South West average salary comparison
The average salary in South West is £34.2k. The UK average salary is £38.6k in 2020. 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.| Area | Average salary in 2020 |
|---|
| Wales | £31.5k |
| South West | £34.2k |
| East Midlands | £34.2k |
| West Midlands | £35.5k |
| United Kingdom | £38.6k |
| South East | £39.4k |
| London | £55.9k |
South West average salary comparison by sex
The average salary for female in South West is £29.9k. The UK average salary for female is £33.3k in 2020. The average salary for male in South West is £36.8k. The UK average salary for male is £42.2k in 2020.| Area | Female average salary, 2020 | Male average salary |
|---|
| Wales | £29.0k | £33.4k |
| South West | £29.9k | £36.8k |
| East Midlands | £29.0k | £37.3k |
| West Midlands | £30.1k | £39.0k |
| United Kingdom | £33.3k | £42.2k |
| South East | £33.3k | £43.4k |
| London | £45.5k | £63.6k |
South West median salary comparison
The median salary in South West is £29.5k. The UK median salary is £31.5k in 2020.| Area | Median salary in 2020 |
|---|
| Wales | £28.1k |
| East Midlands | £29.1k |
| West Midlands | £29.5k |
| South West | £29.5k |
| United Kingdom | £31.5k |
| South East | £33.0k |
| London | £41.0k |
South West median salary comparison by sex
The median salary for female in South West is £26.0k. The UK median salary for female is £28.0k in 2020. The median salary for male in South West is £31.8k. The UK median salary for male is £33.9k in 2020.| Area | Female median salary, 2020 | Male median salary |
|---|
| Wales | £26.3k | £29.5k |
| East Midlands | £24.7k | £32.0k |
| West Midlands | £26.3k | £32.0k |
| South West | £26.0k | £31.8k |
| United Kingdom | £28.0k | £33.9k |
| South East | £28.3k | £36.3k |
| London | £35.8k | £45.2k |
South West unemployment rate comparison
The unemployment rate in South West is 3.8%. The UK unemployment rate is 3.9% in 2020.| Area | Unemployment rate in Q3/2019 - Q2/2020 |
|---|
| South East | 3.4% |
| South West | 3.8% |
| Wales | 3.8% |
| United Kingdom | 3.9% |
| East Midlands | 4.5% |
| West Midlands | 4.6% |
| London | 5.1% |
South West house price to earnings ratio
The median property price to median earnings ratio in South West is 8.6. Ie. South West resident with middle-income needs 8.6 gross annual salaries to buy a medium-priced property. The England and Wales ratio is 7.7 in 2020.| Area | Median house price to median salary ratio in 2019 |
|---|
| Wales | 5.7 |
| East Midlands | 6.7 |
| West Midlands | 6.9 |
| England and Wales | 7.7 |
| South West | 8.6 |
| South East | 9.7 |
| London | 12.8 |
South West net household income map
Map shows the net average household income in 2016 by middle layer super output area (MSOA). The lowest average net household income was in Cornwall, with £28.3k. The area with the highest average net income was Wiltshire, with £34.9k. Median income was £31.3k - i.e. half of the areas had income equal or above £31.3k. Median income for England and Wales was 31.9k ( the lowest income was in Leeds 086, £16.8k, the highest in Tower Hamlets 033, £93.8k).
| Name | Net income |
|---|
| lowest | Cornwall | £28.3k |
| median | | £31.3k |
| highest | Wiltshire | £34.9k |
South West relative housing costs map
The map below shows housing costs share of net household income in 2016. The higher the share of income costs the darker the displayed color. An equivalisation scale and different models for income before housing costs and after housing costs may result in a few inconsitencies. Although there are some inconsistencies, it does not change significantly the overall picture of area comparison.
South West working age population share
2019 population estimates.
42.6
South West
average age40.3
England & Wales
average age
| age group | head-count | % share of population | % for Eng & Wales |
|---|
| 0-15 | 992k | 17.6% | 19.1% |
| 16-64 | 3.4M | 60.1% | 62.3% |
| 65+ | 1.3M | 22.3% | 18.5% |
Other reports for South West region
