Income Classes In Romania

This is a very interesting question because by oecd standards 90 of romanians are not middle class.

Income classes in romania. But what about those looking to move to romania and work here. The term country used interchangeably with economy does not imply political independence but refers to. Romania is extremely attractive for people looking for a cheap country to live in. In 2004 91 of the urban and only 16 of the rural population had access to improved water supply and 94 of the urban population had access to.

For romania s lower middle class the income comes from salaries 58 of the total and pensions some 20 while the upper middle class income mainly comes from salaries around 73. I can t find new data after the minimum salary threshold increase but in late 2015 the avg income was hovering around 1700 ron per current mont. 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 those who get their income from outside the country. Wages in romania averaged 1485 36 ron month from 1991 until 2020 reaching an all time high of 5468 ron month in july of 2020 and a record low of 1 02 ron month in august of 1991.

World bank estimated that in 2002 99 of the urban and 94 of the rural population had access to electricity. Wages in romania increased to 5414 ron month in september from 5337 ron month in august of 2020. Romania s macroeconomic gains have only recently started to spur creation of a middle class and to address romania s widespread poverty. This page provides the latest reported value for romania average gross monthly wages plus previous releases.

Romania which joined the eu on 1 january 2007 began the transition from communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country s needs.