Estonia experiences an 8.5% increase in median income.
Rewritten Article:
🎉 Estonia's Wages Soar in 2024! 🎉β Share122π± Tweetπ LinkedInπ€ Email
Estonia's economy shone brightly in 2024 as median monthly wages jumped by 8.5%, from €1,501 in 2023 to €1,628. The average monthly gross wage surged even higher, hitting €1,981, marking an increase of 8.1% from the previous year. In the final quarter, average monthly earnings reached an impressive €2,062, signifying an 8.3% annual increase.
The median wage represents a pivotal point, with half of the workforce earning less and the other half earning more. Although both the average and median wages have been on an upward trajectory for years, wage growth slowed somewhat in 2024.
The counties of Tallinn (€2,325), Harju (€2,218), and Tartu (€1,995) recorded the highest average monthly gross wages in 2024. Hiiu and Ida-Viru counties demonstrated the most spectacular wage growth, with increases of 9.9% and 9.7%, respectively. Wages in all Estonian counties experienced growth exceeding 6.5%.
- In 2024, Estonia's business sector experienced a significant boost as the median monthly wage jumped by 8.5%, reaching €1,628.
- People living in Tallinn, Estonia, earned the highest average monthly gross wage in 2024, amounting to €2,325.
- The pace of wage growth in Estonia slightly slowed down in 2024, with the average monthly gross wage increasing by 8.1% to €1,981.
- Tallinn's business environment and finance sector showed impressive growth, leading to faster wage growth in the final quarter of 2024, with averages reaching €2,062.
- Estonia aims to maintain this positive business and finance growth, targeting continued growth in salaries, with projections indicating a continued upward trend towards 2024 and beyond.
