London average salary comparison
The average salary in London is £60.5k. The UK average salary was £42.2k in 2023. Gross average salary is calculated for full-time employees. Employee has to be in the same job for over 12 months. The data collected is Tax Year Ending. The income includes incentive payments and are available for local government districts/counties.| Region | Average salary in 2023 |
|---|
| South West | £38.4k |
| East of England | £40.5k |
| United Kingdom | £42.2k |
| South East | £42.3k |
| London | £60.5k |
London average salary comparison by sex
The average salary for female in London is £51.6k. The UK average salary for female was £37.2k in 2023. The average salary for male in London is £67.2k. The UK average salary for male was £45.6k in 2023.| Region | Female average salary, 2023 | Male average salary |
|---|
| South West | £33.8k | £41.3k |
| East of England | £34.9k | £43.9k |
| United Kingdom | £37.2k | £45.6k |
| South East | £36.7k | £46.1k |
| London | £51.6k | £67.2k |
London median salary comparison
The median salary in London is £44.4k. The UK median salary was £35.0k in 2023.| Region | Median salary in 2023 |
|---|
| South West | £33.5k |
| East of England | £34.8k |
| United Kingdom | £35.0k |
| South East | £36.6k |
| London | £44.4k |
London median salary comparison by sex
The median salary for female in London is £40.4k. The UK median salary for female was £31.7k in 2023. The median salary for male in London is £47.9k. The UK median salary for male was £37.4k in 2023.| Region | Female median salary in 2023 | Male median salary |
|---|
| South West | £29.5k | £35.8k |
| East of England | £31.0k | £37.5k |
| United Kingdom | £31.7k | £37.4k |
| South East | £32.1k | £39.8k |
| London | £40.4k | £47.9k |
London unemployment rate comparison
The unemployment rate in London is 4.8%. The UK unemployment rate was 3.7% in 2023.| Region | Unemployment rate in 2023 |
|---|
| South West | 2.5% |
| South East | 3.3% |
| United Kingdom | 3.7% |
| East of England | 3.8% |
| London | 4.8% |
London house price to earnings ratio
The median property price to median earnings ratio in London is 13.3. Ie. London resident with middle-income needs 13.3 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 8.16 in 2022.| Region | Median house price to median salary ratio in 2022 |
|---|
| England and Wales | 8.16 |
| South West | 9.3 |
| East of England | 9.6 |
| South East | 10.4 |
| London | 13.3 |
London net household income map
Map shows the net average household income in 2020 by middle layer super output area (MSOA). The lowest average net household income was in Havering 004, with £28.0k. The area with the highest average net income was Westminster 019, with £67.0k. Median income was £42.1k - i.e. half of the areas had income equal or above £42.1k. Median income for England and Wales was 34.5k ( the lowest income was in Middlesbrough 001, £19.3k, the highest in Westminster 019, £67.0k).
| The lowest income | £28.0k |
| The median income | £42.1k |
| The highest income | £67.0k |
London working age population share
2020 population estimates.
36.7
London
average age40.4
England & Wales
average age
| age group | head-count | % share of population | % for Eng & Wales |
|---|
| 0-15 | 1.9M | 20.6% | 19.1% |
| 16-64 | 6.1M | 67.2% | 62.2% |
| 65+ | 1.1M | 12.2% | 18.6% |
Other reports for London region
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