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.

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

Key information about UK Household Income per Capita

• United Kingdom Annual Household Income per Capita reached 34,805.008 USD in Dec 2023, compared with the previous value of 36,168.598 USD in Dec 2022.
• UK Annual Household Income per Capita data is updated yearly, available from Dec 1996 to Dec 2023, with an averaged value of 38,694.697 USD.
• The data reached an all-time high of 56,270.561 USD in Dec 2007 and a record low of 27,377.030 USD in Dec 1996.
• In the latest reports, Retail Sales of UK dropped 2.090 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Average Household Income and Average Household Size and converts it into USD. Office for National Statistics provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions.

Households in the bottom decile in the United Kingdom earned, on average, ****** British pounds per year in 2022/23, compared with the top decile which earned ******* pounds per year.

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.

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

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.

In 2022/23 the mean disposable income per household in the United Kingdom was ****** British pounds, while the median disposable income for households was ****** pounds

Provisional estimates of income and inequality measures for financial year ending 2018, alongside historical data.

This article studies the median income of UK households from 1977 to 2011/12.

Source agency: Office for National Statistics

Designation: National Statistics

Language: English

Alternative title: Median Household Income

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

As of 2021, households in the United Kingdom where the head of the household was of an other ethnic background had the highest proportion of household income earning more than ***** pounds a week, at ** percent.

Households Below Average Income anonymised UK Data Archive End User Licence. The data is used to produce the latest annual estimates of the percentage of children, working-age adults and pensioners living in relative and absolute low income, together with statistics on children living in combined low income and material deprivation, and pensioners living in material deprivation, in 2011/12. Historic data are available. For general information : https://www.gov.uk/government/organisations/department-for-work-pensions/series/households-below-average-income-hbai--2

In 2023, the highest average amount of disposable income for any age group occurred in the 35 to 44-year-old group, while the age group with the lowest average disposable income were those aged 85 and over.