The rich–poor wage gap in Hungary just hit a shocking new high

Striking disparities can be seen in Hungarian wages, according to the latest district- and region-level statistics published by the Central Statistical Office (KSH). The Buda districts continue to dominate the earnings rankings, while in the country’s poorest areas the average gross salary is less than half of that.

Huge gaps: How gross wages vary by region

The highest salaries were recorded in District II of Budapest, where the average gross wage reached HUF 1.16 million in the first three quarters of this year, HVG reports. Close behind is District XII with HUF 1.13 million, followed by District V, where the figure stands at HUF 1.04 million. District I also crossed the one-million mark. In these central areas, seven-figure salaries have clearly become the norm.

At the other end of the scale, the picture is entirely different. In the Cigánd district, the average gross wage between January and September was only HUF 420,000, which is barely a third of the levels seen in Buda. Slightly higher averages were recorded in the Gönc district (HUF 444,000) and the Fehérgyarmat district (HUF 450,000), yet the gap between the best- and worst-paid areas still exceeds a factor of two and a half.

Hungarian forint inflation
Photo: depositphotos.com

Rural wages (and even their rate of increase) fall short of Budapest levels

Significant differences appear not only in wage levels but also in wage dynamics. Nationally, salaries rose by 6.9% compared with last year’s average, but local data show considerable variation. In the ten best-performing districts, growth ranged between 7.3% and 8.5%. Leading the list is the Paks district with an 8.49% rise, followed by the Balmazújváros district with 8.25%, and the Hajdúböszörmény district with 7.74%.

By contrast, in the weakest-performing districts, wage growth was measured at only 3.4% to 4.4%, well below the national average. Among the laggards are the Kazincbarcika district (3.79%), the Komárom district (3.76%), and, surprisingly, Budapest’s District V. Although this district ranks among the top in terms of salary levels, its wage growth rate is one of the slowest in the country, at just 3.44%.

elomagyarorszag.hu

7 Comments

  1. Low wages don’t matter in the countryside. Give them a bag of potatoes at election time and they will vote Fidesz.

  2. Into the DEPTH of a new “darkened” age – we have been PLUNGED – over the course of the (16) sixteen years of the Victor Mihaly. Orban led Fidesz Government.
    The 27 countrys that comprise are the membership countrys of the European Union – we remain Hungary, number 26 – across the board in all major componentry when “stripping” away the performance economically and financially a country.
    Hungary – we REMAIN number 26 of 27 – HORRIFIC.
    Disponable income of Hungarians – CRIPPLING in growing millions.
    Orban, his Fidesz Government – have NOTHING, absolutely NOTHING – to contribute to the FUTURE of Hungary – NOTHING.

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