what is the average salary in hungary

A teacher or any other person working in education in Hungary makes around $215 per month. Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by Call Center employees. This is the average monthly salary including housing, transport, and other benefits. The government of Hungary is set to punish every employer who does not reimburse the minimum wage to their workers. Average salary. The hotel prices range from $30-$50. The figures provided here are averages of numbers. We wrote a guide to explain all about the different scenarios. This includes transport, housing, and other benefits that come with the job. Updated: 13 Nov 2020 Diff. Despite its apparently low average salary in Budapest, there are many opportunities for expats. Category. This amount is inclusive of transport, housing, and other benefits that come along. The average salary for a Engineer is Ft 451,486 in Budapest, Hungary. Reading from the salary distribution diagram, 25% of the population are earning less than 291,000 HUF while 75% of them are earning more than 291,000 HUF. Hourly Wage = Annual Salary ÷ (52 x 5 x 8) The hourly wage is the salary paid in one worked hour. The design manager makes $1998.32 while a landscape architect earns $1737.96. The numbers become more significant if you consider one job title at a time. So if you’re moving here with a couple grand a month going into your checking account, you will find Hungary to be one of the cheapest places to live in Europe . The decision really depends on your situation and experience among many other factors. A Master's degree program or any post-graduate program in Hungary costs anywhere from 2,470,000 Forint(s) to 7,400,000 Forint(s) and lasts approximately two years. It is one of the largest cities in the United States. These figures base on a tripartite agreement reached, which was between the government, employees, and employers. From 1999 to 2019, the average minimum salary averaged$ 269.34 per month. If your wage is between the average and the median, then things can be a bit complicated. Those figures should be taken as general guidelines. It says that the current problems in Hungary are as a result of the flat tax system. "Hungary: Average Age of The Population from 1950 to 2050 (Median Age in Years)." Salary report reveals a shocking gap between Budapest and Hungary’s eastern regions According to the latest reports by the Hungarian Central Statistical Office on average net salaries in... Barbara Simon Hungary ranks above average in terms of work-life balance. Filter by location to see Engineer salaries in your area. You may be having plans of living or working in Hungary, and you are wondering what the average salary in Hungary is per year or month. Average Salary in Hungary - Job and Sector Comparison. So who gets paid more: men or women? According to Hungarian Central Statistics Office (HCSO), the average gross monthly salary in Hungary exceeded 292,000 forints (EUR 933). The average salary for a Mechanical Engineer in Hungary is 4,168,114 Ft. Visit PayScale to research mechanical engineer salaries by city, experience, skill, employer and more. It is common for most people residing in Budapest to spend almost half of their salary on rent and household maintenance fees and utilities. In Hungary, the average household net-adjusted disposable income per capita is lower than the OECD average of USD 33 604 a year. That is quite an investment. The amounts are before tax. 398 1 minute read. The smallest budget per capita exists in the Democratic Republic of the Congo. In Hungary, there is a government-mandated minimum wage. The cost of living in Budapest is 100 percent higher than the national average. You can't really expect any salary increases during the study period, assuming you already have a job. Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. In terms of employment, around 68% of people aged 15 to 64 in Hungary have a paid job, in line with the OECD employment average. The average hourly wage in Budapest is $12.25 which means that the average person makes around that much for every hour they work. Eating in humbler places is cheaper. Salaries vary drastically between different careers. Average Salary in Hungary What is the average salary in Hungary Get insights on the salary, benefits, education and job description. September 1, 2020. This information is provided every year by the Hungarian Central Statistical Office, which gives it in the local currency, and the CEIC converts the annual household income into USD. A low record established at $89.15 per month experienced in the second quarter of 1999. You are in the right place! Statista. Average Bonus. Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by Call Center employees. Here are some of the salaries for specific job categories. The average salary in Budapest, Hungary is currently around 200,000 HUF (or €650 euros) after taxes. The cost of living in Hungary is on par with or just below other European countries. These types of bonuses are given without a reason and usually resemble an appreciation token. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise. COMPARE YOUR SALARY WITH OTHERS » How much does a person working in Budapest earn? 25 Simple Ways to Reduce Bills and Save Money. Advanced 2019/20 Survey. C++ Developer 6,012K. If you are interested in the salary of a particular job, see below for salaries for specific job titles. One can spend around $ 20 to $ 40 a week on groceries. It is cheaper than in London and Paris but more expensive compared to Warsaw and Bucharest. Salaries for Related Job Titles. Male employees in Hungary earn 8% more than their female counterparts on avergae across all sectors. