A person working in Automotive in Coventry typically earns around 60,600 GBP. Salaries range from 24,100 GBP (lowest average) to 151,000 GBP (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Automotive domain in Coventry exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries in Automotive in Coventry range from 24,100 GBP (starting average salary) to 151,000 GBP (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
The median income in the field of Automotive is 56,200 GBP, implying that half of the workforce in Coventry earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Automotive in Coventry earn less than 43,900 GBP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 71,000 GBP, while 25% earn more than that.
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Automotive in Coventry. The analysis revealed that roughly 65% of all reported salaries fell within the range of 34,900 GBP to 63,300 GBP. Approximately 20% of salaries were below the 34,900 GBP mark, while 10% ranged from 63,300 GBP to 76,200 GBP. Only 5% of individuals earned a gross salary of 76,200 GBP or higher.