Median wage for Estonia in the first quarter of 2024 stands at €1,553.
Real Talk about Q1 2024 Wages in Estonia* Share556* Tweet* LinkedIn* Email
Discussing the dough in Estonia, here's the scoop! Average monthly gross wages and salaries jumped up by 8.8% in Q1 2024 compared to the previous year, setting our pockets ringing with a mean of €1,894. The median wages clocked in at €1,553.
Liina Kuusik, a stats whiz at Statistics Estonia, our country's number-crunching gurus, shares the deets. The peak wage earners were found in the info-com realm (€3,393), financial activities (€3,114), and public admin (€2,517). Good news for health and social work, agri folk, and fisherfolk, as they saw the biggest increases (16.7% and 13.7%, respectively).
But not everyone's cashing out like a boss. Hotel, restaurant, and real estate workers are stuck in the cheap seats with averages of €1,217, €1,258, and €1,322 respectively.
Looking at the geography game, Tallinn came out on top (€2,247) followed closely by Harju County (including Tallinn, €2,139), and Tartu County (€1,888). On the flipside, Valga (€1,376) and Saare (€1,430) counties are struggling to keep up.
Median wages were a fixed point at €1,553 in Q1 2024. Glancing through the economic activity lens, median wages were flying high in the info-com sector (€2,873) and financial and insurance activities (€2,555). On the flip side, real estate and other service activities brought up the rear with €917 and €984 respectively.
By the by, attending a tech or finance conference? Might be worth asking around about sectoral wage trends (compared to the retail and hospitality scene). And traveling far? Check out wage differences between Estonia's regions.
Regrettably, specific sectoral and regional wage data for Q1 2024 remains elusive. To get your hands on such intel, check out our reliable friends including Statistics Estonia, Estonian Ministry of Finance, OECD, or Eurostat. Best bet: shoot them a message or give their websites a healthy browse for the latest reports or datasets.
- In the bustling city of Tallinn, the cultural heart of Estonia, lies a thriving business landscape, where the peak wage earners are found in the information-communication, financial activities, and public administration sectors.
- While the average monthly gross wages and salaries in Estonia saw an impressive 8.8% increase in Q1 2024, the security sector, such as real estate and finance, polled median wages significantly higher than other economic activities, like retail and hospitality.
- As the economic trends in Estonia continue to evolve, it's essential for businesses to stay informed about wage differences between various regions and sectors, as this information could impact financial decisions and workforce hiring strategies in the coming quarters.
