What is the average salary in the UK?
Written by: Sally March
If you are wondering whether you are earning below the average or getting paid enough, the information provided in this article will help you in answering that question.
So, what is the average salary in the UK?
According to the Office of National Statistics, new figures show an average salary in the UK for more than 400 job roles, from artists to gardeners, marketing managers and sales to IT technicians.
Their yearly survey demonstrated that an average salary in the country for women and men combined was £29,009, including both part-time and full-time workers. More specifically, an average salary of full-time workers is £35,423. As for an average salary of part-time workers, it is £12,083.
However, based on the recent update, the average of full-time salaries was £36,611 while the average of part-time salaries was £12,495.
Who Is Earning The Most?
It shouldn’t come across as a surprise that officials, senior managers as well as directors earn the highest salaries, earning the average full-time job salary of £58.
As for the lowest paying industries, they include the workers working in leisure and care who earn the average full-time salary of £19k.
Other sectors differ in payment depending on the individual’s job role as well as qualification. For example, in the healthcare sector, the average salaries typically fluctuate between £23,000 and £79,000 which depends on a job role, with nurses earning £32,338, radiographers £34,592, paramedics £36,697 and midwives £35,348.
Furthermore, the ONS reported that average salaries in the UK keep increasing as year on year, people start to earn on average 2.5% more. This was the case before the financial crash that occurred in 2008 during which the average UK salary across the board decreased by -2.5%.
Average Salary In The UK by Age
Do you want to know whether or not you are earning enough money for your age?
Based on the data from the ONS, you should try benchmarking your average salary against other people from the same age and gender group in order to find out if you are earning less or more than you should be.
In the late teens and also in early twenties, an average salary for both women and men is £16,771 each year.
In twenties, an average salary for women and men is £26,778 each year.
In thirties, an average salary for men as well as women consists of £36,983 each year.
In forties, an average salary for both women and men is £41,789 each year.
In fifties, an average salary for women and men is £39,435 each year.
In sixties as well as beyond, an average salary for men as well as women consists of £34,200 each year.
From thirties, the averages for both women and men top £30,000 every year which sits around an average salary in the UK – £35,423. But keep in mind that the figures for men and women may differ due to the 13.7% gender pay gap existing because of the full-time salaries between both men and women.
As for the average UK Salary of the part-time workers by age, in the late teens as well as early twenties, an average salary for men and women consists of £6,245 every year.
In twenties, an average salary for men and women consists of £10,758 every year.
In the thirties, an average salary for men and women is £13,875 every year.
In forties, an average salary for men as well as women is £13,958 every year.
In fifties, an average salary for men and women is £13,310 every year.
In sixties as well as beyond, an average salary for men and women is £11,772 every year.
As for the top 25 jobs and their full-time average salary, it looks like the following;
IT Technicians earn £31,731
Administrator earns £25,050
Construction Project Manager earns £40,549
Business/Corporate Project Manager earns £58,478
Police Officer earns £26,605
Education Support Assistant earns £16,700
Business Development Manager earns £52,500
Labourer earns £28,237
Receptionist earns £17,808
Sales Executive earns £26,302
Account Manager earns £52,500
Quantity Surveyor earns £42,511
Care Assistant earns £18,255
Chef earns £21,282
Managers earn £58,862 (but it can differ based on your field)
Nurse earns £32,338
Electrician earns £31,277
Doctor earns £41,494
Lawyer earns £63,771
Writer earns £33,887
Teacher earns £39,388
Business Analyst earns £49,079
Finance Professionals earn £42,578
Customer Service Advisor earns £21,494
Engineer earns £43,628
Although the average salary throughout the UK seems to be a very adequate salary when compared to the average salaries of other countries, in places such as London, the cost of living is one of the highest in the world. London also has the highest rate of people that apply for short term finance such as payday loans throughout the UK. Research carried out by UK direct lender Lucky loans pinpoints London as the payday loan capital of the UK and has estimated that as much of 30% of London residents rely on payday loans in order to make it through to their next payday.