The cost of living in Budapest is 100 percent higher than the national average. For some perspective (2017 data): Salaries are calculated and paid monthly in Hungary, so these are monthly values. In our comparison over 78 countries, the USA comes 9th with an average income of 65,760 USD. The average income is calculated by gross national income and population. The most typical salary is EUR 43,895 (Gross). Earnings in the private sector advanced 9.9 percent, compared with 11.5 percent in July; while wages in public sector rose 7.5 percent, slowing from 10.4 percent. Average Salary in Hungary - Job and Sector Comparison. Gross annual wage *DISCLAIMER: The calculator below gives you an accurate amount of net / gross salary and total company cost of employment based on the actual Hungarian legislation for 95% of the cases. Average take home earning is EUR 39,923 (Net). Get access to our salary comparison calculator by signing up. Average salary in Germany is EUR 62,464. Time to read the page 30 min. The average salary in Budapest is 6m Ft. Trends in wages decreased by -100.0 percent in Q3 2020. The average salary in a given country is a very biased thing when it comes to the welfare of each individual resident in this region. Average income around the world The worldwide highest income is earned in Monaco. Chart: Average Monthly Net Salary (After Tax), Salaries And Financing As Magyar Hang writes, the most substantial differences were revealed in the first quarterly report for 2020. Plese fill the gap on the left in order to get your mounthly take-home wage evaluation. There are special cases for special groups of the population, where lower taxes and contributions apply. Software Engineer salaries in Budapest are low.For this job type, Budapest ranks 224th for salaries among 265 cities. These are the only regions in the entire country that performed … The chart below reflects the average (mean) wage as reported by various data providers. Job: Net Monthly Income constant 2005 US$ (1): Notes : Gross Monthly Average Income (2): Compulsory Deductions (3): Airline Pilot average salary: PPP $ 2,629: $ 1,669: Employees, May 2005. In the first three months of the year, the highest average net salary was recorded in Budapest with EUR 915 (HUF 319,968), followed by the country’s westernmost region, Győr-Moson-Sopron county with EUR 771. and it is quite another to compare the income of the president from the highest echelons of power with unskilled service personnel, such as janitors. In these … This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. Hungary's average gross wages increased by 9.1 percent from a year earlier to HUF 391,600 in August 2020, easing from a 10.8 percent growth in the previous month. It is calculated quite simply: by obtaining the arithmetic mean. The salary calculator applies the amendments of the legal regulations introduced as 1th of January 2020. Salary Calculator – Updated for 2019! Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Budapest. This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. Salaries range from 126,000 HUF (lowest average) to 2,230,000 HUF (highest average, actual maximum salary is higher).. A person working in Budapest typically earns around 500,000 HUF per month. The smallest budget per capita exists in the Democratic Republic of the Congo.