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.

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 2023/24, compared with the top decile which earned around ******* pounds per year.

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.

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

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

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.

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.

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

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

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.

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.

Main tables from the Effects of taxes and benefits on household income publication from 1977, including average incomes, taxes and benefits and household characteristics of all, retired and non-retired households in the UK by quintile and decile groups.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in England. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in England. 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 2023

In terms of income distribution across age cohorts, in England, householders within the 45 to 64 years age group have the highest median household income at $62,083, followed by those in the 25 to 44 years age group with an income of $46,694. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $35,125. Notably, householders within the under 25 years age group, had the lowest median household income at $25,000.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 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 2023 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 England median household income by age. You can refer the same here