South West average salary comparison
The average salary in South West is £38.4k. 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 |
|---|
| Wales | £35.8k |
| East Midlands | £36.6k |
| South West | £38.4k |
| West Midlands | £38.9k |
| United Kingdom | £42.2k |
| South East | £42.3k |
| London | £60.5k |
South West average salary comparison by sex
The average salary for female in South West is £33.8k. The UK average salary for female was £37.2k in 2023. The average salary for male in South West is £41.3k. The UK average salary for male was £45.6k in 2023.| Region | Female average salary, 2023 | Male average salary |
|---|
| Wales | £32.7k | £38.0k |
| East Midlands | £32.1k | £39.5k |
| South West | £33.8k | £41.3k |
| West Midlands | £34.6k | £41.8k |
| United Kingdom | £37.2k | £45.6k |
| South East | £36.7k | £46.1k |
| London | £51.6k | £67.2k |
South West median salary comparison
The median salary in South West is £33.5k. The UK median salary was £35.0k in 2023.| Region | Median salary in 2023 |
|---|
| East Midlands | £31.6k |
| Wales | £32.4k |
| West Midlands | £33.0k |
| South West | £33.5k |
| United Kingdom | £35.0k |
| South East | £36.6k |
| London | £44.4k |
South West median salary comparison by sex
The median salary for female in South West is £29.5k. The UK median salary for female was £31.7k in 2023. The median salary for male in South West is £35.8k. The UK median salary for male was £37.4k in 2023.| Region | Female median salary in 2023 | Male median salary |
|---|
| East Midlands | £27.9k | £34.0k |
| Wales | £29.9k | £34.1k |
| West Midlands | £29.5k | £35.5k |
| South West | £29.5k | £35.8k |
| United Kingdom | £31.7k | £37.4k |
| South East | £32.1k | £39.8k |
| London | £40.4k | £47.9k |
South West unemployment rate comparison
The unemployment rate in South West is 2.5%. The UK unemployment rate was 3.7% in 2023.| Region | Unemployment rate in 2023 |
|---|
| South West | 2.5% |
| South East | 3.3% |
| East Midlands | 3.5% |
| United Kingdom | 3.7% |
| Wales | 3.8% |
| West Midlands | 4.5% |
| London | 4.8% |
South West house price to earnings ratio
The median property price to median earnings ratio in South West is 9.3. Ie. South West resident with middle-income needs 9.3 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 |
|---|
| Wales | 6.2 |
| West Midlands | 7.2 |
| East Midlands | 7.3 |
| England and Wales | 8.16 |
| South West | 9.3 |
| South East | 10.4 |
| London | 13.3 |
South West 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 Cornwall, with £32.6k. The area with the highest average net income was Wiltshire, with £38.2k. Median income was £36.1k - i.e. half of the areas had income equal or above £36.1k. 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 | £32.6k |
| The median income | £36.1k |
| The highest income | £38.2k |
South West working age population share
2020 population estimates.
42.8
South West
average age40.4
England & Wales
average age
| age group | head-count | % share of population | % for Eng & Wales |
|---|
| 0-15 | 994k | 17.6% | 19.1% |
| 16-64 | 3.4M | 60.0% | 62.2% |
| 65+ | 1.3M | 22.4% | 18.6% |
Other reports for South West region
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