SALARY IN ROMANIA

Romania is located in the south-eastern part of Europe. It borders with Ukraine, Moldova, Hungary, Serbia and Bulgaria. It is washed by the waters of the Black Sea in the southeast. Romania has been a member of the European Union since 2007. The population of Romania in 2020 is about 19.2 million people. Unemployment is around 3-4%. The state has low taxes, but also the level of income is significantly lower than in more developed European countries. Let's find out what salaries in Romania in 2020.

Salary in Romania

Minimum salary in Romania

According to the local government (Decree No. 935/2019), the official minimum wage in Romania in 2020 (from January 1) is 2,230 leu per month, which is equivalent to 540 American dollars. Compared to the previous year, the country's minimum wage was increased by 150 leu per month (7.21%). Since the inflation rate at the end of 2019 was 4%, the purchasing power of Romanian workers increased.

Over the past 5 years, the minimum wage in Romania has increased by 1,255 leu – from 975 leu in 2015, to 2,230 in 2020. That is more than double. For positions requiring higher education, the new minimum wage (gross) for a full-time employee who meets this condition is set at 2,350 leu (about $570). For workers in the construction sector, the minimum gross wage has remained the same at 3,000 leu (about $730).

Average salary in Romania

According to official information from the National Institute of Statistics, the average wage in Romania in 2020 is 5,414 leu per month, equivalent to $1,315. After paying taxes, a Romanian worker has 3,321 leu (about $805) at his or her disposal. The highest salaries in Romania are registered in the information and communication sector (10,289 leu), and the lowest in the accommodation and food sector (2,885 leu).

AVERAGE SALARY IN ROMANIA BY SECTOR OF ECONOMY

Sector of economy Leu per month Dollars per month
Information and communication 10,289 2,500
Financial and insurance activities 8,928 2 ,170
Public administration and defense 8,530 2,075
Production and supply of electricity and heat, gas, hot water and air conditioning 7,990 1,945
Professional, scientific and technical activities 7,136 1,735
Health care and social work 6,784 1,650
Education 5,982 1,455
Transportation and storage 5,241 1,275
Entertainment and cultural activities 4,913 1,195
Manufacture 4,901 1,190
Real estate operations 4,687 1,140
Wholesale and retail trade 4,562 1,110
Water distribution, waste management 4,454 1,085
Agriculture, forestry and fishery 4,282 1,040
Construction 4,231 1,030
Administrative and auxiliary activities 4,161 1,010
Accommodation and catering 2,885 700
Other service activities 3,612 880

Note. The information regarding average wages in Romania by sector is based on the most recent official data of the Romanian National Institute of Statistics.

In conclusion, we note that the income tax rate in Romania is 10%. Along with Bulgaria, this is the lowest rate among all European Union countries.

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