MINIMUM AND AVERAGE SALARY IN HUNGARY

Hungary is located in the central part of Europe, is landlocked and borders with seven states – Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria. Its population is about 9.7 million people. Hungary has been a member of the European Union for 16 years (since 2004), but is not the most successful country of this association, including in terms of salaries.

Salary in Hungary

Nevertheless, Hungary has a stable political and socio-economic situation, large international companies operate here and foreigners have good chances to find highly paid jobs. Third-country applicants should consider that Hungarians and EU citizens have the priority right to employment. Let's find out what salaries in Hungary in 2020.

Minimum salary in Hungary

According to the Hungarian government, the official minimum wage in Hungary in 2020 is 161,000 Forints ($545) per month for unskilled workers (base rate) and 210,600 Forints ($710) per month for skilled workers. Compared to last year, the minimum wage in Hungary increased by 12,000 Forints or 9% – from 149,000 HUF to 161,000 HUF.

The basic minimum wage in Hungary:

  • 161,000 HUF per month

  • 37,020 HUF per week

  • 7,410 HUF per day

  • 926 HUF per hour

Guaranteed minimum wage in Hungary*:

  • 210,600 HUF per month

  • 48,420 HUF per week

  • 9,690 HUF per day

  • 1,121 HUF per hour

*Note. The guaranteed minimum wage in Hungary is paid to workers who have at least a school certificate or diploma of vocational secondary education.

Over the last 5 years the minimum wage in Hungary has risen to 56,000 HUF, which means that in 2015 Hungarians received at least 105,000 HUF per month.

Average salary in Hungary

According to the official data of the Hungarian Central Statistical Office, the average salary in Hungary in 2020 is 367,800 Forints per month, which is equivalent to 1,240 US dollars at the current exchange rate. After payment of taxes, 244,600 Forints (825$) remains at the disposal of Hungarian workers. Compared to the same period last year (January-December), the average salary in Hungary has increased by 11.4%.

AVERAGE SALARY IN HUNGARY (HUF PER MONTH)

  • Business sector – 381,000 (gross)/253,400 (net)

  • Budgetary institutions – 339 400 (gross)/225 700 (net)

  • Non-profit institutions – 328 700 (gross)/218 600 (net)

The highest income in Hungary is recorded in financial and insurance activities (665,380 HUF) and the lowest in accommodation and food service (239,585 HUF). The average gross earnings of full-time Hungarians were 403,600 HUF for men and 335,800 HUF for women. The income of full-time employees under 25 years of age reached 285,000 HUF, between the ages of 25 and 54 384,800 HUF and for those over 54 years of age 363,100 HUF.

AVERAGE SALARY IN HUNGARY BY SECTOR OF ECONOMY

Sector of economy Forint per month Dollars per month
Financial and insurance 665,380 2,245
Information and communication 623,527 2,105
Electricity, gas, steam and air conditioning supply 603,003 2,035
Professional, scientific and technical activities 507,670 1,715
Public administration and defence 442,437 1,495
Mining and quarrying 433,732 1,465
Manufacturing 391,907 1,325
Arts, entertainment and recreation 366,803 1,240
Transportation and storage 345,091 1,165
Water supply, sewerage, waste management and remediation 343,570 1,160
Wholesale and retail trade 342,830 1,160
Education 334,862 1,130
Real estate operations 312,371 1,055
Human health and social work 247,211 835
Administrative and support services 306,208 1,035
Fishing, agriculture and forestry 293,207 990
Construction 287,851 970
Accommodation and food service 239,585 810
Other services 305,759 1,035

Hungary's unemployment rate does not exceed 3-4% and the income tax rate in 2020 is 15%, one of the lowest in the European Union.

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