What are the salaries in Hungary in 2023?
Hungary is an attractive country for work and living due to the variety of job opportunities and low unemployment rate. In this article, we will examine the current situation in the Hungarian labor market and assess salaries in different fields of activity.
Currently, there are numerous job vacancies in the Hungarian labor market, which opens up new opportunities for those seeking work in Europe. The unemployment rate in Hungary is only 4.1%, indicating a high demand for labor force and skilled workers. Expats who speak different foreign languages have particularly good chances of finding well-paid jobs.
According to the Central Statistical Office of Hungary, the average salary in 2023 is 566,800 forints per month, which is approximately $1628. However, the average net salary after tax payment is around 370,200 forints or $1063. This should be taken into account when planning a budget and expenses.
Minimum and average salaries in Hungary in 2023:
| Hungarian Forints per month | Dollars per month | |
|---|---|---|
| Average Salary | 566,800 | $1,628 |
| After Tax | 370,200 | $1,063 |
| Minimum Salary for Unskilled Workers | 232,000 | $660 |
| Minimum Salary for Skilled Workers | 296,400 | $850 |
The minimum wage at the national level is set by the government. In 2023, it amounted to 232,000 forints per month ($660) for unskilled workers and 296,400 forints ($850) for skilled workers. These figures can serve as a benchmark for those who are just starting their career or planning to change their field of activity.
Table of salaries in Hungary in different sectors ($/month) in 2023
| Sector | Salary ($/month) |
|---|---|
| Information and Communication Services | 2,700 |
| Financial Services and Insurance | 2,400 |
| Scientific and Technical Activities | 2,000 |
| Healthcare and Social Work | 1,200 |
| Manufacturing | 1,650 |
| Arts, Entertainment, and Recreation | 1,500 |
| Logistics | 1,500 |
| Wholesale and Retail Trade | 1,500 |
| Education | 1,450 |
Based on the table above, the following analytical conclusions can be made about salaries in Hungary in different sectors:
- The highest paying sectors in Hungary are information services and communication, financial services and insurance. The average salary in these sectors is $2400-2700 per month.
- Salaries in the scientific and technical activities sector are also quite high, averaging $2000 per month.
- Healthcare and social work, manufacturing, arts, entertainment and recreation, logistics, wholesale and retail trade, and education are sectors where salaries are at the national average level and range from $1200 to $1650 per month.
Thus, salaries in Hungary in 2023 can vary significantly depending on the sector of activity and level of qualification. All of this should be taken into account when choosing a profession or planning a career. Favorable economic conditions and low unemployment make Hungary an attractive place for work and development.
