The common wage in Riga is near 2000 euros, and in Riga banks – to 3000 euros

In comparison with the primary quarter of 2023, the common month-to-month wage elevated by 162 euros or 11.0%.

Apparently, in comparison with the fourth quarter of 2023, the common wage within the public sector decreased by 0.7%, whereas the personal sector noticed a rise of 1.8%.

What can be left of your wage for those who pay all taxes?

The common web wage (in hand) in Latvia was 1,180 euros or 72.7% of the gross wage, and over the 12 months it grew by 10.2%, outpacing the expansion in shopper costs.

Observe that from January 1, 2024, the minimal wage in Latvia elevated from 620 to 700 euros, which is a rise of 12.9%.

Salaries of actual folks – how a lot?

There may be one other indicator – the median month-to-month wage. That is if we ignore the poorest and richest wage earners within the nation. That’s, that is the wage for which the overwhelming majority of the nation’s residents work.

So, the median wage for “soiled” employees for a full-time job within the first quarter of 2024 was 1,293 euros. In flip, the median “web” wage within the first quarter of this 12 months was solely 957 euros.

The place do they pay essentially the most (industries)

Within the first quarter of 2024, common full-time month-to-month wages have been above the nationwide common within the following industries:

monetary and insurance coverage actions (€2,956), data and communication companies (€2,675), power (€2,118), skilled, scientific and technical companies (€2,092), public administration (€1,883), well being and social provision (1,680 euros), in addition to mining and quarrying (1,666 euros).

The bottom common full-time wage was in lodging and catering at €1,071 earlier than tax.

The place do they pay extra (areas)

Within the first quarter of 2024, in comparison with the primary quarter of 2023, common pre-tax wages grew quickest in Latgale (12.5%), Vidzeme (11.6%) and Zemgale (11.2%).

The best common gross wage for a full-time job was in Riga – 1,804 euros, and the bottom in Latgale (1,151 euros), which is 36% lower than within the capital.