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 average annual total income, per household of those in the top decile group amounted to approximately 186 thousand British pounds. This was much larger than the average annual total income per household of those in the bottom decile group, which came to 8498 British pounds in 2020.

Estimates of annual household income for the four income types for Middle layer Super Output Areas, or local areas, in England and Wales.

Average annual incomes, taxes and benefits, and household characteristics of retired and non-retired households in the UK. Data for financial years, by quintile and decile groups, country and region and tenure type.

The average annual wages and salaries per households of those in the top decile amounted to approximately 124 thousand British pounds. This is over 20 times more than the average annual wages and salaries per household of those in the bottom decile, which came to approximately 5.4 thousand British pounds.

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

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

Annual estimates of paid hours worked and earnings for UK employees by sex, and full-time and part-time, by home-based region to local and unitary authority level.

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.

The median annual earnings for full-time employees in the United Kingdom was just over 39,000 British pounds in 2025, compared with 37,400 pounds in the previous year. At the start of the provided time period, in 1999, the average full-time salary in the UK was 17,800 pounds per year, with median earnings exceeding 20,000 pounds per year in 2002, and 30,000 by 2019. Wages continue to grow faster than inflation in 2025 Between November 2021 and July 2023 inflation was higher than wage growth in the UK, with wages still outpacing inflation as of March 2025. At the peak of the recent wave of high inflation in October 2022, the CPI inflation rate reached a 41-year-high of 11.1 percent, wages were growing much slower at 6.1 percent. Since that peak, inflation remained persistently high for several months, only dropping below double figures in April 2023, when inflation was 8.7 percent, down from 10.1 percent in the previous month. For 2023 as a whole, the average annual rate of inflation was 7.3 percent but fell to 2.5 percent in 2024, but is forecast to increase to 3.2 percent in 2025. Highest and lowest-paid occupations As of 2023, the highest-paid occupation in the UK was that of Chief Executives and Senior Officials, who had an average weekly pay of approximately, 1,576 pounds. By contrast, the lowest-paid occupation that year was that of retail cashiers, and check-out operators, who earned approximately 383 pounds a week. For industry sectors as a whole, people who worked full-time in the electricity, gas, steam and air conditioning supply sector had the highest average earnings, at 955 pounds a week, compared with 505 pounds a week in the accommodation and food services sector, the lowest average earnings in 2023.

Context

Demand for houses has exploded in the UK in the last two years due to the pandemic. As a result, it feels like it is becoming more difficult for young people to afford to buy a house in the near future. I wanted to collect data to see if this sentiment is backed up by numbers.

Content

In this folder you will find the average house price in the UK between between 1975 and 2020, the median wage in the UK between 1999 and 2020. Both of these metrics have been adjusted by inflation up to 2020.

This folder also contains a table containing data on the wage gap in 2021, in the UK and by age group.

Sources

Statista: https://www.statista.com/statistics/802183/annual-pay-employees-in-the-uk/ and https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/.

allAgents: https://www.allagents.co.uk/house-prices-adjusted/.

Bank of England: https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator.

The purpose of this study, compiled by the Institute for Fiscal Studies (IFS), was to provide a consistent description of household incomes and characteristics between 1961-1991, enabling a comprehensive analysis of the trend in poverty, inequality and real living standards in the UK over the last thirty years. The study was extended in 2020 to include data from 1992 and 1993. The Households Below Average Income (HBAI) data are compiled from the Family Expenditure Survey (FES) (held at the UKDA under GN 33057), in this case from 1961-1993.

Households Below Average Income data, with coverage from 1994-1995 onwards, are held at the UKDA under GN 33383. Data and documentation from the HBAI series is also available from the Department for Work and Pensions' "http://www.dwp.gov.uk/asd/hbai/hbai2006/contents.asp" title="Households Below Average Income" style=""> Households Below Average Income web page.

For the second edition (February 2020), data files for 1992 and 1993 were added. The original data and documentation were also updated to the latest file formats.

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.

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