The lowest income areas were mostly urban areas in the Midlands, North West, North East, and Yorkshire and The Humber. These include Manchester, Birmingham and Nottingham — major UK cities with household income among the lowest in the country, even though their levels of productivity are closer to the national average.
Cities with lowest average gross weekly earnings in the United Kingdom (UK) 2019. This statistic shows the ten cities with the lowest average weekly gross wages in the United Kingdom (UK) in 2019. Residents of Southend had the lowest average weekly earnings in 2019, at 450 British pounds.
The list of cities with the highest UK salaries on average is dominated by the south, with the likes of Guildford, London, Reading, Oxford and more all included. However, Leeds and Edinburgh make the top 10. The research also looked at the best city to work in.
By downloading this data we can see that the part of the UK with the lowest salary is South Tyneside, where the median gross weekly earnings are £450.40.
In short, UK salaries tend to be lower than the UK due to a number of factors. These include pension benefits, holiday benefits, and, most significantly, healthcare and social welfare. In the UK, we pay higher taxes because a number of things in the UK are subsidised or free, such as healthcare.
When looking at take-home pay, the average net salary after tax is $4088.13/month (£2,224.76) in London and $4277.05/month (£2327.57) in Melbourne. The average net salary (after tax) is much higher in Sydney at $5043.59/month (£2,746.34), and in Perth at $4454.83/month (£2425.74).
Around 13% of people in the UK were in absolute low income before housing costs in 2021/22, and 17% were in absolute low income (absolute poverty) after housing costs. Over the longer-term, poverty rates have reduced since the late 1990s for children, pensioners, and working-age parents.
For workers looking for the highest earnings potential in 2023, then St Albans may be a good choice – as its average median full-time salary is 41% above the UK average at £46,551. The next highest-paying city is London, with an average salary of £39,391, followed by Cambridge, Milton Keynes, and Oxford.
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.
In the year ending March 2019, the average (median) annual household income in each quintile after housing costs were paid was: top quintile: £49,000. second highest quintile: £31,600. middle quintile: £23,300.
Milton Keynes, Oxford, York, St Albans, and Norwich are the top five cities for job opportunities, with high average salaries, good business density, and strong employment rate growth. Oxford is the best UK city for employment rate growth, up 16.4% from 2021 to 2022.
London stands out as the city in the UK where you can earn the most. The average salary in London is £33,970, significantly higher than the national average of £29,538. This is due to several factors, including the high concentration of high-paying jobs in London and the high cost of living.
Being as London is the capital city of the UK, it will probably come as no surprise to know that the average salary here is higher. in fact, by around 28%, with the average monthly disposable salary after tax in London being £1,961, versus that in Manchester of £1,411.
More Coverage. The eye-watering wealth on display in the report is a stark difference to most Australians' perception of what it takes to be considered rich. The Finder survey which asked 1000 people what it took to be rich and found that earning $336,516 per year was the magic number.
$100,000/year is above an average salary and if you're frugal enough, on $100,000/year, you should be able to live a good life and save some money too. Usually if you consider living in desirable locations of cities like Melbourne and Sydney, most of your income will be consumed in the house rents.
According to Expatistan, this means Australia is one of the most expensive places to live (ranked 10 out of 71). Generally, a higher cost of living means that basic expenses have become – well, expensive.
According to a recent study by Totaljobs, Edinburgh has the best quality of life in the country – ranking number one for work-life balance, happiness, access to affordable housing and short commute times (an average of 29 minutes).
GDP per capita of metropolitan counties in England 2021
The gross domestic product per capita of London was 56,431 British pounds in 2021, far larger than that of other major cities in England, such as Manchester which had a GDP per capita of 28,818 pounds.
The Minimum Income Standard identifies what incomes different households require to reach a minimum socially acceptable living standard. Households are considered to be below the UK poverty line if their income is 60% below the median household income after housing costs for that year.
In 2020/21, around one in five people in the UK (20%) were in poverty – 13.4 million people. Of these, 7.9 million were working-age adults, 3.9 million were children and 1.7 million were pensioners. Therefore, one in four children in the UK are living in poverty (27%).
The Bottom Line
The United Kingdom is the sixth largest economy in the world and a significant player in the world economy. Tourism, manufacturing, retail, and financial services all represent significant sources of income for this world-leading economy.