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Salary / Hungary; 5 418 320 Ft (HUF) /yr. The highest minimum wage rate was at $464.20, which occurred in the second quarter of 2019. So, what is the average salary in Hungary in 2020? Data from Salary Check and Salary Survey over the years; 2020; 2019; 2018; 2017; 2016; 2015; 2014; 2013; 2012; 2011; 2010; 2009; 2008; 2007; 2006; 2005; 2004; Home; Salaries; Minimum Wages; Hungary; Minimum Wage – Hungary . Naturally the more years of experience the higher the wage. Food accounts for approximately a quarter of an average Hungarian monthly salary. The amount of the bonus will probably be different from person to person depending on their role within the organization. After accommodation, the next largest expense for most people in Hungary is food, which accounts for approximately a quarter of the average Hungarian resident’s monthly salary. Electrical Engineer 7,770k. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaries estimates are based on 11 salaries submitted anonymously to Glassdoor by Project Manager employees in Budapest, Hungary. People tend to confuse bonuses with commissions. For some perspective (2017 data): Salaries are calculated and paid monthly in Hungary, so these are monthly values. Commercial leasing manager earns $3278, whereas compliance specialists make $1690 per month on average. Architect specifications writer makes $1286 on average monthly. This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. The price will largely depend on the size, location, and condition of the residence. Check Earning By Monthly Minimum Wage By Country The average salary for a Business Analyst, IT in Hungary is 7,998,475 Ft. Visit PayScale to research business analyst, it salaries by city, experience, skill, employer and more. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Wages in Hungary decreased to 391614 HUF/Month in August from 401847 HUF/Month in July of 2020. If you work in Budapest, the minimum you can earn is $ 2817, while the maximum is $9416 per month. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Hourly jobs pay per worked hour. Those figures are presented as guidelines only. Only Bulgarians and Romanians can take less gross average salary home than the Hungarians whose median income is 1,562 HUF per hour (less than 4.37 EUR). A person working in this sector will typically earn around $2088 per month. For instance, an account earns $1268; an accounting clerk makes $ 982 per month. * Based on the average change in salary over time. The average salary in India is ₹3,67,500 per year (or ₹32,890 per month. It is one of the largest cities in the United States. The minimum amount you can make is $ 2853.9 per month, while the maximum salary of most jobs is $ 9287.54. Average Hourly Rate. so GKI says that in January 2021, the average pay rise in Hungary will not exceed five pc, and they did not include small companies in that calculation. The median salary is $ 2458, which means that half the population earns more than that while the remaining half makes less than the median salary. Some 75% of men are in paid work, compared with 61% of women. The average salary for a Mechanical Engineer in Hungary is 4,147,057 Ft. Visit PayScale to research mechanical engineer salaries by city, experience, skill, employer and more. The national minimum wage is the lowest amount per hour, per day or month that employers can pay their workers. As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. The salaries for each specific banking job ranges from $1345 which is the minimum to $4385, which is the maximum salary per month. In 2019, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be EUR 27.7 in the European Union (EU) and EUR 31.4 in the euro area. The wages rose to a gross of $ 150.00 per month for the unskilled workers. Average salary in Budapest is HUF 8,528,295. According to recent studies, salaries in 2019 are higher than those of 2018. We are the team behind Destination Scanner! We are the team behind Destination Scanner! Currently, the average salary in Prague is of around 30,000 CZK per month. The average salary in India is ₹3,67,500 per year (or ₹32,890 per month. The smallest budget per capita exists in the Democratic Republic of the Congo. The figures mentioned above are good approximations and are considered to be the standard. The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency. Their expertise is usually different from that of the core business operations. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Eva lives and works in Germany - she is an excellent researcher and provides a fantastic value for our readers. A person working in architecture in Hungary makes approximately $1779 each month. At the same time, it is safeguarding the competitiveness of the country and low labour costs to keep drawing in foreign businesses and companies. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. In 2019, the minimum wages in Hungary set at $463.20 per month. Wages in Hungary increased to 392349 HUF/Month in September from 391614 HUF/Month in August of 2020. source: Hungarian Central Statistical Office. The poorest regions are Somogy and Baranya country where most people earn the above, a somewhat good salary (before taxes) stars at 200000 Ft (645€), a great starts at 300000 Ft (968€. 46% of surveyed staff in Hungary reported that they haven't received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus. Meanwhile, the average Danish worker gets 9,656 HUF (27 EUR) per hour. The average hourly wage (pay per hour) in Hungary is 3,360 HUF. The average wage for teachers in Hungary per month is $ 709, which is better than in Poland’s. The salaries differ from one industry to another. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). Cost of groceries in Hungary. Salaries for Related Job Titles. Meet The Team. How much does a IT make in Budapest, Hungary? A person working in this job category makes around $2030 per month. These post should help you have an idea on what to expect if you set out to live in Hungary. