What is the average monthly salary in Hungary?

What is the average monthly salary in Hungary?

In 2019, the average gross monthly salary in Hungary amounted to HUF 295,000 (EUR 825), equivalent to an average net income of HUF 200,000 (EUR 560). There are, however, considerable differences across the country with 14 counties (out of the 19) below this amount, according to leftist GKI Economic Research’s analysis.

What is a good monthly salary in Hungary?

A person working in Hungary typically earns around 493,000 HUF per month. Salaries range from 125,000 HUF (lowest average) to 2,200,000 HUF (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

What is the basic salary in Hungary?

The minimum wage in Hungary is 200,000 HUF for unskilled labor and 260,000 HUF for skilled labor.

Is 3000 euro a good salary?

In Germany, the net monthly salary between 2,500 EUR and 3,000 EUR is good, and over 3,500 EUR is very good. The average gross wage in Germany in 2022 is 51,010 EUR or 31,386 EUR after-tax for a single person.

Is Hungary good for earning?

On average, Hungarian employees can earn anywhere from 1,500,000 HUF to 26,400,000 HUF per year as a full time employee. That brings the average monthly salary to around 125,000 HUF (lowest average) to 2,200,000 HUF (highest average).

Why are salaries in Hungary so low?

Experts, along with trade unions, argue that in-work poverty in Hungary is primarily linked to low pay, especially to the low minimum wage. As explained in the European Commission report mentioned above, the widely accepted other main causes, such as too few jobs, and household composition, have a limited effect.

How much can I earn in Hungary?

The average salary in Hungary is around 750 – 800HUF/ hour for student jobs. International students can usually work part-time for 20-24 hours/week and 66 days during holidays. There are also options for working only on weekends where you can work 8-10 hours a day so you have time for other things during weekdays.

What is the highest paid job in Hungary?

1. Surgeons / Doctors. Salary Range: from 862,000 HUF to 2,900,000 HUF. …
2. Judges. Salary Range: from 724,000 HUF to 2,430,000 HUF. …
3. Lawyers. Salary Range: from 586,000 HUF to 1,970,000 HUF. …
4. Bank Managers. …
5. Chief Executive Officers. …
6. Chief Financial Officers. …
7. Orthodontists. …
8. College Professors.

What is the lowest salary in Hungary?

As of 2022, the minimum salary in Budapest, Hungary is of 200000 HUF or roughly €548 euros per month gross for unskilled labor. The minimum wage for skilled workers is of 260,000 HUF or approximately €713.

How expensive is it to live in Hungary?

Family of four estimated monthly costs are 1,757$ (674,003Ft) without rent. A single person estimated monthly costs are 509$ (195,300Ft) without rent. Cost of living in Hungary is, on average, 48.78% lower than in United States. Rent in Hungary is, on average, 75.37% lower than in United States.

Does Hungary have a lot of poverty?

Fewer people live in poverty in Hungary than the EU average. While the average number of people living below the poverty line in the EU is 17%, this number in Hungary is 14.6%. Many young people feel like they have no future in the country.

Which country pays highest salary?

Luxembourg With a population of 632,000 Luxembourg is one of the world’s wealthiest and highest-paying countries. Salaries of workers average about $68,681, which is the highest in the world.

Is 1500 euros enough in Germany?

You will need around 861 euros a month to cover your living expenses in Germany as of 2022. On average, to cover your living expenses in Germany you will need around 861 euros per month (around $1,002 US dollars) or 10,332 euros per year (around $12,024 US dollars).

Is 85000 a good salary?

Is $85,000 a Year a Good Salary? If you wonder is $85,000 a year is a good salary, consider this. The minimum wage in the United States is $7.25 an hour. If you make $85,000 a year, you make $40.87 per hour – you make more than 5 times the minimum wage.

How do people make money in Hungary?

The main sectors of Hungarian industry are heavy industry (mining, metallurgy, machine and steel production), energy production, mechanical engineering, chemicals, food industry and automobile production.

How much is average rent in Budapest?

Cost of Living in Budapest, Hungary