Originally Posted by Nigel Fairservice
The pay in Ireland is higher. An Eastern European friend said to me once that their job back home only covered their living expenses. In Ireland a job can cover your living expenses plus a bit more. Trying to quantify the bit more part is hard as it depends on your job/pay. I'd imagine moving from a lower cost economy in Eastern Europe to Ireland would be a bit of a shock financially speaking due to the cost of living here. As the economies of Eastern Europe continue to develop Ireland will probably lose some of its appeal. I've been to much of Eastern Europe and liked it for the most part. Slovenia was probably my favourite.
I worked with a Polish guy back in 2005. He was earning same as me so about 20k a year and was sending money home to his mother. She was concerned he wasn't eating enough because he could send over so much money to her.
I moved to the Czech Republic in 2009. Lifestyle was great. Went out in the evening 3-4 times a week. While the wages compared to here are so much lower, life in general is a lot cheaper. I met a french couple while over there who had been living in Dublin until the downturn in 2008/2009. Their experience of both places was similar to my own, in that in Ireland you went out once a week at most but if your ipod/laptop/phone needed replacing you went out and replaced it. In Czechia you could afford to go out 3-4 times a week but if something expensive needed replacing, you had to save up for it, probably over a few months.
Over there, my budget for a friday night sesh was about 20 euros. 5 or 6 pints, dinner, see a stripper, have a few games of pool and a taxi home.
The 10% deposit I need to save in Ireland would buy me a home in full in some parts of Czechia, Slovakia, Poland etc.
So to answer the OP, living a frugal life in Ireland you can save up a meaningful amount of money that will set you up in Eastern Europe. That's why people want to come here.