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.
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.
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.
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.
In the second quarter of 2022, over 12 percent of the resident population of Russia lived under the poverty line.
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.
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.
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.
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.
Iceland. Iceland stands at the top of countries with the lowest poverty rates with a poverty rate of 4.9% in 2021. In 2017, Iceland's poverty rate even hit 0%, according to the World Bank.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources.
Approximately 10.5 percent of the population of Russia lived below the national poverty line between July and September 2022.
The most common type of crime registered in Russia in the first 10 months of 2022 was theft, occupying nearly 36 percent of the total number of offenses recorded by national law enforcement authorities. Furthermore, almost 17 percent of crimes were classified as fraud.
Economic crime in Russia
Economic crimes like theft and fraud are the most common categories of crime in Russia. Modern types of such offenses are committed through unauthorized bank card transactions via the internet and mobile devices. Furthermore, corruption represents one of the major problems in the society.
The median Australian adult finished 2021 with a net worth of $US273,900, making them richer than the comparable resident of any other country, according to Credit Suisse's annual global wealth report.
The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.
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).
Transparency International stated in 2022, "Corruption is endemic in Russia" and assigned it the lowest score of any European country in their Corruption Perceptions Index for 2021.