Earnings survey reveals average salary of £31,000

Treasury’s annual earnings survey has revealed the average salary in the Isle of Man stands at roughly £31,000.

This has risen by 1.8% and works out at £612 a week, with full-time employees working an average of 38.1 hours.

Other interesting finds saw a narrowing of wage differences between the sexes, with females earning more than their UK counterparts.

It has been highlighted that the survey is of gross earnings before deductions of income tax and national insurance.