Average gross monthly pay rises to HUF 232,300

Telco

The average Hungarian was earning HUF 232,300 before taxes in April, according to the Hungarian Statistics Office (KSH), which meant their buying power increased an estimated 4.2% compared to a year earlier.

Although the year-on-year income increase in nominal terms was 2.4%, a drop in prices in April meant that the increase in real terms was higher. Year-on-year in April, Hungarian wages actually rose 4.2% in real terms, according to calculations by Portfolio.hu.

As for pay to different sectors, those categories remained stable, according to KSH. Financial and insurance workers did best, with an average gross wage of HUF 504,700. The second-best paying field was information and communication, where workers average a gross monthly wage of HUF 470,200. The poorest paid group were health-care workers, who brought home an average of HUF 136,800 per month after taxes in April.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Tech