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 9.6 million people. Hungary has been a member of the European Union for 17 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 2022.

Minimum salary in Hungary

According to the Hungarian government, the official minimum wage in Hungary in 2022 is 200,000 Forints ($575) per month for unskilled workers (base rate) and 260,000 Forints ($750) per month for skilled workers. Compared to last year, the minimum wage in Hungary increased by 32,600 Forints or 19.5% – from 167,400 HUF to 200,000 HUF.

The basic minimum wage in Hungary:

  • 200,000 HUF per month

  • 45,980 HUF per week

  • 9,200 HUF per day

  • 1,150 HUF per hour

Guaranteed minimum wage in Hungary*:

  • 260,000 HUF per month

  • 59,780 HUF per week

  • 11,960 HUF per day

  • 1,495 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 72,500 HUF, which means that in 2017 Hungarians received at least 127,500 HUF per month.

Average salary in Hungary

According to official data from the Hungarian Central Statistical Office, the average wage in Hungary in 2022 is 467,300 forints per month, equivalent to 1,345 U.S. dollars at current exchange rates. After paying taxes, Hungarian workers have 322,100 forints ($930) at their disposal. Compared to the same period last year (January-December) the average wage in Hungary has increased by 13.7%.

AVERAGE SALARY IN HUNGARY (HUF PER MONTH)

  • Business sector – 476,800 (gross)/317,100 (net)

  • Budgetary institutions – 436,200 (gross)/290,000 (net)

  • Non-profit institutions – 479,300 (gross)/318,700 (net)

The highest incomes in Hungary were recorded in financial and insurance activities (HUF 785,197) and the lowest in accommodation and catering services (HUF 303,300). The average gross earnings of full-time Hungarians was HUF 508,100 for men and HUF 427,200 for women. Taking into account inflation for 2021 of 7.9% compared to the same period last year, real wages in Hungary increased by 5.4%.

AVERAGE SALARY IN HUNGARY BY SECTOR OF ECONOMY

Sector of economy Forint per month Dollars per month
Financial and insurance 785,197 2,265
Information and communication 764,111 2,200
Professional, scientific and technical activities 658,022 1,895
Electricity, gas, steam and air conditioning supply 616,968 1,780
Public administration and defence 512,183 1,475
Manufacturing 473,224 1,365
Arts, entertainment and recreation 460,586 1,325
Mining and quarrying 460,367 1,325
Transportation and storage 459,841 1,325
Wholesale and retail trade 439,847 1,270
Education 427,524 1,230
Human health and social work 415,494 1,195
Real estate operations 394,960 1,140
Water supply, sewerage, waste management and remediation 387,451 1,115
Administrative and support services 387,401 1,115
Construction 369,523 1,065
Fishing, agriculture and forestry 348,903 1,005
Accommodation and food service 303,260 875
Other services 376,231 1,085

Hungary's unemployment rate does not exceed 3-5% and the income tax rate in 2022 is 15%, one of the lowest in the European Union.

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