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The average salary in City of London is £94,333, according to figures published by the ONS for 2021. Between 2020 and 2021, average salaries grew by £1,535. Compare average salaries by area.
City of London's salary growth rate is 1.65% per year based on changes in average salary between 2020 and 2021, which is 0.7% higher than the average salary growth rate in City of London over the past 9 years.
The average weekly hours worked in City of London is currently 38.2 hours. The average male works 37 hours per week and the average female works 38.9 hours per week - a 2.1-hour difference.
Salaries are mean averages of annual gross pay for full-time employees. Hours worked are mean averages of weekly hours worked by full-time employees
According to the figures published by the ONS for 2021, female wages in City of London average £65,495, and male wages averaged £112,257. Statistically, the average female earns £46,762 less than the average male, though this does not account for differences in hours worked.
Over the past 9 years, female and male salaries have average annual growth rates of 1.3% and 0.9% respectively.
Males on average make 71.4% more than females in City of London, though this does not account for differences in hours worked. After adjusting for the difference in hours worked, the gender pay gap in City of London is 81.2% - males in City of London earn 81.2% more per hour than females on average.
City of London population
City of London Economy
City of London House Prices
percentile | Female Hours | Male Hours | Female Salary | Male Salary |
---|---|---|---|---|
10th | £26,497 | £30,380 | ||
20th | £31,123 | £39,347 | ||
25th | £33,430 | £44,028 | ||
30th | £37,115 | £49,180 | ||
40th | £42,212 | £60,769 |
Salaries are mean averages of gross annual pay for full-time employees in City of London, reported by the ONS for 2020.
Rank | Area | Average Salary |
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Salaries are mean averages of gross annual pay for full-time employees in City of London, reported by the ONS for 2020.
Rank | Area | Average Salary |
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Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics