Owed: £4,135.13
- National Insurance: £1,767.76
- Employee Pension Deduction: £1,421.35
Take-Home Pay: £27,342.76 (78.87% of gross salary)
Total Gross Pension Contributions (Employee + Employer): £2,274.16
How Expensive Is It To Employ Someone In Wyre?
The direct cost to employee someone includes salary, employer national insurance and employer pension contributions (3%).
Based on the median pay in Wyre it works out to:
- Salary: £30,723
- Employer National Insurance: £3,858.45
- Employer Pension Contribution: £734.49
Total Cost To An Employer: £35,315.94 per year
Based on the mean pay in Wyre it works out to:
- Salary: £34,667
- Employer National Insurance: £4,450.05
- Employer Pension Contribution: £852.81
Total Cost To An Employer: £39,969.86 per year
Income Tax And National Insurance Paid By Workers In Wyre
Finally, how much income tax and national insurance do people in Wyre 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 Wyre paid income tax and national insurance based on the median salary of £30,723 the combined income tax and national insurance (employer and employee) paid would be £278,286,720.
If all workers in Wyre paid income tax and national insurance based on the mean salary of £34,667 the combined income tax and national insurance (employer and employee) paid would be £331,294,080.
Wyre Tax Calculator
More Salary Data By City
- Merseyside Met County
- Knowsley
- Liverpool
- St. Helens
- Sefton
- Wirral
- Yorkshire and The Humber
- East Riding of Yorkshire
- Kingston upon Hull
- North East Lincolnshire
All the data presented here comes from the Office of National Statistics.