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What is the Average UK Salary in 2018?
How much is everyone getting paid? Well, we’re here to tell you just that! The average salary data for the UK in 2018 has been released by the Office of National Statistics (ONS), and we’ve taken a look at how this year’s wages have changed compared to past years, as well as the best careers to be in.
What are the average weekly earnings in the UK?
In 2018, average weekly earnings in the UK rose to £569 before tax, or £452 after tax.
The average weekly earning is 3.5% higher than that of 2017, showing an increase of £19 per week on average. It’s important to note that this increase includes inflation – when adjusted for inflation, weekly earnings rose 1.2%.
Interestingly, this is the first year that full-time wages rose by a larger percentage than part-time wages since 2012. We’re wondering if this indicates better full-time job opportunities going forwards?
What is the average salary in the UK?
The average salary for the UK workforce in 2018 is £29,588 before tax, or £23,500 after tax. (We calculated this figure based on the weekly earnings report from the ONS).
This pales in comparison to the UK’s highest paid jobs, which range from £53k to £97k per year before tax.
What is the average salary for local jobs in my area?
It’s important to note that the average salary is affected by job location, too. It’s no surprise that the City of London comes in highest, but how does your local area compare?
Use the below infographic to find your location and see how your salary measures up to your neighbours’.
What is the average pay rise year-on-year for employees in the UK?
For employees in continuous employment in the UK, weekly earnings grew by 5.2% compared to 2017. This shows that the average pay rise across the UK is just over 5% for employees who stay loyal to their employer.
In contrast, the UK average for weekly earnings growth is just 3.5%, meaning it may pay to stick with an employer (given that you’ll receive a bonus or company-wide pay increase). If not, perhaps it’s time to ask for a raise?
What are the average working hours in the UK?
Do you work more than the average Brit? The average working hours affect the value of our wages and salaries – and it affects both full-time and part-time workers alike.
In full-time jobs, the average number of paid hours were 39.2 hours per week. This shows there is not much change – in fact, as a nation we’ve worked around 39 hours per week for the last 20 years.
In part-time jobs, the average number of paid hours were 18.0 hours per week. This is a big drop from 18.3 hours per week in 2017, which equates to over one missed hour of paid work every month. Perhaps freelancing isn’t as appealing as it’s made out to be?