Average Salary in United Kingdom 2024

This article provides an insightful overview of salary trends in the United Kingdom, exploring factors such as pay scale variations, wage gaps, yearly increments, and the breakdown of salaries based on education level or years of experience. Gain valuable insights into the nuances of the UK job market as we delve into the varying earning potentials across industries, the ever-present wage gap issue, and how salaries progress with time and educational achievements. Stay informed and discover the crucial elements that shape your earning potential in the UK.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in United Kingdom in 2024?

What is the average salary in United Kingdom in 2024?
52,000USD
(USD 4,400 monthly)
Low 23,400 USD
Average 52,000 USD
High 229,400 USD
The typical earnings in United Kingdom amount to around USD 52,000 per year. However, the salary spectrum extends from as low as USD 23,400 (lowest average) to as high as USD 229,400 (highest average, actual maximum salary is higher). Please note that this includes housing, transport, and other benefits. Salaries can vary greatly among different careers. If you are curious about the salary of a particular job, please see the information on specific job titles below.
In comparison with average salary in United Kingdom in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. The full comparison between 2023 and 2024 will be available by the year's end.

Pay Scale and Salaries in United Kingdom

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 229,400, 75% of the people earn USD 71,900 or less. 50% employees earn less USD 50,300 or less, 25% of the employees earn less than USD 37,700.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 229,400, 75% of the people earn USD 71,900 or less. 50% employees earn less USD 50,300 or less, 25% of the employees earn less than USD 37,700.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In United Kingdom the minimum salary is USD 23,400.

Median Salary

The median salary for United Kingdom is USD 41,100, depicting the middle point of all salaries in a dataset. This figure provides a more balanced view of income distribution and is commonly used to estimate average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In United Kingdom the salary ranges from USD 23,400 to USD 229,400.

Annual Salary Increments in United Kingdom

What is the average annual salary increment in the United Kingdom? How frequently do employees receive salary raises?

In 2024 the workforce in United Kingdom experienced approximately 0.7% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, United Kingdom recorded an average salary increment of around 0.7% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in United Kingdom

On an average, employees in United Kingdom have received a salary increase ranging from -1.0% to 6.4% per year in recent years. This translates to an average increment of 2.5% per year.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in United Kingdom over the past years ranged from -1.0% to 6.4%. On average, this represents a 2.5% increment per year.

Salary Forecast and Trends for the Future in United Kingdom

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.7%. Estimated range is between 1.5% and 4.1%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.7%. Estimated range is between 1.5% and 4.1%.

Gender Wage Gap in United Kingdom

What is the difference in pay between mens and womens? Men vs. women salary comparison.

In terms of wage disparity, United Kingdom experiences 14.5%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in United Kingdom is 14.5%.
It's due to many factors, such as:
  • Unequal treatment based on gender.
  • On average, women have 10% longer paid vacations than men each year.
  • Women are less likely than men to have a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • Women are generally more inclined to work part-time, with part-time workers typically earning less than full-time workers.
  • Compared to men, women have a higher likelihood of working in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Beyond financial rewards, pursuing a bachelor's degree fosters personal growth, critical thinking skills, and the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 13%-17% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 5%-9%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 13%-17% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of nearly 5%-9%. Expertise and leadership secure higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in United Kingdom

What is the average hourly wage in the United Kingdom?

Average Hourly Wage
25USD
Low 11 USD
Average 25 USD
High 112 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks normally attributed to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: Within the organization, a few hourly jobs may present limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in United Kingdom

What are the best paying jobs in United Kingdom?

List with best paid jobs in United KingdomDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs United Kingdom?

  1. Surgeon (USD 226,800)
  2. Doctor (USD 204,800)
  3. Chief Executive Officer (CEO) (USD 195,100)
  4. Registered Nurse Anesthetist (USD 190,400)
  5. Dentist (USD 182,100)
  6. Airline Pilot (USD 176,000)
  7. Intellectual Property Lawyer (USD 169,900)
  8. Marketing Manager (USD 150,200)
  9. Marketing Director (USD 150,200)
  10. Sales Director (USD 141,200)
  11. Sales Manager (USD 141,200)
  12. Petroleum Engineer (USD 139,900)
  13. Brand Manager (USD 136,800)
  14. Marketer (USD 136,800)
  15. Judge (USD 134,800)
  16. Treasurer (USD 132,700)
  17. Controller (USD 132,700)
  18. Pharmacist (USD 129,600)
  19. Tax Lawyer (USD 127,800)
  20. Lawyer (USD 127,800)
List with worst paid jobs in United KingdomDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs United Kingdom?

  1. Cashier (USD 24,500)
  2. Childcare Worker (USD 25,700)
  3. Stock clerk (USD 26,100)
  4. Elder Care Worker (USD 26,200)
  5. Receptionist (USD 27,200)
  6. Bartender (USD 29,600)
  7. Food and beverage server (USD 29,800)
  8. Janitor (USD 29,900)
  9. Waiter (USD 30,500)
  10. Tour Guide (USD 30,700)
  11. Customer Service Representative (USD 36,900)
  12. Hotel Concierge (USD 37,300)
  13. Rehabilitation Counselor (USD 37,800)
  14. Travel Agent (USD 41,000)
  15. Secretary (USD 42,200)
  16. Painter (USD 43,700)
  17. Carpenter (USD 45,200)
  18. Bus Driver (USD 46,200)
  19. Artist (USD 46,600)
  20. Truck Driver (USD 47,500)
List with best paid industries in United KingdomDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 144,800)
  2. Business and Management (USD 123,200)
  3. Marketing and Sales (USD 113,300)
  4. Engineering (USD 104,500)
  5. Law (USD 99,200)
  6. Accounting and Finance (USD 98,200)
  7. Computer and Information Technology (USD 96,300)
  8. Transportation and Logistics (USD 93,800)
  9. Science (USD 93,200)
  10. Education and Training (USD 77,200)
  11. Other (USD 57,200)
  12. Hospitality and Tourism (USD 47,900)
  13. Social Services (USD 39,300)
  14. Services (USD 35,800)