London is meant to be the land the place streets are paved with gold, or no less than that is what Dick Whittington claimed.
However is that basically true? Everyone knows the price of dwelling within the capital is fairly excessive, however are salaries larger too?
And which components of London are the wealthiest?
HM Income and Customs’ most up-to-date information on what we earn comes from the tax yr 2017 to 2018 and based on them, the mathematical common wage in London is a tidy £43,500 per yr for workers and £43,200 for the self-employed.
However London has some very excessive earners and a few pretty low earners, which makes the imply figures above a much less dependable determine for what the common Londoner earns.
Fortunately HMRC additionally supplies median figures, which present what the middle-of-the-pack Londoner earns, and it’s dramatically much less.
Throughout London, the median earnings is £27,300 for workers and £16,300 for the self-employed.
The distinction between the imply and the median reveals there’s a enormous vary of salaries, which push approach into the highest finish.
But when it helps, we’ve got the second-highest median earnings within the nation, with our southern neighbours within the county of Surrey edging us out by £400 a yr, to earn £27,700.
Inside each London and England, the Metropolis has the best incomes workers, grossing a median of £53,200, nearly twice the London-wide determine.
Workers dwelling in Brent carry dwelling the smallest paychecks, with an annual median earnings of £22,800. Barking and Dagenham residents earn slightly extra at £23,500, whereas Newham earns slightly extra once more at £24,000.
The desk beneath ranks each London borough by the common worker earnings from lowest to highest.
|32||Barking and Dagenham||£23,500||£18,100|
|9||Hammersmith and Fulham||£30,300||£15,900|
|3||Kensington and Chelsea||£33,700||£17,500|
|1||Metropolis of London||£53,200||£64,200|
Author: " -- www.mylondon.news "