In 2022/23 the median annual household disposable income in the United Kingdom amounted to approximately ****** British pounds. Between 1994/95 and 2007/08 the average household disposable income showed year-on-year increases, but after this point, income levels began to stagnate and even decline in some years. Although average household disposable resumed a steady growth pattern between 2012/13 and 2016/17, it has fluctuated in more recent years, and declined in the most recent two years. Economic shocks and disposable income The steady growth of disposable income from 1994 to 2008 reflected the generally healthy UK economy in that period. After the global financial crisis, however, the UK economy was plunged into a deep recession that is mirrored by a decline in disposable income. Although there was a period of recovery between 2013 and 2016, the UK economy has suffered a series of economic shocks since that point. The Brexit Referendum of 2016, and the subsequent economic and political fallout, was followed by the COVID-19 pandemic in 2020, and in more recent years by the Inflation Crisis and Ukraine War. Living costs putting UK households under pressure Between January and April 2022, the share of people reporting an increase in their living costs compared with the previous month rose from ** percent to ** percent. This corresponded with significant price increases at that time, with CPI inflation surging from *** percent in February 2021 to a **-year-high of **** percent by October 2022. Although inflation did gradually start to decline in the following months, it wasn't until July 2023 that wages caught up with inflation. The surge in energy and food prices that caused this high inflation, was devastating for UK households, leading to the worst Cost of Living Crisis for decades.

In 2023/24 the mean disposable income per household in the United Kingdom was ****** British pounds, while the median disposable income for households was ****** pounds

In 2023/24, households in the top decile group in the United Kingdom had, on average, over 71,000 British pounds in equalized disposable household income, compared with the overall average of almost 37,000 pounds.

Key information about UK Household Income per Capita

• United Kingdom Annual Household Income per Capita reached 37,446.677 USD in Dec 2024, compared with the previous value of 36,745.996 USD in Dec 2023.
• UK Annual Household Income per Capita data is updated yearly, available from Dec 1996 to Dec 2024, with an averaged value of 45,885.613 USD.
• The data reached an all-time high of 59,408.574 USD in Dec 2007 and a record low of 28,903.635 USD in Dec 1996.
• In the latest reports, Retail Sales of UK grew 0.200 % YoY in Oct 2025.

Average UK household incomes taxes and benefits by household type, tenure status, household characteristics and long-term trends in income inequality.

In 2024, the highest median amount of disposable income was among those aged 25 to 34 year-olds, at 43,552 pounds, with the highest mean income among those aged between 55 and 65.

Estimates of UK regional gross disposable household income (GDHI) at current prices for ITL1, ITL2 and ITL3 regions.

United Kingdom Average Annual Household Income (AAHI): Gross data was reported at 68,866.000 GBP in 2024. This records a decrease from the previous number of 69,744.000 GBP for 2023. United Kingdom Average Annual Household Income (AAHI): Gross data is updated yearly, averaging 54,877.000 GBP from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 74,307.000 GBP in 2008 and a record low of 32,097.000 GBP in 1978. United Kingdom Average Annual Household Income (AAHI): Gross data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.H080: Average Annual Household Income.

Annual estimates of UK regional gross disposable household income (GDHI) for local authorities by International Territorial Level (ITL) region.

Average weekly household expenditure on goods and services in the UK. Data are shown by region, age, income (including equivalised) group (deciles and quintiles), economic status, socio-economic class, housing tenure, output area classification, urban and rural areas (Great Britain only), place of purchase and household composition.

This article examines the effect of VAT on average disposable income for both low income and high income households. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: The effect of VAT on household disposable income

Real household disposable income per person in the United Kingdom is expected to have grown by ***** percent in 2024/25, with disposable income growth slowing from that point onwards. In 2022/23, disposable income fell by *** percent, after falling by *** percent in 2021/22, and *** percent in 2020/21.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in England: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 22(2.02%) households where the householder is under 25 years old, 374(34.34%) households with a householder aged between 25 and 44 years, 410(37.65%) households with a householder aged between 45 and 64 years, and 283(25.99%) households where the householder is over 65 years old.
• In England, the age group of 45 to 64 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for England median household income by age. You can refer the same here

3-year average median equivalised weekly income after housing costs (AHC) indexed to 2022/23 prices. This dataset is one of the Greater London Authority's measures of Economic Fairness. Click here to find out more.

This statistic shows the predicted change in real household disposable income in the United Kingdom (UK) between 2017 and 2023, as a percentage change from the same time the preceding year. The real disposable income of the households is forecasted to increase almost every year with the lowest increase rate being 0.4 percent between 2020 and 2021.

Households in the bottom decile in the United Kingdom earned, on average, ****** British pounds per year in 2023/24, compared with the top decile which earned around ******* pounds per year.

The data give estimates of gross disposable household sector income for UK regions and countries, and Welsh sub-regions for the period 1997 to 2023.