Salaries in City of London

Area selected: City of London

City of London

Average salary

£94,333

View trend

Average hours worked

38.2

View breakdown

Salary Growth

1.65%

View trend

Area type

London Borough

Population

10,938

Average male salary

£112,257

Average female salary

£65,495

Average male hours worked

Average female hours worked

Gender pay gap

81.2%

Salaries in City of London

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.

Compared to figures for England

City of London's average salary of £94,333 is 139.1% higher than England's national average salary of £39,452. City of London is the 1st london borough in England (of 33 total) when ordered by average salary.
City of London's salary growth rate of 1.65% is 1.4% lower than England's current average salary growth rate of 3.09%. City of London is the 6th london borough in England (of 33 total) when ordered by salary growth rate.
City of London's average weekly hours worked of 38 hours is 1 higher than England's which is 37 hours per week.

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

City of London salary trends by gender

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.

Population

10,938

City of London population

GDP

£ 71 billion

City of London Economy

Average property price

£840,302

City of London House Prices