Indexed gross weekly pay in London and England (2002-2023)
This indicator shows how weekly pay for Londoners in employment (before tax, adjusted for inflation) has changed over time, using 2008 as a baseline.
On average, Londoners are paid nearly 10% less per week (as of 2023) than they were in 2008. This means Londoners’ average weekly pay is now lower than at any point since 2015.
This indicator also shows how weekly pay has changed over time for Londoners on lower and higher incomes. Londoners at the 10th percentile of weekly pay (those with incomes below 90% of other Londoners) are paid 7% less than they were in 2008. Londoners at the 90th percentile (those with incomes above 90% of Londoners) are paid 13% less.
This is significantly different to the rest of England. On average, workers in the rest of England are paid 2.8% less than in 2008. Lower income earners at the 10th percentile are paid 7% less than in 2008, while higher income earners at the 90th percentile are paid 13% less.