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Median Wage Now Nearly HUF 400k, Confirms KSH

• 25 Aug 2022 9:15 AM
• Hungary Matters

The median gross wage in Hungary reached 389,200 forints (EUR 945) in June, the Central Statistical Office (KSH) said on Wednesday.

A broader set of data covering all full-time employees, not only the ones at employers with a headcount of five or more, show the average gross wage was 488,700 forints and the average net wage 325,000 forints in June.

Hungarians employed in finance and insurance were the highest earners in June, getting an average gross 829,700 forints.

People working in commercial accommodations and catering earned the least, 323,900 forints.

In the period January-June, men earned, on average, 21.6% more than women.

András Horváth, chief analyst at Magyar Bankholding, said wage growth beat expectations, adding that the trend was supported by employers’ efforts to attract and retain workers in a tight labour market, while keeping remuneration in line with rising prices. He put full-year wage growth over 16.5%.

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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