Romania is extremely attractive for people looking for a cheap country to live in. While it is in the European Union, it has one of the lowest costs of living in Europe, making it an amazing choice for people who wish to retire here, as well as digital nomads or people who get their income from outside the country.
But what about those looking to move to Romania and work here? In today’s article, we’ll cover that aspect by looking at the minimum wage in Romania, as well as the average salary in Romania.
In my opinion, this paints a better and clearer picture of the country as a whole: by knowing the minimum and average salary in a country, you won’t just know where your level of income would place you if you were to live here, but you also know what to expect from the jobs market. So let’s get it started!
What is the minimum wage in Romania in 2017?
At the moment of writing this article, the minimum salary in Romania is 1,250 RON (which is around 275 Euros or $290). However, the newly elected government promised to raise the minimum salary to 1,450 RON starting February 1st, 2017. So this would mean that the minimum would be in 2017 at around 320 Euros or $335.
But the above values represent the GROSS minimum wage in Romania!
The take-home, netto minimum wage will actually be 1065 RON (around 235 Euros or $245) starting February 1st, 2017.
What is the average wage in Romania in 2017?
A funny thing about the average salary in Romania in 2017 is this: the newly elected government promised a spectacular increase of the average wage this year, drawing heavy criticism from opponents who (rightfully) claimed that even though you can impose a minimum wage, nobody can predict the average wage since that’s dictated by the economy itself.
Back to actual values, the average take-home salary in Romania in 2017 is around 2,100 RON per month (465 Euros or $485). You can check out the National Institute of statistics for updated monthly values of the average wage in the country.
An interesting thing to note about the average salary in Romania is that it kept growing – slowly but steadily – over the past few years. Compared to 2013, for example, the average wage increased by about 100 Euros. This is a 25% increase and things could keep going up in the near future as well.
Another thing to consider when thinking at average wages is that the numbers are usually bigger in larger cities (Bucharest, Brasov, Cluj, Constanta, Timisoara etc) and get closer to the minimum the smaller the city.
Cost of living
Back in 2014, I wrote an article detailing how you can live in the country on $1,000 per month. Despite the increase in the minimum and average wages in Romania since writing that article, the cost of living did not increase too much – if it did increase at all.
The increased revenue in the country was met by tax cuts and lower prices for food, resulting in a slightly better standard of living and not being a result of excessive inflation or increased prices. So the cost of living has remained pretty much the same over the years and there are no signs that it should increase drastically in the near future.
Best paid jobs in Romania
Finding a job in Romania – especially if you don’t speak the language – could prove difficult to say the least. The bureaucracy and employment systems are old and outdated and plain stupid. I remember reading an article a while ago about Noble prize winners who would not be allowed to become University teachers in Romania because they would not meet the silly criteria (not that any Noble prize winner wanted to start teaching in Romania…)
However, there are some areas where it’s easier to find jobs in the country and fortunately these are also the best paying jobs in Romania. Think about large corporations and IT and you have a clear picture!
Here are the best paying jobs in the country in 2016 (take-home average salary per month):
1. IT: 5,340 RON (1,185 Euros per month)
2. Oil extraction: 4,829 RON (1,070 Euros per month)
3. Heavy industry: 4,450 RON (985 Euros per month)
4. Insurance and private pensions: 4,309 RON (955 Euros per month)
5. Banks: 4,280 RON (950 Euros per month)
Hopefully knowing the minimum and average salary in Romania will paint a clearer picture on the actual cost of living, the job prospects you’d have and how far your money would take you in case you have income from a different country.