Income in the United Kingdom
Median household disposable income in the UK was £36,700 in the financial year ending (FYE) 2024, up 0.8% (£279) compared with FYE 2023. Over the last 10 years (FYE 2015 to FYE 2024) median household disposable income has increased by 7.0%, with an average increase of 0.8% per year. Median income of people living in retired households remained relatively stable with a small increase of 0.2% (£74) in FYE 2024, while the median income of people living in non-retired households grew by 1.7% (£629) in FYE 2024. In September 2023, Joseph Rowntree Foundation 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.
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