What are the average salaries in Hungary ?

What are the average salaries in Hungary ?

Average salaries in Hungary and the minimum salaries in Hungary are lower than in any of the other EU country in the central Europe (including Poland, the Czech Republic and Slovakia), according to a report by news site nepszava.hu.

Official statistics state that average net monthly salary in Hungary is only EUR 701 while minimum monthly net wage is EUR 305, which is much lower that in neighboring countries (Poland, Slovakia and Czech Republic where the minimum wage is highest in the region and it amounts EUR 432).

In the automotive industry, which a key driver of the Hungarian economy, the average wage in Hungary amounts to EUR 1,118 per month.

Like in other countries Managers, especially top manager earn the most. They are followed by workers in IT and leasing industry. Lowest salaries are in the Hungarian agricultural sector, in education and in the sector of arts.

In the table below, you can see the list of average monthly salaries by industry where employee work. Please note that values given below represent gross salaries.

Industry in HUF In EUR
Top Management 1,027,684.00 3,114.19
Leasing 642,214.00 1,946.10
Management 612,914.00 1,857.32
Information Technology 583,154.00 1,767.13
Technology, Development 576,772.00 1,747.79
Telecommunications 509,123.00 1,542.80
Law & Legislation 465,559.00 1,410.78
Pharmaceutical Industry 458,362.00 1,388.98
Quality Management 449,972.00 1,363.55
Banking 448,132.00 1,357.98
Economy, Finance, Accountancy 433,872.00 1,314.76
Electrical & Power Engineering 426,698.00 1,293.02
Insurance 424,571.00 1,286.58
Mechanical Engineering 416,778.00 1,262.96
Construction & Real Estate 414,387.00 1,255.72
Human Resources 401,991.00 1,218.15
Car Industry 401,308.00 1,216.08
Commerce 393,403.00 1,192.13
Public Administration, Self-governance 392,721.00 1,190.06
Marketing, Advertising, PR 392,668.00 1,189.90
Mining, Metallurgy 387,535.00 1,174.35
Production 387,210.00 1,173.36
Chemical Industry 355,136.00 1,076.17
Translating, interpreting 344,680.00 1,044.48
Customer Support 341,729.00 1,035.54
Security & Protection 325,356.00 985.93
Transport, Haulage, Logistics 319,187.00 967.23
Administration 312,531.00 947.06
Journalism, Printing Arts & Media 306,727.00 929.48
Water Management, Forestry, Environment 306,480.00 928.73
Medicine & Social Care 295,895.00 896.65
Agriculture, Food Industry 284,177.00 861.14
Education, Science & Research 277,864.00 842.01
Arts & Culture 264,400.00 801.21
Service Industries 263,674.00 799.01
Tourism, Gastronomy, Hotel Business 259,970.00 787.79
Wood Processing Industry 233,809.00 708.51
Textile, Leather, Apparel Industry 197,890.00 599.67
General labor 186,639.00 565.57

Although minimum wages are raised in 2019 by almost 8 per cent, they are still low comparing to neighboring countries.

To get a net salary, you should deduct following costs payable by the employee:

1. Healthcare contribution for in kind fund – 4%

2. Healthcare contribution for financial allowance fund – 3%

3. Pension fund contribution – 10% and

In total these deduction amount around 18-20% of the gross salary and they are payable by the employee.  On top of the gross salary there are contributions payable by the employer (which are close to 20% of the gross salary) but these contributions are not included in the above listed values.

Source: Workania

Blog

Leave a Reply