The current minimum wage in Russia is RUB16,242.00 per month in 2023. It became valid on January 1, 2023. The amounts are in Russian Ruble.
Russia Annual Household Income per Capita reached 6,523.466 USD in Dec 2021, compared with the previous value of 6,031.162 USD in Dec 2020. Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2021, with an averaged value of 5,002.479 USD.
Russia Monthly Earnings stood at 1,026 USD in Oct 2022, compared with the previous figure of 1,035 USD in Sep 2022 See the table below for more data.
The price of Combo meal in fast food restaurant (Big Mac Meal or similar) in Moscow is руб 381. This average is based on 39 price points. It can be considered reliable and accurate. Latest update: December 22, 2022.
Expats in Russia will find the cost of living to be reasonable. In Mercer's Cost of Living survey for 2021, Moscow was ranked 62nd out of 209 cities, while St Petersburg was ranked 119th. Although Russia cannot be regarded as a cheap country to live in, as a whole, it is more affordable than many western countries.
Life for expats in Russia is generally comfortable, with expenses such as groceries and utility bills being fairly inexpensive even in major cities such as Moscow. Outside of the major metropolitan areas, prices are even cheaper, with lower bills for food and transportation.
Russia is the world's 9th largest economy by nominal GDP, 6th largest by PPP and has the highest per capita GDP ($13,765) of the BRIC countries.
For instance, the 2023 group sees the addition of Panama and Romania, but the loss of Palau, which was reclassified as an upper-middle-income country. Some former high-income countries, such as Russia and Venezuela, slipped to a lower bracket in past years and have yet to regain the high-income classification.
It is the world's leading natural gas exporter, the second-largest natural gas producer, and the second-largest oil exporter, and producer. Russia's foreign exchange reserves are the world's fifth-largest. It has a labour force of roughly 70 million people, which is the world's sixth-largest.
Coffee: 65 - ₽ 150 ( US$ 2.20). Beer: ₽ 300 ( US$ 4.40). Small bottle of water: ₽ 100 ( US$ 1.50). Two course meal in a restaurant: ₽ 1,200 ( US$ 17.60).
As of 2021, Hungary had the lowest average monthly salary of employees in the world in terms of Purchasing Power Parities (PPP), which takes the average cost of living in a country into account. Zimbabwe had the second lowest average wages, with Ethiopia in third.
KFC used to be one of the leading fast-food chains in the Russian market. AmRest operates 215 outlets, primarily in the largest Russian cities. In total, more than 1,000 KFC restaurants operated in the country at the beginning of 2022.
Russia — Though age to purchase is 18.
This average is based on 27 price points. It can be considered reliable and accurate. Latest update: January 08, 2023.
Russia provides some of the largest subsidies for fossil fuels in the world. The International Energy Agency (IEA) estimated that Russian subsidies for the consumption of fossil fuels totalled almost US$34 billion in 2009. Russia is not alone in reducing the prices of fuels for its citizens.
The Russian tax system tends to use moderate flat or regressive tax rates. It is highly centralized for a federal state and relies heavily on proceeds from oil and natural gas corporations, who themselves are mostly state owned.
Thinking healthy thoughts? Go for a four-pack of yogurt (about 25 rubles per cup), a loaf of bread (20 rubles), or bottled water (15 - 100 rubles).