The average annual salary in Russia is 1,240,000 Rubles (RUB) or USD16,616 (according to the exchange rate in July 2021).
What is average wage in Russia? Average Wages in Russia increased to 65094 RUB/Month (811.331 USD/Month) in February 2023. The maximum rate of average wage for employees was 69278 RUB/Month and minimum was 0 RUB/Month. Data published Monthly by Ministry for Economic Development.
The majority of Russians, as per 45 percent of the polled respondents, were paying between 5 and 15 thousand Russian rubles per month for rented housing as of July 2019. Over 20 thousand Russian rubles for the residential rental fee was submitted by 17 percent of the surveyed population.
The average salary in Russia is relatively low, considering the rent and the prices of utilities, transportation, and other expenses. With an average monthly income of around 680$ you can cover all basic expenses, but you can't save up or indulge in experiences and adventures like traveling.
The average pay for a Factory Worker is RUB 450,237 a year and RUB 216 an hour in Russian Federation.
The Russian parliament is considering draft Bill No. 307392-8, which provides for an increase in the minimum wage from RUB 15,279 per month to RUB 19,242 per month with effect from 1 January 2024.
Living Wage Individual in Russia averaged 14300.00 RUB/Month from 2015 until 2018, reaching an all time high of 14800.00 RUB/Month in 2017 and a record low of 13900.00 RUB/Month in 2015. Russia Living Wage Individual - values, historical data and charts - was last updated on May of 2023.
Housing costs in Russia
According to Numbeo, a one-bedroom flat in the center of Moscow costs 50,000 p. to 100,000 p. Meanwhile, outside the city center, prices are, on average, 40,000 p. For a three-bedroom apartment in Moscow city center, you can expect to pay about 145,000 or 75,000 on the outskirts.
Russia is a high-income country with the world's 11th largest economy. Its natural resources, including crude oil, natural gas, and energy, have spurred its GDP growth over the last two decades, leading to significantly improved living standards for many.
$428,656. The average Moscow home value is $428,656, up 1.5% over the past year and goes to pending in around 12 days.
When asked to rate their general satisfaction with life on a scale from 0 to 10, Russians gave it a 5.5 grade on average, lower than the OECD average of 6.7. For more information on estimates and years of reference, see FAQ section and BLI database.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
In 2022, the average monthly salary of higher education teachers in Russia was measured at roughly 111.4 thousand Russian rubles. To compare, preschool teachers received around 43.1 thousand Russian rubles per month, which was below the average nominal wage in the country.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
The poverty rate at US$5.5 (2011 PPP), which is the World Bank reference poverty line for upper-middle income countries like Russia, was estimated (using a consumption expenditures aggregate from Household Budget Survey, HBS) at 3.7, 3.0, 2.9, and 2.0 percent for years 2018 through 2021.
Number of Russians living below poverty line falls to under 10% for the first time in 20 years.
Any legal entity or individual may own private land in the Russian Federation, subject to certain restrictions which regulate the legal status of the land plot. Foreign nationals and legal entities enjoy the same rights to land plots as Russian individuals and legal entities.
The price is 0.70 USD. The average price for all countries is 0.93 USD. The database includes 91 countries.
Alcohol: Alcohol is relatively cheap in Russia - a pint of beer can be purchased for around 250 roubles ($4) and a glass of decent wine for 300 roubles ($5).
The service sector accounts for over half of all jobs in Russia, with retail, tourism, health, and education among the most important service segments. Mining, manufacturing, and construction are the biggest industrial sectors.
The salary range of employees working in Russia is, by default, in the range of 25,847.00 RUB (low salaries, employees' actual wages may be even lower) to 115,961.00 RUB (high salaries, actual salaries can be even higher). This is the total monthly salary including bonuses.