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Wages & Wellbeing

 

At £27,503, median annual full-time earnings in Somerset are lower than they are both regionally and nationally, and if we include part-time work, of which there is a greater prevalence in Somerset, then the disparity is greater still. There is also a significant difference between earnings for men and women, especially for full-time work, and even more so in Somerset than is the case regionally and nationally.

At £18,833, estimated disposable household income is also marginally lower in Somerset than it is nationally. However, in recent years it has been roughly on a par with the national average.

Housing in Somerset is less affordable than it is nationally, with a typical home in Somerset costing more than 8 times the typical annual wage. House prices have been continually rising since 2009 following the financial crisis and economic downturn.

£27,503
Median Full Time Earnings
£18,833
Gross Disposable Household Income
8.1
House Price Earnings Ratio