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 10 million people. Hungary has been a member of the European Union for 20 years (since 2004), but is not the most successful country of this association, including in terms of salaries.
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 2024.
Minimum salary in Hungary
According to the Hungarian government, the official minimum wage in Hungary in 2024 is 266,800 Forints ($750) per month for unskilled workers (base rate) and 326,000 Forints ($915) per month for skilled workers. Compared to last year, the minimum wage in Hungary increased by 34,800 Forints or 13% – from 232,000 HUF to 266,800 HUF.
The basic minimum wage in Hungary:
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266,800 HUF per month
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61,340 HUF per week
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12,270 HUF per day
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1,534 HUF per hour
Guaranteed minimum wage in Hungary*:
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326,000 HUF per month
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74,950 HUF per week
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14,990 HUF per day
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1,874 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 117,800 HUF, which means that in 2019 Hungarians received at least 149,000 HUF per month.
Average salary in Hungary
According to official data from the Hungarian Central Statistical Office, the average wage in Hungary in 2024 is 605,400 forints per month, equivalent to 1,700 U.S. dollars at current exchange rates. After paying taxes, Hungarian workers have 417,100 forints ($1,170) at their disposal. Compared to the same period last year the average wage in Hungary has increased by 14%.
AVERAGE SALARY IN HUNGARY (HUF PER MONTH)
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Business sector – 611,800 (gross)/406,800 (net)
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Budgetary institutions – 582,100 (gross)/387,100 (net)
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Non-profit institutions – 608,000 (gross)/404,300 (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). Adjusted for inflation for 2023 of 3.7% year-on-year, real wages in Hungary increased by 9.9%. The average net gross net earnings of Hungarians amounted to HUF 402,600 excluding tax benefits and HUF 417,100 including tax benefits.
| 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 2024 is 15%, one of the lowest in the European Union.
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