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The average salary in London is £57,362, according to figures published by the ONS for 2022. Between 2021 and 2022, average salaries grew by £3,645. Compare average salaries by area.
London's salary growth rate is 6.79% per year based on changes in average salary between 2021 and 2022, which is 4.8% higher than the average salary growth rate in London over the past 10 years.
The average weekly hours worked in London is currently 38.2 hours. The average male works 39 hours per week and the average female works 37.4 hours per week - a 1.4-hour difference.
In London, the highest average wages are found in Inner London where the average salary is £65,863 and the lowest average wages are found in Outer London where the average salary is £40,469. The difference in average salary between the two areas is £25,394 - the average person in Inner London earns 62.7% more than the average person in Outer London.
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 2022, female wages in London average £48,838, and male wages averaged £63,715. Statistically, the average female earns £14,877 less than the average male, though this does not account for differences in hours worked.
Over the past 10 years, female and male salaries have average annual growth rates of 2.8% and 1.4% respectively.
Males on average make 30.5% more than females in London, though this does not account for differences in hours worked. After adjusting for the difference in hours worked, the gender pay gap in London is 25.8% - males in London earn 25.8% more per hour than females on average.
London population
London Economy
London House Prices
percentile | Female Hours | Male Hours | Female Salary | Male Salary |
---|---|---|---|---|
10th | 33.5 | 35.0 | £20,972 | £24,000 |
20th | 35.0 | £25,827 | £29,789 | |
25th | 35.0 | 35.0 | £27,809 | £31,987 |
30th | 35.0 | 36.0 | £29,900 | £34,439 |
40th | 36.1 | 37.4 | £33,980 | £39,369 |
The highest salaries in London are found in Inner London, where the average salary is £65,863.
Salaries are mean averages of gross annual pay for full-time employees in London, reported by the ONS for 2022.
Rank | Area | Average Salary |
---|---|---|
1 | Inner London | £65,863 |
2 | Outer London | £40,469 |
The lowest salaries in London are found in Outer London, where the average salary is £40,469.
Salaries are mean averages of gross annual pay for full-time employees in London, reported by the ONS for 2022.
Rank | Area | Average Salary |
---|---|---|
1 | Outer London | £40,469 |
2 | Inner London | £65,863 |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2023. Data sources: ONS Local statistics