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The median household disposable income in 2020 was €46,471, an increase of €2,556 (+5.8%) from the previous year. Disposable household income is gross household income less total tax, social insurance contributions, pension contributions and inter-household transfers paid.
The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat. [1] The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. Thus, median figures might be more representative than averages. [2] These figures will shrink after income tax is applied.
At this point, Ireland now had the second-highest level of household debt in the world (190% of household income). [92] The country's credit rating was downgraded to "AA−" by Standard & Poor's ratings agency in August 2010 due to the cost of supporting the banks, which would weaken the Government's financial flexibility over the medium term. [93]
The HFCS is designed to find out more about household finance and consumption in Ireland. [10] HFCS aims to collect information to help policy-makers respond to a variety of questions concerning: [11] Debt and financial pressures; Portfolio choice and demand for assets; Saving, liquidity constraints and the smoothing of consumption ...
The city’s $21,699 household income is a whopping 68.56% below the national average, making it hard for the average family to cover total average annual expenses. 7. Minden, Louisiana
Annual median equivalised disposable income per person, by OECD country. [2]The median equivalised disposable income is the median of the disposable income which is equivalised by dividing income by the square root of household size; the square root is used to acknowledge that people sharing accommodation benefit from pooling at least some of their living costs.
Of the 35 OECD members in 2017, the average Irish single-worker cost 27.2% in taxes versus the OECD average of 35.9% (ranked 29th–lowest), and the average Irish married worker cost 10.8% in taxes versus the OECD average of 26.1% (ranked 31st–lowest). [b] [11] [12] Irish employee tax rate (single and married) versus the OECD in 2017. [11]
Median income: $187,217. Annual income needed to live comfortably: $444,337. Methodology: For this study, GOBankingRates found the household salary needed to live comfortably in America’s best ...