MINIMUM AND AVERAGE SALARY IN SLOVAKIA

Slovakia is a small country with a population of about 5.5 million people, located in central Europe. It is landlocked and borders on the Czech Republic, Poland, Ukraine, Hungary and Austria. It has very beautiful nature with many national parks, lakes and mountains. More than 40% of the country's territory is occupied by forests.

Salary in Slovakia

Slovakia is part of the European Union and has an open market economy with minimal corruption and bureaucracy in power structures. All this creates comfortable living and employment conditions. Let's find out what salaries in Slovakia in 2020.

Minimum salary in Slovakia

According to official data from the Slovak government, the minimum wage in Slovakia in 2020 is 580 euros per month (6,960 euros per year). The hourly rate is 3.33 euros. In 2019, the minimum wage in Slovakia was 520 euros per month, an increase of 60 euros or 11.54 percent. And in the last 10 years Slovaks' income increased by 272.3 euros – from 307.7 euros per month in 2010 to 580 euros in 2020.

After all deductions, the minimum wage in Slovakia in 2020 is 476.74 euros per month. The rate varies depending on the degree of responsibility and complexity of work (table).

MINIMUM WAGE IN SLOVAKIA

Level of difficulty Coefficient Rate
1 1 580
2 1,2 696
3 1,4 812
4 1,6 928
5 1,8 1,044
6 2 1,160

In addition, local workers receive special bonuses for night shift exits (40%/1.33 euros), for on-duty departures (20%/0.67 euros) and weekend work – Saturday (50%/1.67 euros) and Sunday (100%/3.33 euros).

Average salary in Slovakia

According to official data from the Slovak Statistical Office, the average salary in Slovakia in 2020 is 1,177 euros per month. Compared to last year, the income of Slovak workers increased by 6.9 percent. Most of them are paid in Bratislava region – 1,445 euros.

The highest average monthly wage in Slovakia is recorded in the information and communication sector (2,041 euros), as well as in financial and insurance activities (1,903 euros). The lowest average salary is in the residential and catering sectors (714 euros) and in the construction sector (788 euros).

SALARY IN SLOVAKIA BY SECTOR OF ECONOMY

Sector of economy Euro per month
Information and communication 2,041
Financial and insurance activity 1,903
Public administration and protection 1,716
Extraction of mineral resources 1,317
Health care and social work 1,253
Production 1,232
Professional, scientific and technical activity 1,205
Water supply, sewerage and waste management 1,177
Wholesale and retail trade 1,072
Transportation and storage 1,159
Operations with real estate 1,051
Education 1,150 1,159
Art, entertainment and leisure 1,232
Administrative and support services 1,005
Fishing, agriculture and forestry 843
Construction 788
Accommodation and meals 714
Other 798

Note. Information on average wages in Slovakia by sector of economy are based on official data from the local statistical office.

In conclusion, the unemployment rate in Slovakia is about 5%, and the income tax rate in 2020 ranges from 19% (income up to 37,163.36 euros per year) to 25% (income over 37,163.36 euros per year).

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