Employee earnings in the UK: 2022 Median weekly pay for full-time employees was £640 in April 2022, which is a 5.0% increase over the £610 in 2021. In real terms (that is, adjusted for inflation) in April 2022, median weekly pay for full-time employees fell by 2.6% on the year.
The ONS tells us that in April 2022, median weekly earnings for full-time employees went up by 5 per cent compared to the previous year, meaning that the average person took home £640 per week, or approximately £33,280 p.a. But, adjusted for inflation, it's still 2.6 per cent lower than that year.
High and low-income earners in the UK in 2022
Therefore, high-income earners make a gross income of £45,504 per annum, while low-income earners make a gross income of £20,160 per annum.
Earning a 50k salary in the UK can generally be considered a good income that allows for a comfortable lifestyle. It provides the means to cover living costs, including housing, utilities, transportation, and leisure activities. Additionally, it allows for saving towards long-term goals and financial security.
top quintile: £54,000. second highest quintile: £35,700. middle quintile: £26,800. second lowest quintile: £20,500.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
Is 100k a year middle class? It's important to note that no official amount makes you into a class, it's a purely personal judgement, but £100,000 yearly is undoubtedly an excellent wage. If you were to judge by salary, then 100k a year would see you by some as middle class and, in other cases, even upper class.
According to the Institute for Government, just 1,560 of the 456,410 civil servants earned more than £100,000 in 2020.
Earning a 100k salary in the UK is generally considered a good income that provides the means to cover living costs, housing expenses, and save for the future.
Earning a 60k salary in the UK can generally be considered a good income that allows for a comfortable lifestyle. It provides the means to cover living costs, including housing, utilities, transportation, and leisure activities. Additionally, it allows for saving towards long-term goals and financial security.
The average annual salary in Australia is $68,900 and $35.30 per hour. It is just the average salary for basic workers but skilled and experienced workers also earn around $108,980 annually. The average salary also varies depending on the field of work and the job role of workers.
What is a good salary in the UK? Between £2,500 and £3,000 is considered to be an ideal monthly net income in the UK. That salary could support a comfortable life in a city, including a two-bedroom flat, entertainment and leisure.
£120,000 is the 'best' it gets
Despite the logarithmic relationship between money and happiness, there is a caveat. Research has shown that you might be wasting your time trying to constantly double your salary – well at least above £120K.
You cannot work more than 48 hours a week on average - normally averaged over 17 weeks. This law is sometimes called the 'working time directive' or 'working time regulations'. You can choose to work more by opting out of the 48-hour week. If you're under 18, you cannot work more than 8 hours a day or 40 hours a week.
in 2021, the average hourly pay for all employees was £13.57 – it was £13.00 in 2020, and £10.54 in 2013. employees from the white Irish ethnic group had the highest hourly pay out of all ethnic groups in 2021 (£18.14) employees from the combined Pakistani and Bangladeshi ethnic group had the lowest (£12.03)
The national living wage is usually stated as an hourly rate – currently £10.42 – because annual pay will depend on how many hours are worked. But for someone working a full-time job at a 35-hour working week, gross income would work out at about £19,000 per year before tax or pension deductions.
In March 2023 the top one percent of earners in the United Kingdom received an average pay of 16,754 British pounds per month, compared with the bottom 10 percent of earners who earned 711 pounds.
The cost of living in the city, particularly housing and transportation expenses, tends to be higher compared to other regions in the UK. Taking into account these factors, a salary range of £50,000 to £60,000 per year can be considered a good salary that allows for a comfortable standard of living in London.
When it comes to annual income, a salary of £80,000 would put someone firmly in the top 5% of UK earners. According to HMRC taxpayer data from 2016-17, the 95th percentile of earnings began at £75,300. If this has gone up in line with other earnings growth, it will be just over £80,000 this year.
Those in possession of a hereditary title (for example, a dukedom, a marquessate, an earldom, a viscountcy, a barony, a baronetcy, or a Scottish lordship of parliament) are typically members of the upper class, while those in possession or right to a coat of arms are typically at least members of the upper middle class ...
UK. a social group that consists of well-educated people, such as doctors, lawyers, and teachers, who have good jobs and are not poor, but are not very rich: The upper middle class tend to go into business or the professions, becoming, for example, lawyers, doctors, or accountants. Compare. lower class old-fashioned.
On a £100,000 salary, your take home pay will be £65,600 after tax and National Insurance. This equates to £5,467 per month and £1,262 per week.
Data on the average annual gross salary percentiles in the United Kingdom in 2022showed that the bottom ten percent of full-time workers earned an average of 19,403 British pounds a year, with the top ten percent of workers earning around 62,583 pounds a year.
'By any measure, £150k is a very high salary. No it doesn't make anyone a millionaire, but it does make them really really quite rich. ' @hammer_mo defended Parsons' comments, saying: 'If you call people that can afford food and warmth "rich" then those on 150k probably are "super rich".