Sixfold difference between settlements – Development of net earnings in 2023 by settlement
The GKI examined the development of net earnings by settlement in 2023. This year, real earnings decreased, but this was not uniform by settlement. Net earnings were highest in the capital (469 thousand forints per month, +13.7%). This was followed by cities with county rights and county seats (382 thousand forints per month, +13.6%), then cities (338 thousand forints per month, +14.8%), and finally large communities and villages (296 thousand forints, +16.4%). The national average net earnings were 372 thousand forints per month (+14.8%).
The highest net earnings are in the agglomeration of Budapest, Győr and Székesfehérvár. The areas with the lowest income include the small settlements of Baranya and Somogy counties, as well as the border areas of Borsod-Abaúj-Zemplén, Szabolcs-Szatmár-Bereg and Békés counties. According to the counties, the lowest net earnings were in Szabolcs-Szatmár-Bereg (297 thousand forints), slightly ahead of Békés and Somogy counties (309 thousand forints). The county with the highest income this year was again Pest (411 thousand forints), followed by Győr-Moson-Sopron (399 thousand forints), which was ahead of Komárom-Esztergom (398 thousand forints). It is important to mention that the earnings in Budapest are distorted, as the income of those working in Budapest, living in a rented apartment but having a permanent address in another settlement is not shown in the statistics in Budapest, but in other rural settlements (there, the average is raised).
It is worth examining the increase in net earnings in percentage and nominal value. There was an increase in real earnings in the areas marked in blue (Győr and its surroundings, and the border settlements of Baranya and Borsod). In the latter areas, where the proportion of minimum wage earners is presumably high, the 15% minimum wage and 10% guaranteed minimum wage increase may have significantly contributed to the large increase in average earnings.
e
Related news
K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Assets under management of responsible funds have quadrupled in one year
According to the recently published data of the Hungarian National…
Read more >There is a great deal of interest in the schemes announced by EXIM Hungary in the Demján Sándor Program
There is a high level of interest in the schemes…
Read more >Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Garlic on European markets: Why a bountiful Chinese harvest doesn’t guarantee low prices?
Although China is set to record a bumper garlic harvest…
Read more >