What is average wage in Russia? Average Wages in Russia increased to 62470 RUB/Month (887.199 USD/Month) in October 2022. 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.
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.
In 2021, the average nominal salary in Russia was measured at approximately 56.5 thousand Russian rubles per month, marking an increase by around 5.2 thousand Russian rubles compared to the previous year.
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.
The average hourly wage in Russia is about 200 rubles (USD 3). The median hourly wage in Russia is about 20% lower: 160 RUB (USD 2.60). The reason is in disproportionally high wages of top and middle managers as compared to the ground staff, which skews the statistics of average hourly rates.
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.
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.
Home Ownership Rate in Russia averaged 83.94 percent from 2000 until 2021, reaching an all time high of 92.50 percent in 2020 and a record low of 58.20 percent in 2000.
A kilogram of bananas, oranges, or apples costs about 80/90/100 rubles, respectively (on sale), a carton or bottle of milk costs about 80-100 rubles, a carton of eggs costs about 70-100 rubles, a loaf of bread costs about 40-60 rubles, and a kilogram of flour costs about 70 rubles, depending on the store (see below).
The average price of a new car in Russia decreased to 2.3 million rubles. The average cost of a new car in Russia over the summer fell to 2.3 million rubles. This is reported by RIA Novosti with reference to a study of the service "SberAuto".
What percentage of Russians live in poverty? Approximately 10.5 percent of the population of Russia lived below the national poverty line between July and September 2022. Looking at annual figures, Russia's poverty rate has declined since 2015, when it exceeded 13 percent.
Poverty in Russia is ongoing and multi-dimensional. Diminishing oil profits, one-dimensional economic conditions and government sanctions play a major role in the poverty problems in Russia. A struggling agricultural sector and sanctions on U.S. goods cause serious problems for food security in Russia.
Average weekly working hours in Russia quarterly 2020-2022
On average, Russians aged 15 years and older worked 37.5 hours per week in the third quarter of 2022, marking a decrease from the previous quarter.
"Everything is getting more expensive but wages aren't going up," said Sergei Borisovich, who was shocked that a loaf of bread now costs 100 rubles ($1.35). President Vladimir Putin has described prices as a key concern and the embattled opposition is hoping to leverage the economic woes.
The biggest factor contributing to this relatively low life expectancy for males is a high mortality rate among working-age males from preventable causes (e.g., alcohol poisoning, stress, smoking, traffic accidents, violent crimes).
In 2021, the crime rate in Russia reached approximately 1.37 thousand offenses per 100 thousand population, marking a slight decrease compared to the previous year. Over the period from 2015 to 2021, the rate saw a decline by 262 registered crimes per 100 thousand people.
Interestingly, Russia is one of the most sparsely populated countries in the world, in part due to its harsh climate.
Our 2022 Poverty in Australia Snapshot found that there are 3.3 million people (13.4%) living below the poverty line of 50% of median income, including 761,000 children (16.6%). In dollar figures, the poverty line works out to $489 a week fir a single adult and $1,027 a week for a couple with 2 children.
Approximately 0.2 percent of Russian adults, or 311.9 thousand residents, owned over one million U.S. dollars, or were referred to as high-net-worth individuals (HNWIs). In 2021, the total wealth of the adult population in the country reached nearly 3.8 trillion U.S. dollars.
Coffee: 65 - ₽ 150 ( US$ 2.10).
What does a Big Mac cost in Russia? In Russia, the burger would usually cost 135 roubles, or around $1, according to The Economist's Big Mac index.