The median annual earnings in the United Kingdom was 37,430 British pounds per year in 2024. Annual earnings varied significantly by region, ranging from 47,455 pounds in London to 32,960 pounds in the North East. Along with London, two other areas of the UK had median annual earnings above the UK average; South East England, and Scotland, at 39,038 pounds and 38,315 pounds respectively. Regional Inequality in the UK Various other indicators highlight the degree of regional inequality in the UK, especially between London and the rest of the country. Productivity in London, as measured by output per hour, was 26.2 percent higher than the UK average. By comparison, every other UK region, except the South East, fell below the UK average for productivity. In gross domestic product per head, London was also an outlier. The average GDP per head in the UK was just over 37,000 pounds in 2023, but for London it was almost 64,000 pounds. Again, the South East's GDP per head was slightly above the UK average, with every other region below it. Within London itself, there is also a great degree of inequality. In 2023, for example, the average earnings in Kensington and Chelsea were 964 pounds per week, compared with 675 pounds in Barking and Dagenham. Wages continue to grow in 2025 In March 2025, weekly wages in the UK were growing by around 5.6 percent, or 1.8 percent when adjusted for inflation. For almost two years, wages have grown faster than inflation after a long period where prices were rising faster than wages between 2021 and 2023. This was due to a sustained period of high inflation in the UK, which peaked in October 2022 at 11.1 percent. Although inflation started to slow the following month, it wasn't until June 2023 that wages started to outpace inflation. By this point, the damage caused by high energy and food inflation had led to the the worst Cost of Living Crisis in the UK for a generation.

In March 2025, the top one percent of earners in the United Kingdom received an average pay of over 16,000 British pounds per month, compared with the bottom ten percent of earners who earned around 800 pounds a month.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in London. Based on the latest 2018-2022 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in London. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2022

In terms of income distribution across age cohorts, in London, householders within the 25 to 44 years age group have the highest median household income at $61,444, followed by those in the under 25 years age group with an income of $49,696. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $43,096. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $41,867.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific age group

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 London median household income by age. You can refer the same here

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in New London. Based on the latest 2018-2022 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in New London. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2022

In terms of income distribution across age cohorts, in New London, the median household income stands at $64,818 for householders within the 25 to 44 years age group, followed by $52,063 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $47,001.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific age group

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 New London median household income by age. You can refer the same here

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.

In the three months to March 2025, average weekly earnings in the United Kingdom grew by 5.6 percent, while pay including bonuses grew by 5.5 percent, when compared with the same period leading to March 2024. In the same month, the inflation rate for the Consumer Price Index was 2.6 percent, indicating that wages were rising faster than prices that month. Average salaries in the UK In 2024, the average salary for full-time workers in the UK was 37,430 British pounds a year, up from 34,963 in the previous year. In London, the average annual salary was far higher than the rest of the country, at 47,455 pounds per year, compared with just 32,960 in North East England. There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. Waves of industrial action in the UK One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes. Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK's public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

In the 3 years to March 2021, black households were most likely out of all ethnic groups to have a weekly income of under £600.

Wages for regular pay in the United Kingdom grew by approximately 5.2 percent in April 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 1.4 percent. Twenty months of inflation outpacing wages Between November 2021 and June 2023 inflation was higher than wage growth in the UK, resulting in falling real terms earnings throughout this 20-month period. While UK inflation peaked at 11.1 percent in October 2022, it was not until April 2023 that it fell below double figures, and not until May 2024 that it reached the Bank of England's target of two percent. Forecasts from the Autumn 2024 budget predict that the annual UK inflation will for 2024 will be 2.5 percent, down from 7.3 percent in 2023 and 9.1 percent in 2022. Due to high inflation, the UK's minimum wage also rose quite significantly during this period, with the "main" rate increasing from 8.91 pounds per hour in 2021 to 12.21 pounds per hour in 2025. Average earnings and gender pay gap For full-time workers in the United Kingdom, the median average annual earnings was 37,430 British pounds in 2024, compared with 34,663 pounds in 2023. In London, average earnings were significantly higher than the rest of the country, at 47,455 pounds. Just two other areas of the United Kingdom, the South East and Scotland, had annual salaries above the UK average. North East England had the lowest average salary, at 32,960 pounds. As of 2024, the gender pay gap for median gross hourly earnings in the UK was 13.1 percent for all workers, falling to seven percent for full-time workers and -3 percent for part-time workers. Compared with 1997, when the gender pay gap was 27.5 percent for all workers, there has been a degree of progress, although, at current trends, it will be some time before the gap is closed entirely.

