Area type
Region
Population
9,002,488
Average male salary
£61,431
Average female salary
£43,535
Average male hours worked
38
Average female hours worked
37
Number of jobs
2,470,000
Job density
0.4
Gender pay gap
40.7%
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The average salary in London is £53,717, according to figures published by the ONS for 2021. Between 2020 and 2021, average salaries fell by £2,212. Compare average salaries by area.
London's salary growth rate is -3.96% per year based on changes in average salary between 2020 and 2021, which is 5.1% lower than the average salary growth rate in London over the past 9 years.
The average weekly hours worked in 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 London, the highest average wages are found in Inner London where the average salary is £60,464 and the lowest average wages are found in Outer London where the average salary is £39,781. The difference in average salary between the two areas is £20,683 - the average person in Inner London earns 52.0% more than the average person in Outer London.
There are 2,470,000 jobs in London which has a working-age (aged 16-65) population of 6,036,893, according to figures published by the ONS for 2019. The 2019 job density in London is 0.4, meaning there are 0.4 jobs per member of the London working-age population.
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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According to the figures published by the ONS for 2021, female wages in London average £43,535, and male wages averaged £61,431. Statistically, the average female earns £17,896 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 1.4% and 1.0% respectively.
Males on average make 41.1% 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 40.7% - males in London earn 40.7% more per hour than females on average.
London population
London Economy
London House Prices
The top 10% of earners in London earn at least a £89,750 and work at least 43 hours per week.
The bottom 10% (percentile 1) of earners in London earn an average income of £21,310 and work 35 hours per week on average. That's £68,440 less per year than the top 10%, and 9 hours less per week.
percentile | Female Hours | Male Hours | Female Salary | Male Salary |
|---|---|---|---|---|
| 10th | 32.5 | 35.0 | £19,790 | £22,737 |
| 20th | 35.0 | £24,104 | £28,067 | |
| 25th | 35.0 | 35.0 | £26,209 | £30,287 |
| 30th | 35.0 | 36.0 | £28,001 | £32,521 |
| 40th | 36.0 | 37.3 | £31,560 | £37,451 |
The highest salaries in London are found in Inner London, where the average salary is £60,464.
Salaries are mean averages of gross annual pay for full-time employees in London, reported by the ONS for 2020.
Rank | Area | Average Salary |
|---|---|---|
| 1 | Inner London | £60,464 |
| 2 | Outer London | £39,781 |
The lowest salaries in London are found in Outer London, where the average salary is £39,781.
Salaries are mean averages of gross annual pay for full-time employees in London, reported by the ONS for 2020.
Rank | Area | Average Salary |
|---|---|---|
| 1 | Outer London | £39,781 |
| 2 | Inner London | £60,464 |
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