Watford average salary comparison
The average salary is ranging between £38.3k in Watford and £44.9k in Hertsmere. The UK average salary was £40.0k in 2022. 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 data was published in October 2022. The income includes incentive payments and are available for local government districts/counties.| Local authority | Average salary in 2022 |
|---|
| Watford | £38.3k |
| United Kingdom | £40.0k |
| Hertsmere | £44.9k |
Watford average salary comparison by sex
The average salary for female is ranging between £36.6k in Watford and £36.6k in Hertsmere. The UK average salary for female was £35.0k in 2022. The average salary for male is ranging between £40.2k in Watford and £49.6k in Hertsmere. The UK average salary for male was £43.3k in 2022.| Local authority | Female average salary, 2022 | Male average salary |
|---|
| Watford | £36.6k | £40.2k |
| United Kingdom | £35.0k | £43.3k |
| Hertsmere | £36.6k | £49.6k |
Watford median salary comparison
The median salary is ranging between £28.7k in Watford and £38.0k in Hertsmere. The UK median salary was £33.0k in 2022.| Local authority | Median salary in 2022 |
|---|
| Watford | £28.7k |
| United Kingdom | £33.0k |
| Hertsmere | £38.0k |
Watford median salary comparison by sex
The median salary for female is ranging between £28.8k in Watford and £34.7k in Hertsmere. The UK median salary for female was £29.7k in 2022. The median salary for male is ranging between £28.3k in Watford and £40.7k in Hertsmere. The UK median salary for male was £35.3k in 2022.| Local authority | Female median salary in 2022 | Male median salary |
|---|
| Watford | £28.8k | £28.3k |
| United Kingdom | £29.7k | £35.3k |
| Hertsmere | £34.7k | £40.7k |
Watford unemployment rate comparison
The unemployment rate is ranging between 2.9% in Three Rivers and 4% in Watford. The UK unemployment rate was 3.8% in 2022.| Local authority | Unemployment rate in 2022 |
|---|
| Three Rivers | 2.9% |
| United Kingdom | 3.8% |
| Hertsmere | 3.8% |
| Watford | 4% |
Watford house price to earnings ratio
The median property price to median earnings ratio is ranging between 12.2 in Watford and 16.4 in Hertsmere. Ie. Watford resident with middle-income needs 12.2 gross annual salaries to buy a medium-priced property. Resident in Hertsmere needs 16.4 annual salaries. The England and Wales ratio was 8.16 in 2022.| Local authority | Median house price to median salary ratio in 2022 |
|---|
| England and Wales | 8.16 |
| Watford | 12.2 |
| Three Rivers | 15 |
| Hertsmere | 16.4 |
Watford 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 Watford 010, with £33.5k. The area with the highest average net income was Three Rivers 005, with £54.8k. Median income was £42.0k - i.e. half of the areas had income equal or above £42.0k. 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 | Watford 010 | £33.5k |
| median | | £42.0k |
| highest | Three Rivers 005 | £54.8k |
Watford 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.
Watford working age population share
2020 population estimates.
39.2
Watford
average age40.4
England & Wales
average age
| age group | head-count | % share of population | % for Eng & Wales |
|---|
| 0-15 | 59.0k | 21.6% | 19.1% |
| 16-64 | 170k | 62.2% | 62.2% |
| 65+ | 44.4k | 16.3% | 18.6% |
Other reports for Watford postcode area
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