Cookie settings The company Workforce Selection s.r.o. IČO: 09377506 manages the platform with job ads in Europe Workforceselection.eu We work with cookies and according to the new regulations we must inform you about their use. In some cases of advanced analytical and marketing cookies, we must ask for consent to their use. This happens (not only here) most often in the form of an annoying pop-up bar. If you give us your consent, press „I agree“ and the bar will no longer bother you. If you do not agree to the setting of cookies, press „Reject“ On our website we use so-called cookies, which are short files that our website stores in the browser of your device (computer, mobile phone, tablet…) from which you view our website. If you are interested, you can see what they are and what settings they have to change them if necessary. Functional cookies Without some cookies, our website would not be able to function at all. They help display website content or, for example, process logins. These files are called „functional cookies“. We use them too – we just can’t do without them. Analytical cookies We also have so-called „analytical cookies“ on the website. They do not affect the direct functioning of the website from the user’s point of view, but we, as the operator, need them for the proper functioning of the website. Without them functioning, among other things, we cannot properly assess whether the user perceives the site as we assume. They also help us determine if the website is working correctly on all devices or if there is a serious error. Last but not least, the output of these statistics is also important for the actual determination of the effectiveness of our partners’ advertising campaigns, on the basis of which they charge us for their services. It is therefore in our legitimate interest to use this service. On our website, we use the analytical tool Google Analytics from Google for these purposes. We use them in a setting that does not allow identifying a specific user through cookies. However, you can refuse the use of these cookies and inform us that you do not give us your consent. Marketing cookies We also use so-called marketing cookies on our website. In the basic settings, however, we do not use so-called personalized cookies, which means that your behavior is not further monitored and you are not followed by advertisements that would link you to a visit to our page on other websites or social networks that you visit. Likewise, we do not use marketing cookies to further plan campaigns in PPC systems. We use marketing cookies on our website only to primarily display non-personalized advertising from the Google Adsense advertising network and our internal advertising system. Advertising revenue is the main and only source of funding for our website. We couldn’t really function without them. It is therefore our legitimate interest to display advertisements on the website and use basic marketing cookies to operate our website. However, you can also give us your consent for personalized marketing cookies – AGREE. You can also refuse the use of these cookies and inform us that you do not give us your consent. If you don’t mind this cookie setting and at the same time want to get rid of the annoying pop-up bar, click here on AGREE. You can withdraw this consent here at any time or reset storage settings or reject cookies.
Hungary is an inland country in Central Europe. It is landlocked and borders Austria, Slovakia, Ukraine, Romania, Serbia, Croatia and Slovenia.
Hungary is a member of a number of international organizations, including: NATO since 12 March 1999, the EU since 1 May 2004 and the Schengen Agreement of 21 December 2007.
The population of the country is 9 730 000 people, among whom belong a number of nationalities.
Hungary, as it has already become clear, has no sea, but it is a beach destination. With almost 600 sq. Km. Lake Balaton is the largest lake in Central Europe. It is so large that it is often called the Hungarian Sea, and tourists have been flocking to its shores for decades in search of sunshine. And the water in the nearby Lake Hévíz has medicinal properties and is believed to cure rheumatism.
Hungary is one of the most preferred countries for excursions. With its many natural and cultural treasures and landmarks, it is a very attractive country. The capital Budapest attracts millions of tourists every year. There is a very well-developed economy and therefore in this topic, we will study minimum and average wages, the variety of professions and the way salaries are distributed in different regions. Also, we will look at income and cost of living taxes in Hungary.
Minimum wage
Under an agreement, the monthly minimum wage for unskilled workers will rise by 16 percent to 232,000 forints (604 euros), while the minimum wage for skilled workers is 296,400 forints (775 euros). The minimum wage applies to all workers, regardless of age, gender, education or occupation. Employers are required to pay a minimum wage to all their employees who work at full wage. The minimum wage in Hungary is relatively low compared to other developed countries of the European Union. Despite its low level, the minimum wage in Hungary is important for the social protection of workers. It provides a minimum standard of living for workers who receive a minimum wage.
Average salary
The average salary varies greatly depending on the profession and sector of activity. Hungary offers a variety of professional opportunities, such as the financial sector, information technology and manufacturing. For example, the average salary in the IT sector is about 3,000 euros, and in the construction sector – about 1,500 euros.
The average salary in Hungary is 987,993 forints per month (2,585 euros), but the most commonly received is 491,956 forints (1,287 euros) per month. Salaries are different for men and women, with men receiving more.
Some of the most paid careers are in agriculture and fishing with an average income of 2,312,196 forints (6,050 euros) per month and management and business 1,539,534 forints (4,029 euros) per month.
There are also differences in salaries depending on the length of service.
