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What Should I Be Earning?

15 November 2018
Besma Whayeb
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What Should I Be Earning? | In Demand by AdView

Do you know how much you should be earning, compared to your colleagues or your friends? With there being so much competition around jobs, promotions, and salary negotiations, it’s well worth finding out how you compare to the UK national average.

According to the Office for National Statistics (ONS), achieving financial stability between leaving school and into your 20’s is proving more difficult for many young people. Even rarer still are young people with savings set aside – almost 60% of 18 to 29 year-olds have no savings at all.

Salary & Savings Calculator for 18-29 year-olds

According to the Office for National Statistics, achieving financial stability between leaving school and into your 20’s is proving more difficult for many young people. Even rarer still are young people with savings set aside – over 50% of 22 to 29 year-olds have no savings at all.

With the below salary calculator, you’ll be able to compare how much you earn compared to others in your age group, as well as your living situation, savings, and debt.

If you’d like to compare your own savings, living arrangement, and financial security to the UK average, here are the figures you need:

  • The average salary for 18-29 year-olds in the UK is £20,563
  • The average living situation for 18-29 year-olds in the UK is rented accommodation
  • The average savings for 18-29 year-olds in the UK is £1,678
  • The average debt for 18-29 year-olds in the UK is -£1,900

Data taken from ONS, 2017.

Average UK Salary by Career

Want to compare how your salary compares to those in the same field of work as you? The ONS has also reported on the average salary for over 100 job titles – select yours from the list below:

How Did You Compare?

How did you compare to the UK average? If you’re under the national average, it may be time to ask for a raise or start your job search. Register as a jobseeker on the AdView site to get job alerts for the latest jobs first, save your favourite searches, and find your next job quickly.