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 33.2 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 31,947 pounds in 2021, but for London it was 56,431 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 2021, for example, the average earnings in the historic City of London borough were 1,138 pounds per week, compared with 588 pounds in Redbridge, a borough in the North East of London. Wages finally catch up with inflation in 2023 After the initial economic disruption caused by the COVID-19 pandemic subsided, wages began to steadily grow in the UK. This reached a peak in June 2021, when weekly wages for regular pay were growing at 7.3 percent, or 5.2 percent when adjusted for inflation. By that November, however, prices began to rise faster than wage growth, with inflation surging throughout 2022. In October 2022, for example, while regular pay was growing by 6.1 percent, the inflation rate had surged to 11.1 percent, Although inflation peaked in that 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 has precipitated the worst Cost of Living Crisis in the UK for a generation.

The median annual earnings for full-time employees in the United Kingdom was approximately 37,430 British pounds in 2024, compared with 34,963 pounds in the previous year. At the start of the provided time period, in 1999, the average full-time salary in the UK was 17,803 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 2024 Between November 2021 and July 2023 inflation was higher than wage growth in the UK, with wages still outpacing inflation as of April 2024. 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 is forecast to fall to 2.2 percent in 2024, and 1.5 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.

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.

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 February 2025, employees in the United Kingdom were earning a median pay of 2,465 British pounds per month, compared with 2,474 in the previous month.

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

In 2024 men aged between 50 and 59 were the highest full-time earners in the United Kingdom among different gender and age groups, with men of different ages consistently earning more than women.

Mean and median average gross annual household income for Output Areas, Lower SOAs, Middle SOAs, Wards and Boroughs, London, 2011/12

This income data is unequivalised - that is it takes no account of average household size or composition within each area.

A full description of how the estimates were put together can be read in this GLA Intelligence Unit Update.

Download:

• Excel (all geographies included in single spreadsheet)

Or **Open: **

- Atlas (or click on image below)

These are experimental income estimates, which means that they are in the testing phase. Feedback is welcome with the intention that the model will be improved in future years if possible. Please send any comments to the Datastore email address.

This GLA Intellingence Update paper presents analysis of the headline findings of these data.

https://s3-eu-west-1.amazonaws.com/londondatastore-upload/Update6-income%20analysis%20screen.PNG" alt="">

In January 2025, the top one percent of earners in the United Kingdom received an average pay of 15,882 British pounds per month, compared with the bottom 10 percent of earners who earned 813 pounds a month.

United Kingdom Average Annual Household Income (AAHI): Gross data was reported at 66,060.000 GBP in 2023. This records a decrease from the previous number of 69,232.000 GBP for 2022. United Kingdom Average Annual Household Income (AAHI): Gross data is updated yearly, averaging 51,088.500 GBP from Dec 1978 (Median) to 2023, with 46 observations. The data reached an all-time high of 70,382.000 GBP in 2008 and a record low of 30,402.000 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.H078: Average Annual Household Income.

Gross weekly and hourly earnings by level of occupation, UK, quarterly, not seasonally adjusted. Labour Force Survey. These are official statistics in development.

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

New Earnings Survey (NES) and Annual Survey of Hours and Earnings (ASHE) percentile and median time series by full-time employees, full-time males and full-time females.

Average weekly earnings, UK, monthly.

FOCUSON**LONDON**2010:**INCOME**AND**SPENDING**AT**HOME**

Household income in London far exceeds that of any other region in the UK. At £900 per week, London’s gross weekly household income is 15 per cent higher than the next highest region. Despite this, the costs to each household are also higher in the capital. Londoners pay a greater amount of their income in tax and national insurance than the UK average as well as footing a higher bill for housing and everyday necessities. All of which leaves London households less well off than the headline figures suggest.

This chapter, authored by Richard Walker in the GLA Intelligence Unit, begins with an analysis of income at both individual and household level, before discussing the distribution and sources of income. This is followed by a look at wealth and borrowing and finally, focuses on expenditure including an insight to the cost of housing in London, compared with other regions in the UK.

See other reports from this Focus on London series.

REPORT:

To view the report online click on the image below. Income and Spending Report PDF

https://londondatastore-upload.s3.amazonaws.com/fol/fol10-income-cover-thumb1.png" alt="Alt text">

PRESENTATION:

This interactive presentation finds the answer to the question, who really is better off, an average London or UK household? This analysis takes into account available data from all types of income and expenditure. Click on the link to access.

PREZI

The Prezi in plain text version

RANKINGS: https://londondatastore-upload.s3.amazonaws.com/fol/fol10-income-tableau-chart-thumb.jpg" alt="Alt text">

This interactive chart shows some key borough level income and expenditure data. This chart helps show the relationships between five datasets. Users can rank each of the indicators in turn.

Borough rankings Tableau Chart

MAP:

These interactive borough maps help to geographically present a range of income and expenditure data within London.

Interactive Maps - Instant Atlas

DATA:

All the data contained within the Income and Spending at Home report as well as the data used to create the charts and maps can be accessed in this spreadsheet.

Report data

FACTS:

Some interesting facts from the data…

● Five boroughs with the highest median gross weekly pay per person in 2009:

-1. Kensington & Chelsea - £809

-2. City of London - £767

-3. Westminster - £675

-4. Wandsworth - £636

-5. Richmond - £623

-32. Brent - £439

-33. Newham - £422

● Five boroughs with the highest median weekly rent for a 2 bedroom property in October 2010:

-1. Kensington & Chelsea - £550

-2. Westminster - £500

-3. City of London - £450

-4. Camden - £375

-5. Islington - £360

-32. Havering - £183

-33. Bexley - £173

● Five boroughs with the highest percentage of households that own their home outright in 2009:

-1. Bexley – 38 per cent

-2. Havering – 36 per cent

-3. Richmond – 32 per cent

-4. Bromley – 31 per cent

-5. Barnet – 28 per cent

-31. Tower Hamlets – 9 per cent

-32. Southwark – 9 per cent

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

Wages in the United Kingdom decreased to 711 GBP/Week in January from 712 GBP/Week in December of 2024. This dataset provides - United Kingdom Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.