What is the average salary in Ireland if we were to exclude minimum wager jobs such as retail 70 to 100k would be my guess.
This is false.
33k is not the median for FT earnings. What is your source, please be very specific.
It is more like 42k.
I will check the CSO data soon.
Why do people always assume this is automatically the case? I've been on Jobseekers twice over the course of my working life and neither time did I get my rent paid. Or a medical card. Or any of the additional freebies that are always cited as being handed out willy nilly.
Every now and again a thread is started on boards claiming the average wage is 70/80/90k just because they heard someone was earning that down the pub. Although first hand in the pub I saw a monthly payslip of 16k before tax, yes an IT worker, he showed me because he was wondering how much he could pension because his tax bill was pretty massive as you'd expect at that pay rate. So, they do exist.
And that you couldn't live in Dublin on less than 120k a year, thats another well worn opinion here.
Completely unrepresentative of what I have seen first hand over the years, and still see to this day.
There are hundreds of thousands of people on 40/45/50k with mortgages, kids and decent cars going on holidays and pints at the weekends, paying into pensions, have their houses done up well and dress well too. I have no idea what their spouses earn but in many cases probably the same.
They will never be wealthy, and will always have an eye on the bank balance and a few concerns unless inheritance or some other windfall but they are leading happy and living fulfilling lives and not denying themselves much.
There are two types of earnings data published by CSO.
The first is based on a survey of firms:
The second is called Structural Earnings
Structural Earnings is not based on a survey of firms. Instead, the data is based on admin data sources, see below:
The Earnings Analysis using Administrative Data Sources (EAADS) publication presents earnings statistics compiled based on administrative data sources. The primary data source is the Revenue Commissioner’s employee tax data. This is linked to the Central Statistics Office (CSO) Business Register and other data to provide economic and demographic breakdowns of employee earnings in Ireland.
Matched datasets on which this publication is based are created for each year in the period 2011 to 2020. These reference datasets allow for a detailed analysis of earnings based on the economic and demographic characteristics available, including economic sector, gender, age, nationality and region. Also presented in the publication is analysis of the distribution of earnings.
CSO data on structural earnings, based on admin data (not surveys of firms)
NB: 2020 data can be affected by COVID
Median earnings data by PT / FT work is not published by the CSO.
Here is some data on median earnings.
I'd say IT it is something like this:
The fancy big tech companies, add another 25K to each band.
Median earnings in 2020 were 40,579
By now, three years later, they must be maybe 5% higher?
Say 42,500.
So median earnings for FT workers must be over 45k.
Not the 33k claimed here earlier.
Another poster quotes the 33k. It may or may not be correct, though I would expect the median to be a fair bit lower than the average of 45k.
I said if you are unemployed and have your house paid for. I didnt say everyone on the dole is getting a free house.
I am looking for the average when we exclude the low earners
What matters is what is left at end of every month.
Someone on 50K can be wealthier than someone on 100K.
About 40k p/a
That is why I provided both.
Mean = 50,076
Median = 40,579
Both 2020 figures.
Well this may be helpful: median by sector.
ICT median is highest at 61,632
FIRE is second at 50,305
The mean was 50k in 2020, with median of 40.5k. Both for all workers.
Median for FT is not published by CSO, you need to look at Eurostat.
Love that ICT one.
That is the highest level of mid manager, after 4 years service in that role, you can get in the Public Service (Grade7) and it's a median salary in the private. No wonder we can't attract talent
Thanks. Seems high for an av salary 3 years ago but I cant dispute it.
I had a conversation with a friend recently and we both were of the opinion that circa €80K total household income was around the starting point for such a lifestyle with 2 or 3 kids mortgage etc. As you say probably never to be wealthy unless something extraordinary happens.
A lot would depend on the size of the mortage and what one would consider wealthy.
Yep would be around that level I suppose you can have most things you want and be reasonably content.
Incomes go up and you buy a bigger house maybe, a more expensive newer car, a fancier hotel for holidays.
I've started buying nicer cars in last number of years, and I have my next one in mind, great to look forward to but won't make anyone happier.
Absolutely. Wealthy in my view would be in a position to afford life's luxurys and also have a cushion capable of protecting you from life's storms. A step above comfortable.
Never understood people paying off their mortgage and then loading up again for a bigger house with another big mortgage. Banks doe a great job conditioning people that they should stay in debht for aslong as possible its the done thing.
Please note that earnings includes bonus, overtime, etc.
People could be on basic salary of 47k, but with overtime and bonus, their earnings could be 55k.
40-50k for mean and median seems about right. Theres a local bus company near me hiring drivers (you only need a B licence, not even a D!) and the salary starts at 37-42k. I'm in fintech and while my base pay is quite high compared to the average for the industry , bonuses and RSU/PSU shares are nearly half my total earnings on my P60. The same is true for most people I know in the industry. I'm currently interviewing for similar roles in multiple companies and they are all doing the same thing. But the base is a lot higher than 40k. 40k today isnt the same as 40k ten years ago, you can thank inflation for that.
Off the top of my head a good bit less than 10% of workers are above 70k.
Pretty low then
Seems the best place to be contentment wise is just above the average .
Among the highest in the modern world.
Show how workers are being taking advantage of then
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