This article needs to be updated. Please help update this article to reflect recent events or newly available information.(February 2018)
UK median household disposable income by income group for 2008–2016, indexed to 2008[1]The Median Gross Household Income as of 2018.The Median Individual Disposable income as of 2018.
Median household disposable income in the UK was £29,400 in the financial year ending (FYE) 2019, up 1.4% (£400) compared with growth over recent years; median income grew by an average of 0.7% per year between FYE 2017 and FYE 2019, compared with 2.8% between FYE 2013 and FYE 2017.[2]
The rise in median income has occurred during a period where the employment rate grew by 0.5 percentage points, while real total pay for employees increased by an average of 1.0% across the 12 months in FYE 2019 compared with FYE 2018.[2]
Median income of people living in retired households increased by 1.1% (£300), while the median income of people living in non-retired households grew by 1.3% (£400).[2]
In November 2023, The Trussell Trust calculated that a single adult in the UK in 2023 needs at least £29,500 a year to have an acceptable standard of living, up from £25,000 in 2022. Two partners with two children would need £50,000, compared to £44,500 in 2022. 29% of the UK population – which works out to 19.2 million people – belong to households that bring in below a minimum figure.[3]
^"Household disposable income and inequality in the UK". www.ons.gov.uk.
^ abc"Average household income, UK - Office for National Statistics". www.ons.gov.uk. Retrieved 20 March 2020.
^Este, Jonathan (10 November 2023). "How much income is needed to live well in the UK in 2023? At least £29,500 – much more than many households bring in". The Conversation. Retrieved 12 November 2023.
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