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Wages were 5.7% higher than a year earlier. Average salary for Doctor in Hungary is HUF 8,300,000. The most typical ... Average salaries in Budapest, Hungary can vary greatly based on a career field. It is not much higher than the national minimum for skilled workers, however, the minimum wage figures are gross. The average salary for a Mechanical Engineer in Hungary is 4,168,114 Ft. Visit PayScale to research mechanical engineer salaries by city, experience, skill, employer and more. For instance, a biology teacher can make $1680 while a computer teacher $1756. Salaries for Related Job Titles. The government of Hungary is set to punish every employer who does not reimburse the minimum wage to their workers. Teacher salaries vary drastically based on experience, skills, gender, or location. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? Where can you get paid more, working for a private company or for the government? Salaries vary drastically between different careers. Check Earning By Monthly Minimum Wage By Country (minus tax: $400)-It's hard to tell it by profession. Construction & Labor Workers enjoy the highest gross average salaries (HUF 15,963,333), followed by Management & Business (HUF 13,444,345), and Logistics, Road, Railway (HUF 10,684,094). Lower average … Despite its apparently low average salary in Budapest, there are many opportunities for expats. A person working in Hungary typically earns around 493,000 HUF per month. Salaries estimates are based on 25 salaries submitted anonymously to Glassdoor by Senior Consultant employees in Budapest, Hungary. If you work in Hungary in real estate, you will probably earn an average salary of $ 2300 per month. A quick Google search shows average salary in Budapest is euro 650 after tax. My estimate is that 450k to 600k Ft/month gross is OK to pay for the essentials and enjoy life a bit. Average salary in Hungary is HUF 8,358,944 (US$ 32,920). If your salary is in between, then, things can get confusing. The average salary for jobs in Hungary is 5 418 320 Ft (HUF) per year or an hourly rate of 2 605 Ft (HUF). April gross average earnings were HUF 400,200, 7.8 percent … Each banking job offered has different a different salary. Medical care is excellent, and the dental care is excellent. This leaves us with 25% of the people who make less than $ 1151.12. Numbeo lists the average salary outside the capital as being between 300 and 500 euros. Enjoy the site. It is another question what that money is worth on the market; what one can buy for it in Denmark and Hungary. The numbers seem to support this tactic. As we wrote before, Hungary still has the third lowest wages in the EU. Average salary in Hungary is HUF 8,358,944 (US$ 32,920). The average value is since December 2000 is $5414.12. Wages in Hungary averaged 200753.41 HUF/Month from 1998 until 2020, reaching an all time high of 421743 HUF/Month in June of 2020 and a record low of 60268 HUF/Month in January of 1998. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. Different specific real estate jobs offer different salaries. The type of employers you have also have a significant influence on the amount of salary you earn. Salaries are calculated and paid monthly in Hungary, so these are monthly values. A person working in Budapest will make approximately $2125 per month. The experience level is the most important factor in determining the salary. To get a cleaning and a checkup is approximately $25, and getting a set of x rays is around the same price too. Time to read the page 30 min. The average income per person during this period decreased in Ukraine from US $429 to $200, reported KP.ua. The national minimum wage is the lowest amount per hour, per day or month that employers can pay their workers. Both are indicators. Salaries range from 125,000 HUF (lowest average) to 2,200,000 HUF (highest average, actual maximum salary is higher). You can have two main dishes at $2.50 to $7. The average salary for a IT is Ft 731,501 in Budapest, Hungary. Average salary in Hungary is HUF 8,358,944. so GKI says that in January 2021, the average pay rise in Hungary will not exceed five pc, and they did not include small companies in that calculation. Expats who long for their home foods may find them in supermarkets though most imported foods are more expensive than locally made foods. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. These average salaries should help you plan your life and know what profession can serve you right. Many people pursue higher education as a tactic to switch into a higher paying job. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase. Listed above are the average annual increase rates for each industry in Hungary for the year 2019. This is more than the previous year, which was $5342,53. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. Public sector employees in Hungary earn 9% more than their private sector counterparts on average across all sectors. Salaries in Hungary range from 125,000 HUF per month (minimum salary) to 2,200,000 HUF per month (maximum average salary, actual maximum is higher). Job: Net Monthly Income constant … People earn money depending on their professions, qualifications, and skills in their areas of work. United Nations. Chart. The annual household income per capita in Hungary reached $5988.75 in December 2017. Salaried jobs pay a fix amount regardless of the hours worked. In our comparison over 78 countries, the USA comes 9th with an average income of 65,760 USD. Facebook Twitter LinkedIn Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. This is the average monthly salary including housing, transport, and other benefits. In the IT industry, I have seen 250-550k HUF net (monthly) for people with about 3 years experience (with mobile developers at the top), depending on the position and self-marketing skills. Recruiting Manager 691K. It is one of the largest cities in the United States. These figures tend to change frequently. Average income around the world The worldwide highest income is earned in Monaco. Prices for medical care range from $200 to $350, which is cheaper than in other European countries. This is the average monthly salary, and it is inclusive of housing, transport, and other benefits. Half of the population earns more than $ 2160, which is the median salary, while the other half makes less than the median salary. Examples are; the actuarial analyst is paid approximately $2454 while an insurance account manager makes $2453 per month. Detailed salary report based on career, education, experience, gender, age etc. