Minimum and average salary in Hungary.

Hungary may not be the most popular country in Europe, but it is often chosen for labor migration. In addition, the minimum wage in Hungary, in relation to general conditions and living standards, is quite high. Moreover, the average salary in Hungary is accessible even without experience or specialization. All these factors make Hungary quite attractive for many migrants. 

The average salary in Hungary in dollars may be lower compared to European incomes. This fact also needs to be considered when choosing employment options abroad. The average salary in Hungary in euros is certainly not the most significant argument. However, the average salary in Hungary for Ukrainians can serve as a good starting point. 

What is the earnings in Hungary: per hour, per month, in 2024 

Hungary can be considered one of those countries that are gradually, but steadily developing. The country does not have the strongest economy in Europe, but it is also less susceptible to the influence of various crises. 

Hungary is a country with a dynamically developing economy that attracts both local and foreign workers. For Ukrainians, as well as for other citizens of Eastern Europe, Hungary is an attractive country for employment due to its relatively low cost of living and openness of the labor market to migrants. This means there are more than enough factors for relocating to this country. Undoubtedly, in 2024, this process does not go without its drawbacks and nuances. 

In 2024, significant changes in the levels of minimum and average wages are observed in Hungary, making this information particularly relevant for those planning to move or search for work. However, this process may not always be positive. 

When it comes to the minimum wage, this indicator is regulated at the state level. Employers cannot independently violate this minimum. At the same Time, the indicator continues to grow, which is already a positive trend for Hungary. The minimum wage is also affected by inflation, which should not be forgotten. 

As of 2024, the minimum wage for employees in Hungary is as follows:

1. About 232,000 forints per month (about 620 euros) for unskilled workers.

2. And 296,400 forints per month (about 790 euros) for skilled workers.

Already within these indicators, the salary can be higher. Below this indicator, it is quite difficult for an employer who operates legally to pay less. 

The minimum wage in Hungary, although significantly lower than in Western European countries, still allows covering basic needs, including housing rent and basic expenses for food and transport. However, it is worth noting that the minimum wage does not always cover all the needs of workers in large cities such as Budapest, where the cost of living is higher. Thus, the not-so-high salary is offset by the fact that the cost of rent and, for example, groceries, needs to be lower. 

To understand how much or how little people are paid in Hungary, it is necessary to understand how much one has to pay every day. For example, housing rent will cost about 270–490 euros per month in the capital. And this is quite low for Europe. When it comes to groceries, the monthly grocery basket will cost about 110–160 euros. Transportation will cost even less. About 25 euros. Thus, even with the minimum wage, a person can afford basic expenses, but a comfortable standard of living will require a higher salary.

How much is the average salary in Hungary in 2024? 

Based on the minimum wage, one can draw conclusions about the average wage in the country. Although this indicator is also only conditional. The average salary in Hungary in 2024 continues to grow due to economic growth, development of the private sector, and state reforms. That is, earning an average salary in Hungary will already be enough for a decent life. 

In 2024, the average salary in Hungary is about 450,000 forints per month (about 1,200 euros) before tax deductions. However, after taxes and social contributions, an employee receives about 300,000–350,000 forints per month (about 800–950 euros). Taxation in this country, as throughout Europe, is quite a complex system with high taxes. The average salary, as well as the minimum wage, is affected by the region of the country and the specialty. Experience is also an important factor. It is also quite difficult for migrants in Hungary, as in recent years there has been considerable competition. If a good job is needed in Hungary, many successful vacancies can be found on Layboard.com. 

When discussing the sectors where salaries are relatively high, these include the financial sector and information technology (IT). Medical and educational field workers also earn quite well, with an average income ranging from 2,000 to 3,000 euros.