The average and minimum salary in Kiev, Ukraine are analyzed in this post about this Eastern European economy
Ukraine is currently one of the poorest countries in Europe, but its capital offers a number of good investment and career opportunities for expats. Check below the average and minimum salary in Kiev, featuring also an economic outlook for Ukraine’s capital.
Photo by Shevchenko Alexander
Kiev has an excellent location in Eastern Europe, with easy access to Western Europe, the Middle East and Central Asia. Despite its recent economic and social problems, Ukraine still offers a number of opportunities. Most of these opportunities are in Kiev, a thriving European metropolis.
Minimum Salary in Kiev, Ukraine
The official minimum salary in Kiev as of 2019 is 4173 UAH. That is approximately 160 US dollars and slightly more than 110 euros. Ukraine has one of the lowest minimum salaries in Europe. Most countries bordering Ukraine have a higher minimum salary than it, especially those part of the European Union.
You can see the evolution of the minimum wages in Ukraine on this site (in Ukrainian).
Average Salary in Kiev, Ukraine
The average salary in Kiev is considerably higher, at around 10000 UAH per month. That is slightly more than 340 euros, and a bit more than USD 385.
Kiev has the highest average wages in the country, and also gather most of the international companies careers. Salaries in Ukraine are pretty low, but so are the cost of living and taxes.
Kiev, Ukraine Economic Outlook
While it is undeniable that Ukraine has struggling economically due to the political changes in recent years, Kiev still manages to have an rather positive economic outlook. The education in Ukraine is pretty good, and many foreign companies have offices in Kiev, doing various types of outsourcing services.
One of the most powerful economic sector in Ukraine is IT. IT salaries are also considerably higher than the average for Kiev, and the city is a good place for both boosting or career and hiring talent.
Ukraine also is one of the top exporters of Iron and its sub-products, however there are few opportunities for independent expats in this industry.
As mentioned above, Kiev has some of the lowest cost of living in Europe, and Ukraine has pretty low taxes. For these reasons, the country attracts a considerable amount of foreign investments, despite the relative instability in the region.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. Always in the most comfortable way with optimal prices to enhance your travel experience.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.