A person working in Electrical and Electronics Trades in Lincoln typically earns around 47,700 GBP. Salaries range from 18,800 GBP (lowest average) to 99,400 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 Electrical and Electronics Trades domain in Lincoln 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 Electrical and Electronics Trades in Lincoln range from 18,800 GBP (starting average salary) to 99,400 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 Electrical and Electronics Trades is 42,500 GBP, implying that half of the workforce in Lincoln 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 Electrical and Electronics Trades in Lincoln earn less than 33,100 GBP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 51,800 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 Electrical and Electronics Trades in Lincoln. The analysis revealed that roughly 65% of all reported salaries fell within the range of 24,700 GBP to 42,100 GBP. Approximately 20% of salaries were below the 24,700 GBP mark, while 10% ranged from 42,100 GBP to 50,000 GBP. Only 5% of individuals earned a gross salary of 50,000 GBP or higher.