75% of households from the Bangladeshi ethnic group were in the 2 lowest income quintiles (after housing costs were deducted) between April 2021 and March 2024.

Between April 2008 and March 2024, households from the Pakistani and Bangladeshi ethnic groups were the most likely to live in low income out of all ethnic groups, before and after housing costs.

Graph and download economic data for Average Weekly Wages for Employees in State Government Establishments in Norwich-New London, CT (MSA) (ENUC359840210SA) from Q1 1990 to Q4 2024 about Norwich, state govt, CT, establishments, average, wages, government, employment, and USA.

Average Weekly Wages for Employees in Federal Government Establishments in Norwich-New London, CT (MSA) was 1733.32278 $ per Week in October of 2024, according to the United States Federal Reserve. Historically, Average Weekly Wages for Employees in Federal Government Establishments in Norwich-New London, CT (MSA) reached a record high of 1733.32278 in October of 2024 and a record low of 499.58997 in April of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Wages for Employees in Federal Government Establishments in Norwich-New London, CT (MSA) - last updated from the United States Federal Reserve on June of 2025.

In 2023/24 London had the highest average weekly household income before housing costs were considered in the United Kingdom, at *** British pounds a week, compared with the UK average of *** pounds a week.

Average Weekly Wages for Employees in Total Covered Establishments in Norwich-New London, CT (MSA) was 1287.00000 $ per Week in July of 2024, according to the United States Federal Reserve. Historically, Average Weekly Wages for Employees in Total Covered Establishments in Norwich-New London, CT (MSA) reached a record high of 1467.00000 in January of 2023 and a record low of 465.00000 in July of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Wages for Employees in Total Covered Establishments in Norwich-New London, CT (MSA) - last updated from the United States Federal Reserve on July of 2025.

Average Weekly Wages for Employees in Local Government Establishments in Norwich-New London, CT (MSA) was 1178.00000 $ per Week in July of 2024, according to the United States Federal Reserve. Historically, Average Weekly Wages for Employees in Local Government Establishments in Norwich-New London, CT (MSA) reached a record high of 1236.00000 in April of 2020 and a record low of 479.00000 in July of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Wages for Employees in Local Government Establishments in Norwich-New London, CT (MSA) - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Average Weekly Earnings of All Employees: Total Private in Norwich-New London-Westerly, CT-RI (NECTA) (SMU09764500500000011) from Jan 2007 to Dec 2024 about Norwich, RI, CT, earnings, private, employment, and USA.

How many UK adults are satisfied with their jobs in 2024? How much confidence do British workers have in their company’s leadership? We share all of this and more, revealing the latest job satisfaction statistics of 2024.

Affordability ratios calculated by dividing house prices by gross annual workplace-based earnings. Based on the median and lower quartiles of both house prices and earnings in England and Wales.

Average Weekly Wages for Employees in Private Establishments in Norwich-New London, CT (MSA) was 1413.00000 $ per Week in October of 2024, according to the United States Federal Reserve. Historically, Average Weekly Wages for Employees in Private Establishments in Norwich-New London, CT (MSA) reached a record high of 1531.00000 in January of 2023 and a record low of 454.00000 in January of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Wages for Employees in Private Establishments in Norwich-New London, CT (MSA) - last updated from the United States Federal Reserve on June of 2025.