Latest average earnings in Hungary: updated income statistics and trends

The Central Statistical Office (KSH) said on Monday that the average earnings (gross wage) in Hungary increased by 13.3 percent annually to 642,000 forints (EUR 1,630) in June.

KSH says that net wages climbed at the same pace to 427,000 forints (EUR 1084).

Real wages rose by 9.3 percent, calculated with a June CPI of 3.7 percent.

The gross median wage increased by 15.3 percent to 518,800 forints (EUR 1317).

From December 1, Hungary’s statutory monthly minimum wage was raised by 15 percent to 266,800 forints for unskilled labourers and by 10 percent to 326,000 forints for skilled workers.

The average gross wage in the business sector, which includes state-owned companies, rose by 11.4 percent to 644,000 forints (EUR 1,635), excluding fostered workers. Without fostered workers, the average gross wage in the public sector climbed 18.9 percent to 678,200 forints (EUR 1722).

For January-June, gross wages averaged 634,800 forints (EUR 1611), and net wages came to 422,100 forints (EUR 1072), both up by 14.0 percent from the same period a year earlier.

read also:

• Hungarian government plans significant minimum wage increase – Could EUR 1,000 become the new standard?
• Hungarian workers earn less than 1/3rd of Austrian counterparts

UPDATE

Commenting on the data, the national economy ministry’s state secretary for labour policy said that real wages continued to increase at a significant rate thanks to low inflation and an “outstanding wage dynamic”. “With the 9.3 percent real wage increase in June, the purchasing power of family incomes has been rising for the tenth consecutive month since September 2023,” Sándor Czomba said in a statement.

He said that employment and wages were steadily increasing, noting that there were one million more people holding a job now compared with the period of the previous government. The average wages of jobholders have tripled, Czomba added.

The state secretary said the government was committed to continuing wage increases with a special focus on minimum wages. He pledged gradual minimum wage increases by up to 140,000 forints by 2027.