In March 2025, the gross average salary of full-time employees was HUF 714,400 ($1,996), and the net average salary was HUF 490,400 ($1,370). The gross average salary was up 8.5 percent, or HUF 56,000, while the net average salary increased 8.4 percent, and the real salary was 3.5 percent higher than a year earlier, the Central Statistical Office (KSH) announced on Tuesday, as reported by Mandiner.
The median gross salary was HUF 550,000, and the median net salary was HUF 381,700, exceeding the same periods of the previous year by 8.6 percent and 8.3 percent, respectively. In March, the regular average gross salary (without bonuses, rewards, and monthly special allowances) can be estimated at HUF 648,700, which is 8.4 percent more than in the same period of the previous year.
Real wages rose by 3.5 percent, while consumer prices rose by 4.7 percent compared to the same period last year.
In January-March 2025, the average gross salary of full-time employees was HUF 680,400, and the average net salary was HUF 467,600. The average gross salary increased by 9.2 percent, while the net salary increased by 9.1 percent compared to the same period of the previous year.
The Ministry of National Economy responded to the latest news in a statement: “Despite the continuous pressure from Brussels, the government is not spending Hungary’s resources on Ukraine, but rather on supporting the Hungarian population, especially families with children. The government is constantly fighting to expand the financial room for maneuver of families, which is why it is implementing the largest tax reduction program in Europe. The government’s goal is for Hungarian families to feel the impact of rising wages and tax cuts in their pockets, which is why it is continuously fighting against unjustified price increases with the extended margin reduction.”
Real wages have been growing continuously for more than a year and a half, significantly improving the financial situation of families.
Sándor Czomba, state secretary responsible for employment policy, highlighted that compared to 2010, the average wage has more than tripled, while the minimum wage has quadrupled. He noted that families have more and more money to spend. The government is committed to further strengthening the financial security of families, which is why it is implementing the largest tax reduction program in Europe.
Within this framework, the infant care fee, childcare fee and adoption fee will be fully exempt from personal income tax starting this July, and from Oct. 1, mothers with three children, and then from Jan. 1, 2026, mothers with two children will also receive a lifetime personal income tax exemption in four stages; mothers under 30 will also receive a full income tax exemption.
Be the first to comment