A person working in Cambridge typically earns around 72,100 GBP. Salaries range from 18,200 GBP (lowest average) to 321,000 GBP (highest average, actual maximum salary is higher).
This is the average salary including housing, transport, and other benefits. Salaries in Cambridge vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries in Cambridge range from 18,200 GBP (starting salary) to 321,000 GBP (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
The median salary is 63,400 GBP, which means that 50% of the population in Cambridge earns less than that while the other half earns more. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Cambridge earn less than 45,800 GBP while 75% of them earn more. Also from the diagram, 75% of the population earn less than 96,000 GBP while 25% earn more than that.
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Cambridge. Around 65% of all reported figures are in the range 42,000 GBP to 108,000 GBP. Approximately 20% fall under the 42,000 GBP cap. Ten percent of wages are from 108,000 GBP to 138,000 GBP. Only 5% of people grossed 138,000 GBP or more.