Russia usually follows a bi-monthly payment cycle. Salaries must be paid to Russian employees at least once every half month. The date of compensation is usually predetermined in the employment contract.
Russia's gross domestic product (GDP) is mainly composed of three sectors: agriculture, industry, and service. Agriculture contributes about 5.6% to GDP, followed by industry and service, which contribute 26.6% and 67.8%, respectively.
According to Russian legislation, salary shall be paid at least every half month on a day specified by the work regulations, by a collective agreement, or by an employment agreement.
The average nominal salary in Russia was measured at approximately 57.2 thousand Russian rubles per month in 2021, marking an increase of 5.9 thousand Russian rubles compared to the previous year.
The average hourly wage in Russia is 600 RUB or USD 8.09 (US Dollars), and the hourly minimum wage is 150 RUB (USD 2.01). Russia has a median salary of 110,000 RUB per month (USD 1,472.90). This means that half of the population earns less than 110,000 RUB while the other half earns more than 110,000 RUB.
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.
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.
Since 1996, Russia's constitution has provided citizens and residents with the right to free healthcare. This is provided by the state through the Federal Compulsory Medical Insurance Fund (also called the OMI or Obligatory Medical Insurance).
The average cost of living in Russia for families can be anywhere from 30,000 rubles to 35,000 rubles per month, excluding utilities. While Moscow and Saint Petersburg are relatively expensive to live in, Novosibirsk is one of the cities in Russia with low cost of living.
Prices: At a modest restaurant, you can expect to pay about 500 roubles ($8) for a meal; at a mid-range restaurant, a three-course meal will cost around 2000 roubles ($35). A Business lunch option which includes a multi-course meal and a drink is offered at many restaurants – usually between 300-500 roubles.
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.
Locals in Russia are actually warm, friendly and helpful people. Whether new arrivals enjoy nature or prefer the perks of city living, Russia has a lot to offer. There are lots of social activities and sports facilities in Russia, especially in big cities.
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.
It has enormous natural resources, particularly oil and natural gas. It is the world's eighth-largest economy by nominal GDP, and the sixth-largest by purchasing power parity (PPP). Due to a volatile currency exchange rate, Russia's GDP as measured in dollars fluctuates sharply.
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.
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Russia unemployment rate for 2021 was 5.01%, a 0.58% decline from 2020.
The price is 0.70 USD. The average price for all countries is 0.93 USD. The database includes 91 countries.
The most common cause of death in Russia was circulatory system diseases with approximately 640 deaths per 100 thousand of the country's population in 2021.
After the fall of the Soviet Union, the Russian Federation carried out the death penalty intermittently, with up to 10 or so officially a year. In 1996, pending Russia's entry into the Council of Europe, a moratorium was placed on the death penalty, which is still in place as of 2023.
Russia has a free education system, which is guaranteed for all citizens by the Constitution, however entry to subsidized higher education is highly competitive.
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.
Russia's main religion is Orthodox Christianity; however, other religions, such as Catholicism, Protestantism, Islam, Judaism, Buddhism, and even Shamanism are professed as well. The second Russian religion by the percentage of the population is Islam, followed by Roman Catholicism and Judaism.