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 2023.

Minimum salary in Hungary

According to the Hungarian government, the official minimum wage in Hungary in 2023 is 232,000 Forints ($690) per month for unskilled workers (base rate) and 296,400 Forints ($880) per month for skilled workers. Compared to last year, the minimum wage in Hungary increased by 32,000 Forints or 16% – from 200,400 HUF to 232,000 HUF.

The basic minimum wage in Hungary:

  • 232,000 HUF per month

  • 53,580 HUF per week

  • 10,716 HUF per day

  • 1,339 HUF per hour

Guaranteed minimum wage in Hungary*:

  • 296,400 HUF per month

  • 68,360 HUF per week

  • 13,672 HUF per day

  • 1,709 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 94,000 HUF, which means that in 2018 Hungarians received at least 138,000 HUF per month.

Average salary in Hungary

According to official data from the Hungarian Central Statistical Office, the average wage in Hungary in 2023 is 531,200 forints per month, equivalent to 1,575 U.S. dollars at current exchange rates. After paying taxes, Hungarian workers have 366,400 forints ($1,085) at their disposal. Compared to the same period last year (January-December) the average wage in Hungary has increased by 0.8%.

AVERAGE SALARY IN HUNGARY (HUF PER MONTH)

  • Business sector – 542,300 (gross)/360,600 (net)

  • Budgetary institutions – 496,600 (gross)/330,200 (net)

  • Non-profit institutions – 519,300 (gross)/345,400 (net)

The highest income in Hungary was recorded in information and communication (HUF 912,500), and the lowest in accommodation and catering services (HUF 348,200). Including inflation for 2022 of 25.4% compared to the same period last year, real wages in Hungary decreased by 19.6%. The average net gross earnings of Hungarians was HUF 362,600 excluding tax credits and HUF 375,500 including tax credits.

AVERAGE SALARY IN HUNGARY BY SECTOR OF ECONOMY

Sector of economy Forint per month Dollars per month
Information and communication 912,500 2,705
Financial and insurance 809,400 2,400
Electricity, gas, steam and air conditioning supply 758,800 2,250
Professional, scientific and technical activities 679,100 2,015
Mining and quarrying 589,600 1,750
Public administration and defence 587,800 1,745
Human health and social work 584,600 1,195
Manufacturing 557,600 1,655
Arts, entertainment and recreation 505,300 1,500
Transportation and storage 499,800 1,480
Wholesale and retail trade 494,700 1,465
Education 489,800 1,450
Water supply, sewerage, waste management and remediation 463,000 1,375
Real estate operations 449,200 1,330
Administrative and support services 447,000 1,325
Construction 409,000 1,215
Fishing, agriculture and forestry 394,800 1,170
Accommodation and food service 348,200 1,030
Other services 413,700 1,225

Hungary's unemployment rate does not exceed 4-5% and the income tax rate in 2023 is 15%, one of the lowest in the European Union.

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