London average salary

Ellen Scott: ‘£70K is by definition “rich”, simply because it’s more than double the average wage in the UK . ‘On £70K you can afford to rent or buy. You’re able to cover all the basics (food, bills, clothing) without worrying, and likely buy some luxuries as well.

£30,000 puts you into the top 60% of earners in the UK. So comparatively it is a good salary . The problem is cost of living is high so that £30,000 isn’t going to go very far. Next £6000 of that is going to go to income tax and NIC.

According to the ONS, in 2020 the average UK salary was £38,600 for a full-time role and £13,803 for part-time role . This is an increase from their 2019 figures, which placed the average UK wage for a full-time role at £36,611 and part-time at £12,495.8 Mar 2022

In 2021, the average salary for the UK was £25,971 an increase of 0.3% compared to 2020. Separate HMRC data shows that the average UK salary at the start of 2022 was £24,600, a 6.3% increase YoY (Jan vs Jan). The average full-time salary in the UK fell 0.6% to £31,285 in 2021 when compared to 2020.