Full-time workers in Ipswich earned £34,873 annually as of April 2024, falling £2,648 below the national average of £37,521, new figures from the Office for National Statistics reveal.
Chancellor Rachel Reeves announced her first budget since Labour returned to power, introducing changes affecting wages, taxes, and daily costs for Ipswich residents.
Local business leaders have warned that increased National Insurance contributions and minimum wage hikes could put pressure on Ipswich employers, following today's Budget announcement.
The number of Ipswich households affected by the government's benefit cap has risen 77% since February. Charities are urging the policy to be abolished, saying it contributes to poverty and homelessness.
As inflation and regional inequality continue to impact households, Ipswich residents had around £18,240 in gross disposable household income (GDHI) in 2022. Only residents in Luton had less.