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Employer of Record in Hungary
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Hungary Fast Facts
Payroll in Hungary
Wages
Minimum wage rates in Hungary are set nationally. As of January 1, 2025, the minimum wage is 290,800 HUF per month, reflecting an increase from the previous rate.
Certain sectors may have specific wage benchmarks that differ slightly from national standards. These benchmarks are established to ensure fair compensation across various industries.
Salaries
The overall annual average salary in Hungary is approximately 8,017,200 HUF per year, with monthly earnings varying significantly by position, experience, and region. The median monthly salary is estimated to be around 668,100 HUF.
By gender, a wage gap exists with average annual salaries for men typically exceeding those for women. Efforts to reduce this disparity continue through targeted government initiatives and policy reforms.
Salaries by location in Hungary
Budapest: Known for offering salaries above the national average, particularly in sectors such as finance, technology, and healthcare.
Debrecen: Offers competitive compensation in industries like manufacturing, education, and trade, with wages generally reflecting the cost of living.
Szeged: While salaries in Szeged are competitive, certain sectors may offer compensation slightly below the national average, influenced by regional economic factors.
As your employment partner in Hungary, we can provide you with the latest resources and insights on average employee compensation across various roles and regions, ensuring that you make competitive and compliant employment offers.
Payroll frequency
In Hungary, employees are typically paid on a monthly basis, with salaries disbursed by the 10th of the following month, as specified in the employment contract or workplace regulations. Hungarian labor law mandates that remuneration must be paid at least once a month, ensuring regular income for employees.
In addition to regular monthly wages, employees may receive additional compensation such as annual bonuses or incentives. These payments are often stipulated in collective bargaining agreements or internal company policies and are disbursed according to the terms outlined therein. Employers are required to adhere to the agreed-upon schedules for these payments to maintain compliance with labor regulations.
Disclaimer: The information provided on or through this website is for informational purposes only and does not constitute legal or professional advice. Safeguard Global does not make any representations or warranties, and expressly disclaims any liability arising from or concerning the information contained herein, including the lost essence, interpretation, accuracy and/or completeness of the information and language translation. Laws and regulations may change and interpretations may vary. You are encouraged to seek professional or legal advice to address any issues, questions or matters arising from the information contained herein.
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