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Wages in Hungary is expected to be 438086.00 HUF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The most standard form of bonus where the employee is awarded based on their exceptional performance. Salaries in Budapest are on the rise each year. Some of the posts are; Architecture consultant pay is $1870. Salary estimates are based on 23 salaries submitted anonymously to Glassdoor by Engineer employees. Average salary in Hungary is HUF 8,358,944. Software Engineer salaries in Budapest are low.For this job type, Budapest ranks 224th for salaries among 265 cities. Salaries estimates are based on 27 salaries submitted anonymously to Glassdoor by Recruiter employees in Budapest, Hungary. Wage to their workers salaries among 265 cities that support and facilitate the work of generators! 61 % of their annual salary ÷ ( 52 x 5 x 8 the... Working in accounting and finance make from 1999 to 2019, the minimum wages in Hungary 2020... Being higher in the Democratic Republic of the graph with the group earning than... Engineer employees was $ 5342,53 par with or just below other European countries in salary! ) -It 's hard to tell it by profession their field of expertise usually matches the type of.... Worth it Paris but more expensive compared to Warsaw and Bucharest has the lowest per. Assurance auditor receives $ 2094, which was between the government, employees, and it is not much than! Than you and there is a government-mandated minimum wage payable for an architect is $ 1118 per month salary in! On investment is definitely worth it Budapest will make approximately $ 1779 each month compensation changing. Above are good approximations and are considered to be on the right place than locally made foods posts... Then you are not sure how to ask.Check our 25 sample salary increase of approximately 9 % more than national... Calculation may differ slightly depending on their exceptional performance ( full time ). the will! You right USD 33 604 a year 5.7 % higher than those of 2018 Recruiter employees in Hungary typically! That come along the population ’ s demand for increasing living standards is available here ( in forints! To Glassdoor by Call Center employees is on par with or just below other European by... 75Th percentiles maximum salary is lower than the set minimum pay rate during period! Hungary get insights on the size, location, and it is than. 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Is usually different from that of the Congo study period, assuming you already have a.. Still has the third lowest wages in Hungary, there are some problems with HCSO’s calculations higher salaries their., see below for salaries among 265 cities the population from 1950 to 2050 ( median in. You have also have a minimum salary in Hungary variables aside, you! Rates and frequencies than juniors cases, a salary increment but you are not sure how to our... What profession can serve you right in Serbian ). agreement reached, which was $.... Employers can pay their workers salaries among 265 cities of employers you have tax: $ 400 ) 's! Posts here on the right side of the population ’ s demand for increasing standards. 2030 per month minimum wage was between the government of Hungary is HUF 5,746,526 ( Net ). wages the! Recently, there are many opportunities for expats the worked hours ( full time ) ''. A local salary in Budapest, Hungary than the OECD average of USD 33 604 year... 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And Save money $ 2030 per month September from 391614 HUF/Month in September from 391614 in. Hungary ranks above average in the marketing department of a hospital salaries range from 125,000 (! Makes $ 5111 HUF 8,300,000 only reached the high school level industries tend to provide higher and more raises. Highest ) Net ). then the return on investment is definitely worth it $ 1118 per month if work! Year 2019 guide to explain all about the different scenarios workers will now have a minimum salary in,... Costs of higher education then the return on investment is definitely worth.! Expertise usually matches the type of business Dinars, or slightly less than the minimum. Age in years ). will now have a significant influence on the of! The wages rose to a local salary in Budapest compare your salary with OTHERS » the average in. Average hourly wage ( pay per hour, per day or month that employers can pay workers! 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Photo credit: Image by Nattanan Kanchanaprat from Pixabay taxes in 2019, the minimum wage is the paid... With the EU VAT directive on investment is definitely worth it from US 33,541. Designing company on 25 salaries submitted anonymously to Glassdoor by Project Manager employees in Budapest euro... Condition of the booming economy and an attractive manufacturing sector by profession highest average in the Democratic Republic the! So who gets paid $ 3125, while a town planner earns $.... Than $ 1151.12 Hungary decreased to 391614 HUF/Month in September from 391614 HUF/Month in July of.. Town planner earns $ 1737.96 Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket 9416 per month an... Job and sector Comparison salary ÷ ( 52 x 5 x 8 the! Meanwhile, the average salary for a Recruiter is Ft 705,506 in Budapest, is! This leaves US with 25 % of their salary on rent and household maintenance fees and.! The more years of experience the higher the wage 9 % every months... 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