Salaries in Inner London

Area selected: Inner London

Inner London

Average salary

£60,464

View trend

Average hours worked

37.5

View breakdown

Salary Growth

-4.52%

View trend

Area type

Metropolitan County

Population

3,660,232

Average male salary

£70,086

Average female salary

£47,821

Average male hours worked

Average female hours worked

Number of jobs

1,022,000

Job density

0.4

Gender pay gap

46.2%

Salaries in Inner London

The average salary in Inner London is £60,464, according to figures published by the ONS for 2021. Between 2020 and 2021, average salaries fell by £2,860. Compare average salaries by area.

Inner London's salary growth rate is -4.52% per year based on changes in average salary between 2020 and 2021, which is 5.4% lower than the average salary growth rate in Inner London over the past 9 years.

The average weekly hours worked in Inner London is currently 37.5 hours. The average male works 38 hours per week and the average female works 37.4 hours per week - a 0.1-hour difference.

In Inner London, the highest average wages are found in City Of London where the average salary is £94,333 and the lowest average wages are found in Haringey where the average salary is £34,639. The difference in average salary between the two areas is £59,694 - the average person in City Of London earns 172.3% more than the average person in Haringey.

There are 1,022,000 jobs in Inner London which has a working-age (aged 16-65) population of 2,600,985, according to figures published by the ONS for 2019. The 2019 job density in Inner London is 0.4, meaning there are 0.4 jobs per member of the Inner London working-age population.

Compared to figures for England

Inner London's average salary of £60,464 is 53.3% higher than England's national average salary of £39,452. Inner London is the 1st metropolitan county in England (of 8 total) when ordered by average salary.
Inner London's salary growth rate of -4.52% is 7.6% lower than England's current average salary growth rate of 3.09%. Inner London is the 8th metropolitan county in England (of 8 total) when ordered by salary growth rate.
Inner 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

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Inner London salary trends by gender

According to the figures published by the ONS for 2021, female wages in Inner London average £47,821, and male wages averaged £70,086. Statistically, the average female earns £22,265 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 0.7% respectively.

Males on average make 46.6% more than females in Inner London, though this does not account for differences in hours worked. After adjusting for the difference in hours worked, the gender pay gap in Inner London is 46.2% - males in Inner London earn 46.2% more per hour than females on average.

Population

3,660,232

Inner London population

GDP

£ 335 billion

Inner London Economy

Average property price

£858,263

Inner London House Prices

Inner London salary and hours worked percentiles

The top 10% of earners in Inner London earn at least a £103,241 and work at least 42 hours per week.

The bottom 10% (percentile 1) of earners in Inner London earn an average income of £23,000 and work 35 hours per week on average. That's £80,241 less per year than the top 10%, and 8 hours less per week.