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.
Luck has nothing to do with it.
Lucky.
Exactly that is what matters and right now inflation is biting people. Hopefully it will pass.
Interesting
In 2020, the threshold for the 90th percentile of earnings was 76,861.
95% is 1,889 per week, or 98,568 per annum.
2020 data.
So top 10% of earners make 90k or more is it what about top 5%?
For those of you who want median earnings of FT workers, the CSO don't publish that, but Eurostat do.
It was 40,074 in 2018.
Some more data on the distribution of earnings:
An interesting scenario.
Based on the CSO Structural Earnings data, I am close enough, maybe just below the 90th percentile.
Yet our household income is below the average, as there is one earner for four people.
Table of distribution of earnings, 2020.
The 90th percentile in 2020 is 1,473 per week.
76,861 pa in 2020.
That would be over 80k by now.
Lower than I expected.
Note that this is earnings, and not income.
Here is the distribution of weekly earnings in 2020:
Show how workers are being taking advantage of then
Among the highest in the modern world.
Seems the best place to be contentment wise is just above the average .
Pretty low then
Off the top of my head a good bit less than 10% of workers are above 70k.
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.
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.
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.
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.
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.
A lot would depend on the size of the mortage and what one would consider wealthy.
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.
Thanks. Seems high for an av salary 3 years ago but I cant dispute it.
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
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.
Well this may be helpful: median by sector.
ICT median is highest at 61,632
FIRE is second at 50,305
That is why I provided both.
Mean = 50,076
Median = 40,579
Both 2020 figures.
About 40k p/a
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