Ireland, which is the ancient Celtic name of the Republic of Ireland, occupies most of the island of Ireland, borders to the north with Northern Ireland, which is part of Great Britain.
The border between the countries remains blurred, one part of a village street may be in Irish possessions and the other in English possessions, so there are no checkpoints on the island. However, there are certain conditions that must be met when switching from one country to the other.
The population is 5,123,536 according to the 2022 census, the capital is Dublin, which is home to about a quarter of the country’s population (1.4 million people).
It has been a member of the Council of Europe (since 1949), the United Nations (since 1955), the European Union (since 1973), Euratom (since 1973), the European Monetary System (since 1979) and the World Trade Organization (since 1 January 1995).
Ireland is a country that boasts beautiful landscapes, rich history and picturesque cities.
But what is the situation with wages in this country? That’s why in this blog/episode we will look in detail at the minimum and average wages, pay by professions and regions, payroll taxes and living costs in Ireland.
Minimum wage
Ireland has an established minimum wage, which is called the “Minimum Annual Wage”. According to local government data, the official minimum wage in 2023 is 11.30 euros per hour or 1,909 euros per month (before taxes).
It applies to all workers, regardless of their experience or age. Quite often, local companies include the provision of food and accommodation to the minimum wage.
Average salary
The average salary in Ireland depends on a multitude of factors, including the profession, experience, education and region in which a person works. According to official information from the Irish Central Statistics Office, the average salary in Ireland in 2023 was 27.72 euros per hour, 900.26 euros per week or 4,435.2 euros per month (before taxes). In big cities like Dublin, Cork and Galway, the average salary can be higher.
An official job in Ireland pays an average of 3,900 euros per month, of which there are about 2,965 euros after taxes. The highest incomes are registered in the information and communication sector, and the lowest in the accommodation and catering sector. In the public sector of the economy, the salary in Ireland is 1,133.47 euros and in the private sector it is 830.57 euros.
Wages by economic sector on a weekly basis
Ireland offers a variety of jobs and occupations that can vary greatly in terms of wages. Highly paid occupations include information technology, pharmacy, engineering, and finance. At the same time, service and hospitality professions typically offer lower wages. Here are some of them:
§ Information and communication – 1512.16 euros per week.
§ Finance, insurance and real estate – 1256.31 euros per week.
§ Public administration and defence – 1117.40 euros per week.
§ Professional, scientific and technical activity – 1084.91 euros per week.
§ Industry – 1008.52 euros per week.
§ Training – 999.83 euros per week.
§ Construction – 939.74 euros per week.
§ Health care – 868.34 euros per week.
§ Transport and storage – 862.62 euros per week.
§ Administrative and auxiliary services – 703.99 euros per week.
§ Wholesale and retail trade – 652.08 euros per week.
§ Arts, entertainment, recreation and other services – 582.36 euros per week.
§ Overnight stay and food – 408.63 euros per week.
Information on average wages is based on official data from the Central Statistics Office of Ireland.
Payroll taxes
In Ireland, the income tax situation is very interesting. Irish law provides for payment under a special “pay as you receive” system. Also, the Irish tax system provides for the payment of fees of different amounts, taking into account the marital status of the citizen.
The maximum tax rate is 41 percent. According to experts, this is a very large amount, which is why the Irish government has presented new bills regulating the level of payment of income tax depending on the annual salary of the person. So, according to these innovations, the maximum rate will now be paid only by citizens who meet the following criteria:
The annual income of a person is over 32,800 euros.
The price is 41,850 euros for a family with a single price.
The salary of a family with two workers is over 65,600 euros.
Other citizens whose income is below the specified amounts are obliged to pay 20-25%. The country is quite loyal to different categories of citizens, here benefits are given to people with disabilities, widows, mothers and single parents. For example, people who have reached the age of 65 are tax-free if their income is less than 18,000 per year.
In addition, the government continues to reduce interest rates, which makes the system even more convenient for the citizens of the state. The share of taxes in the gross domestic product of the country is 28%, which is a very good indicator.
Cost of living in Ireland
The cost of living on Emerald Island may vary depending on your lifestyle. The average values are between €700 and go up to €1,500 per person, depending on your monthly expenses.
This is because the cost of living in Ireland includes variables such as rent, housing bills, transport, health and recreation. And all these things will depend, in addition to the way of life of the city.