Average income in Hungary

Agriculture is widely developed in Hungary, a little less mechanical engineering, chemical and pharmaceutical industries. But the economic situation does not allow citizens to receive high and stable earnings.

Economic situation and incomes of the population today

According to the forecasts of the Hungarian National Assembly, the country's economic growth in 2019 increased by 4,3%... So, GDP rose by 1,7%and inflation was 0,4%.

Thanks to the development of industry, the unemployment rate dropped to 4,5%... There are 4 million registered jobs in the country.

Industries are progressing in Hungary:

• gardening;
• mechanical engineering;
• pharmaceuticals and medicine;
• metallurgical industry;
• chemical;
• textile;
• food flavoring.

There are a lot of factories in this country where you can get a job in the relevant specialty. But companies that provide various services and goods also offer vacancies. So, the hourly pay of waiters, governesses is from 2 to 5 euros... On a day, a young employee can earn up to 40 euros in a position that does not require qualifications.

Salary per month by occupation in 2021

In this country, it is more practical to open your own business, since the government favors foreign investors and does not offer the highest taxes. But an ordinary worker with a higher education can also receive a stable average income.

It is difficult for a foreigner arriving to find a high-paying job, since company leaders give preference to citizens of the EU countries and Hungary. Therefore, for the first time, you can get a job as a nanny, maid, waiter or worker.

Average monthly salary in Hungary by job title

The country is in demand for English language teachers who speak Hungarian. One student is paid for training 12 hours a week 160 euros per month... And if you lead several students, then the average earnings will be about 1000 euros... Night nanny for two children will receive 18 euros per night.

Also in demand are the so-called helpers for cooking and buying groceries. With employment 2 times a week from 8.00 to 12.00, you can earn 18 euros.

Governess in private homes, with half-day employment, 2 times a week, earn 17 euros per shift. And the gardeners are paid 16 euros for 6 hours a week.

Minimum

These are the lowest monthly and hourly wages. All taxes are calculated from the size of the minimum wage and prices for services and goods are calculated based on the norms established by the Hungarian government.

From January 1, 2021, the minimum employee income was:

• 137,000 forints, or 438,241 euros for low-skilled employees;
• 180,500 forints, or 577.391 euros, for qualified professionals.

The state has established the following wage rates:

• in Week - 95 euros;
• in a day - 19 euros;
• at one o'clock - € 2.36.

Average

The average income of Hungarians increased thanks to the increase in the minimum wage. Today the size is 945 euros per month, What's on 14% higher than last year. Of course, the average salary in Hungary for private specialists, for example, medical practitioners, lawyers, programmers, is much higher than the established one.

Average starting salary

This type implies a salary for a position that does not require qualifications and work experience. Most often, they are employed by university graduates in their specialty.

The average starting salary of an unskilled employee will be no more than 400 euros per month in remote regions of the country. And the average salary in Budapest varies from 550 to 600 euros per month.

To receive a starting income, a foreigner does not need knowledge of the Hungarian language. Employment for the following positions guarantees such a salary:

• programming;
• freelance;
• seamstress;
• harvesting;
• worker.

Russian companies will give preference to their fellow citizens and citizens of the CIS countries. Other professions require at least a minimum level of knowledge of the Hungarian language.

Maximum

As a rule, the maximum income is received by heads of organizations, bank employees, embassy employees, highly qualified specialists in large holdings. The level of maximum earnings, depending on the position, is from 5,000 euros per month to 40 000 euros per month... Lawyers, bank employees, programmers and other highly specialized professionals receive from 5,000 to 20,000. And above - heads of companies and departments in international network companies, oil workers.

It is very difficult for migrants to take such places, even with extensive work experience and a high level of qualifications, since Hungarians give preference to citizens of their country and EU countries.

Labor remuneration by city and region

Hungary is subdivided into seven regions. Labor remuneration differs somewhat by them.

Payroll taxes

Taxes and deductions in Hungary are:

• 22,8% for employers;
• 33,5% for workers.

Contributions are deducted from the amount of accrued wages (gross). And this is far from the highest figure among European countries.

Income tax

Individuals pay income tax on basic earnings and directly depends on the minimum wage established by the state. The rate is currently 15%. For businessmen, the income tax is 10% for the amount of profit up to HUF 500 million or 19% for the amount more than 500 million forints.

The tax is paid strictly according to the calendar year of taxation - until May 20 of the current year, they fill out and submit a declaration. In case of unjustified delay, incomplete payment or non-payment of taxes, the Federal Tax Service imposes a fine on the citizen in the amount of 50%and the bank charges double interest.

Social contributions and other taxes. What is tax free

The following social benefits apply in Hungary:

• Pension contributions - 10%... Individual voluntary funded pension schemes are popular among residents, which are encouraged by the government in the form of a tax cut. Feature of the program: each client can choose a fund, pension schemes and investment programs.
• Medical tax - 4%... This rate includes compulsory health insurance. A resident of the country can separately pay health insurance in a voluntary fund. This tax has a plus: in case of cash deduction, the rate is reduced until 3%.
• Job loss insurance - 1,5%.

Other

There are also other types of taxes in the country:

• VAT. The rate is 27%. For companies that sell drugs and non-food products, the rate is reduced up to 17%... Bid 18% levied on catering establishments, internet service providers, hotels, short-term outdoor events, and dairy and bakery stores.
• Income tax is 9%... This is the lowest rate in Europe.
• Labor income depends on social security contributions, for the employer - at a fixed rate 22%... Also employers pay more 1,5% to the training fund.

Dividends are not taxable if they have not been received from a controlled foreign company. In this case, capital gains are included in income tax with some exceptions.

The ratio of salary and living expenses

In Hungary, the economic situation is stable. There is no sharp drop in prices for food and utilities. The average living wage in Hungary per person is 300 euros per month.

31% goes to food, 21% for rental housing, 22% spent on mobile communications and telecommunications and the Internet, 10% for transport, entertainment 4%, clothes 5%.

Rent a 1-room apartment, EUR / month

Communal payments

Nutrition

Travel

Tax

The total amount of all taxes and contributions, including medical, per month per person will be about 200 euros.

Unemployment Rate and Prospects for Migrants

Taking into account the active growth of the economy, the unemployment rate in the country is reduced to a minimum, as new companies are opened, and new vacancies at factories. In this regard, the country becomes attractive to migrants.

The only disadvantage for visitors is the priority of citizens of the EU countries and Hungary over Russians, Belarusians or Ukrainians.

Average wages in Hungary are not the highest in comparison with European indicators. But the country's booming industry, as well as declining unemployment rates, guarantee stability in job provision and wages.