Distribution of wages by occupation
The amount of salary varies depending on the profession and here are some concrete examples of salaries in different professions in Hungary:
ИТ – 1,111,243 HUF(2 908 €)
Teacher – 648,225 HUF(1 696 €)
Accountant – 746,616 HUF(1 953 €)
Human Resources Specialist – 969,443 HUF(2 537 €)
Lawyer – 897,097 HUF(2,347 €)
Restaurateurs – 816,069 HUF(2,135 €)
Sales consultant – 781,342 HUF(2 044 €)
Hotels and tourism – 555,621 HUF(1,454 €)
Driver – 491,956 HUF(1,287 €)
Builder – 491,956 HUF(1,287 €)
Employees in production – 230,798 HUF(604 €)
Income taxes in Hungary
The personal income tax in Hungary is progressive. The tax rate depends on the amount of income. For incomes up to 5,300,000 forints (13,870 euros) per year, the tax rate is 15%. For incomes over 5,300,000 forints per year, the tax rate is 30%.
The corporate tax in Hungary is 9% of the profit made in Hungary. The tax is paid by all companies that are registered in Hungary, regardless of their nationality or place of management.
VAT in Hungary has two rates: a common rate of 27% and a reduced rate of 18%. Zero VAT applies to certain goods and services, such as medicines, food, books, etc.
Real estate tax: 1.1% of the tax base is determined by the tax administration. Tax on movable property: 0.3% of the tax base is determined by the owner of the property. Tax on movable property: 0.3% of the tax base is determined by the owner of the property.
In addition to the main taxes, other taxes apply in Hungary, such as:
Alcohol tax: 27%.
Tobacco tax: 27%.
Motor vehicle tax: 10-30%.
Inheritance and gift tax: 10-40%.
Hungary has signed double taxation agreements with more than 70 countries around the world. These agreements are designed to prevent double taxation of the income and wealth of persons who are residents of two or more countries.
Cost of living
If you are considering moving to Hungary, the different costs I will indicate will help you make an informed decision about the costs associated with moving and living in Hungary.
The majority of Hungarians own homes, and the forecast is that the share of homeowners in Hungary in the future will rise to 84.47%. Rental prices vary greatly, with Budapest being the most expensive place to rent an apartment/house.
One-bedroom apartment outside the city center: Ft 80,000 (200E) – Ft 180,000 (470E)
Expenditure on food, groceries and restaurants
Cheap restaurant: Ft 1,800 (€4.7)- Ft 4,242 (€11)
Café: Ft 340 (1 €)- Ft 950 (2,5 €)
Coca-Cola bottle: Ft 300 (€0.80) – Ft 590 (€1.5)
1L мляко: Ft 199 (0,5 €) – Ft 450 (1,2 €)
Хляб: Ft 340 (0,9 €) – Ft 950 (2,5€)
12 яйца: Ft 450 (1,2 €) – Ft 960 (2,5 €)
1 kg chicken fillets: Ft 1065 (2.8 €) – Ft 2200 (5.7 €)
1 kg of beef: Ft 2,200 (€ 5,7) – Ft 5,207.00 (€ 13,6)
1 kg apples: Ft 248.00 (0,65 €) – Ft 650 (1,7€)
1 kg white rice: Ft 280 (0.7 €) – Ft 800 (2 €)
Transport in Hungary is rail, road, water or air. Every city and village has a well-established public transport system, which mainly uses buses, metro, tram, railway and trolleybuses. The cost of public transport is extremely low.
Single for adults – Ft 300 (0.8 €) – Ft 400 (1 €)
Monthly card – Ft 7,700 (€20) – Ft 10,500 (€27)
Cost of Internet
Telekom- ft 7,090 (18€)/месец за 50GB
Yettel- Ft 7,990 (€20)/month for download speed 150 Mbps and upload speed 50Mbps (1000GB)
Expenses for clothing, personal belongings, gym and leisure
Here I will indicate some prices of clothes, as well as other useful prices.
Pair of jeans: 9,500 Ft (€25) – 35,000 Ft (€90)
Summer dress: Ft 6,000 (€15) – Ft 15,000 (€40)
Running shoes (sneakers): 17,000 (€44) – 35,000 (€90)
Business footwear: Ft 17,000 (€44) – Ft 45,000 (€117)
Short visit to the doctor (15 minutes): Ft 15,081(€40)
Deodorant: Ft 983 (2,5 €)
Champagne: Ft 971 (2.4 €)
Toilet paper (4 rolls): FT 491 (1,2 €)
Gym membership: Ft 8,500 (€22) – Ft 20,000 (€52) per month
Cinema (cinema) ticket: 1,500 (€4) – 2,500 (€6.5)