Average Salary in Hungary 2024

Unveiling Hungary's Salary Landscape: Exploring Pay Scales, Wage Gaps, Yearly Increments, and Education-Level Breakdown. Discover the intricacies of Hungary's salary structure as we delve into the country's pay scales, shedding light on wage gaps, annual increments, and the impact of educational background and years of experience. Uncover valuable insights to navigate this dynamic landscape, ensuring well-informed decisions for individuals and organizations alike. Join us in unraveling the fascinating story of Hungary's compensation landscape.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Hungary in 2024?

What is the average salary in Hungary in 2024?
1,400USD
(USD 16,100 yearly)
Low 610 USD
Average 1,400 USD
High 5,900 USD
A person working in Hungary typically earns around USD 1,400 per month. Salaries range from USD 610 (lowest average) to USD 5,900 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Hungary in 2023, salaries changed by +1.5% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Hungary

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 5,900, 75% of the people earn USD 1,900 or less. 50% employees earn less USD 1,300 or less, 25% of the employees earn less than USD 970.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 5,900, 75% of the people earn USD 1,900 or less. 50% employees earn less USD 1,300 or less, 25% of the employees earn less than USD 970.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Hungary the minimum salary is USD 610.

Median Salary

With half of the values above and half below it, the median salary in Hungary serves as the middle point of all salaries in a dataset. This measurement provides a more balanced representation of income distribution and is commonly utilized to determine average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Hungary the salary ranges from USD 610 to USD 5,900.

Annual Salary Increments in Hungary

What is the average annual salary increment in the Hungary? How frequently do employees receive salary raises?

During 2024, Hungary recorded an average salary increment of around 1.5% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 1.5%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 employees in Hungary received around 1.5% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 1.5%.

Historical Graph of Annual Salary Increments in Hungary

Within the past years, employees in Hungary have seen their salaries increase by an average of 7.1% per year. This encompasses a range of 1.3% to 17.2% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Hungary employees have, on average, received a yearly salary increase of 7.1% in recent years. The increment has ranged from 1.3% to 17.2% per year.

Salary Forecast and Trends for the Future in Hungary

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 7.4%. Estimated range is between 4.1% and 11.3%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 7.4%. Estimated range is between 4.1% and 11.3%.

Gender Wage Gap in Hungary

What is the difference in pay between mens and womens? Men vs. women salary comparison.

In terms of wage disparity, Hungary experiences 13.1%.Download chartGet chart linkShare on FacebookShare on Twitter
13.1% is the current wage gap in Hungary.
It's due to many factors, such as:
  • Bias towards a particular gender.
  • On average, women have 10% longer paid vacations than men each year.
  • When it comes to college degrees, women are less represented than men.
  • Compared to men, women are more likely to take on caregiving responsibilities for children and elderly relatives.
  • Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
  • Occupations with lower pay are predominantly filled by women rather than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The successful completion of high school and attainment of a bachelor's degree bring forth a wide range of advantages. Primarily, they greatly enhance one's career prospects by increasing earning potential and opening doors to a broader range of job opportunities. Apart from monetary benefits, pursuing a bachelor's degree nurtures personal growth, fosters critical thinking skills, and enables specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and promotes the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that leads to a more enriching and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. demonstrates a strong dedication to knowledge and paves the way for a successful and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 9%-13%. Expertise and leadership bring higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of nearly 9%-13%. Expertise and leadership secure higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Hungary

What is the average hourly wage in the Hungary?

Average Hourly Wage
8USD
Low 4 USD
Average 8 USD
High 35 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages can lead to irregular or fluctuating income, posing challenges for budgeting and expense planning.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks typically associated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Certain hourly positions may offer limited chances for career advancement, professional growth, or upward movement within the company.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Hungary

What are the best paying jobs in Hungary?

List with best paid jobs in HungaryDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Hungary?

  1. Surgeon (USD 5,900)
  2. Doctor (USD 5,300)
  3. Chief Executive Officer (CEO) (USD 5,100)
  4. Registered Nurse Anesthetist (USD 4,900)
  5. Dentist (USD 4,700)
  6. Airline Pilot (USD 4,600)
  7. Intellectual Property Lawyer (USD 4,400)
  8. Marketing Manager (USD 3,900)
  9. Marketing Director (USD 3,900)
  10. Sales Director (USD 3,700)
  11. Sales Manager (USD 3,700)
  12. Petroleum Engineer (USD 3,600)
  13. Brand Manager (USD 3,600)
  14. Marketer (USD 3,600)
  15. Judge (USD 3,500)
  16. Treasurer (USD 3,500)
  17. Controller (USD 3,500)
  18. Pharmacist (USD 3,400)
  19. Tax Lawyer (USD 3,300)
  20. Lawyer (USD 3,300)
List with worst paid jobs in HungaryDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Hungary?

  1. Cashier (USD 630)
  2. Childcare Worker (USD 660)
  3. Stock clerk (USD 670)
  4. Elder Care Worker (USD 680)
  5. Receptionist (USD 700)
  6. Bartender (USD 760)
  7. Food and beverage server (USD 770)
  8. Janitor (USD 770)
  9. Waiter (USD 780)
  10. Tour Guide (USD 790)
  11. Customer Service Representative (USD 950)
  12. Hotel Concierge (USD 960)
  13. Rehabilitation Counselor (USD 970)
  14. Travel Agent (USD 1,100)
  15. Secretary (USD 1,100)
  16. Painter (USD 1,200)
  17. Carpenter (USD 1,200)
  18. Bus Driver (USD 1,200)
  19. Artist (USD 1,200)
  20. Truck Driver (USD 1,300)
List with best paid industries in HungaryDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 3,800)
  2. Business and Management (USD 3,200)
  3. Marketing and Sales (USD 3,000)
  4. Engineering (USD 2,700)
  5. Law (USD 2,600)
  6. Accounting and Finance (USD 2,600)
  7. Computer and Information Technology (USD 2,500)
  8. Transportation and Logistics (USD 2,500)
  9. Science (USD 2,400)
  10. Education and Training (USD 2,000)
  11. Other (USD 1,500)
  12. Hospitality and Tourism (USD 1,300)
  13. Social Services (USD 1,100)
  14. Services (USD 920)