What salary can I earn in the UK in 2023?

UK Pounds Sterling

how much can you earn in the UK?

The UK is a high-income economy, but how much do you need to earn for a comfortable life? When you think of moving to the UK, the first thing that comes to your mind is how much salary you will earn. From April 2023 the minimum hourly rate for workers aged 23 and over will be £10.42, this applies to all four countries of the United Kingdom. Although when applying for work visas in the UK, you must meet the minimum salary for that visa or occupation. For example, the Skilled Worker visa requires you to have a minimum salary of £25,600, but for a Social Services Manager you need to earn at least £29,400 as of November 2022. Job opportunities are plentiful in the UK and the country needs skilled workers from abroad. The unemployment rate in the UK is only 3.6% as of November 2022 with many vacancies needing to be filled by foreign workers.

What is the average salary in the UK?

The average gross annual pay for full time employees in the UK for 2022 was £33,000, which is £15.87 per hour (40 hours worked). This varies between the nations and regions of the UK with London seeing the highest salaries.

What is the average salary per region?

The UK has four countries and many regions within those countries, all of which vary in average salary. Each area is different in economy, demographics and opportunity, generally the bigger cities pay the highest wages due to the higher cost of living.

Nation or RegionSalary in GBP
South East 34,341
West Midlands 31,601
South West31,339
North West30,716
East Midlands30,326
Northern Ireland 30,000
North East 29,521

What is the average salary per Industry?

Below is an overview of annual salaries across the UK in the most common sectors. There will be variations within these sectors, for example a Doctors salary compared to a Nurse.

IndustrySalary in GBP
Energy 45,770
Finance and Insurance43,710
Mining and Quarrying 43,091
Information Technology42,071
Scientific 38,700
Transport and Distribution34,028
Waste Management 34,010
Real Estate30,095

What do I need to earn for a comfortable life?

From April 2023 the minimum hourly rate for workers aged 23 and over will be £10.42, this equates to around £20,000 per year. For most occupations on the Skilled Worker Occupation List, will require you to earn at least £25,600. To live comfortably in the UK depends on your lifestyle, region and transport options and you can have a good life in the UK on these salaries. After a couple of years in the UK gaining work experience expect to earn around the £30,000 mark, on this salary is when you can expect to save money for the future and still have enough to holiday abroad. Management positions usually pay in the region of £40,000+ and Directors £60,000+, this can be achieved within 5 and 20 years respectively.

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