Dublin, Ireland, is a gorgeous city steeped in tradition and culture. It is a fantastic place for parents, couples, and singles in Europe. The salaries are competitive, the social scene is thriving, and the people are friendly. However, the cost of living can be high. So, you are probably wondering, “What is a good salary in Dublin?”
What Is a Good Salary In Dublin?
A good salary for single adults in Dublin, Ireland, is $60,000-$70,000. If you have a family with children, you need an average salary of $70,000-$90,000 to live comfortably. However, the average salary in Dublin is estimated at $45,000.The average monthly salary is $3,100, while the net minimum wage is $13.80 per hour. The country has a monthly minimum wage of around $2,000.
The Irish capital is more expensive than other Irish cities. You’d need an above-average salary to enjoy comfortable accommodations, living expenses, transport, and occasional perks. However, you can survive on the average salary if you choose a frugal lifestyle.
If you live in Dublin, Ireland, with your family, you should strive to have both adults working. If you earn the city’s average annual average, it brings your combined income to $90,000 annually. This should afford a comfortable lifestyle for a family of four.
Factors That Will Determine a Good Salary in Dublin
Are you excited to explore Dublin, Ireland, and enjoy everything the city has to offer? This is impossible if you don’t have much to spare. However, a sufficient salary is relative, and it depends on your specific bills. Here are a few factors determining a decent salary in Dublin, Ireland.
Although the average annual salary in Dublin, Ireland is $45,000, your pay mostly depends on your occupation. C-level executives have the highest pay in the city and can earn up to $89,600 per year.
Product managers earn about $60,056, and financial managers make about $54,200 per year. With just $20,000 per year, office managers have a below-average salary. Waiters make $15,621, and chefs make $25,832. However, employers are always willing to pay more for relevant experience.
Here is an overview of famous Dublin, Ireland, jobs and their average salaries:
- Software engineer- $25,832
- Software developer- $46,246
- Operations manager- $53,408
- Project manager- $59,321
- Data analyst- $39,104
Here are some of the highest-paying jobs for fresh graduates in Dublin:
- Aeronautical engineer- $93,359
- Chemical engineer- $65,000
- Associate architect- $65,000
- Solicitor/lawyer- $93,858
- UX/UI designer- $48,125
These jobs offer some of the highest starting wages. However, there are plenty of better paid jobs in Dublin, Ireland. It may take a while before reaching your ideal earning level.
As in other cities, some industries in Dublin, Ireland, generally have better remuneration than others. Here are a few industries with the best-paying salaries:
- Business: Understandably, the business industry rakes in big bucks. Whether you plan on running your own business or working with a big corporation, there are lots of high-paying jobs to explore. Here are a few job titles with the best salaries:
- Chief executive officer- $174,000
- Sales director- $139,000
- Finance director- $148,650
- Information Technology: This industry is guaranteed to bring in a high salary in Dublin, Ireland. Most industry jobs offer much room for growth, and there are positions for different education levels. You can land a job in IT even without formal education. Here are a few of best best-paying jobs for employees in the industry:
- Software development manager- $108,000
- Technical architect- $110,150
- Solutions architect- $103,735
- Healthcare: The healthcare industry is significant in all parts of Ireland, and Dublin is no different. It is fast-growing and has some of the best-paying jobs. Since jobs in this industry demand lots of training, it makes sense that they pay so much. High-paying titles include:
- Physician- $96,250
- Sales director- $139,026
- Dentist- $97,318
The Cost of Living
The cost of living in Dublin, Ireland, depends on your family size and lifestyle. As of 2022, Dublin was the 49th most expensive city in the world. The cost of housing is the most significant contributor to this ranking. Costs remain steep even outside the city center.
A one-bedroom apartment in the city will set you back about $1,488. It boasts the highest average monthly rate. If you live in South or Central Dublin, you’ll likely pay more in rent. Here are the average costs of other basic monthly expenses close to the city center.
- Internet and cable- $86
- Transport- $176
- Gas and electricity- $166
- Entertainment- $215
- Health insurance- $166
- Dinner at a mid-range restaurant- $51
Note that the figures vary depending on your neighborhood. With a family of four, the average cost of living is $3,478 without rent. The figure stands at about $982 for a single person.
Dublin, Ireland, is divided in a few ways. First, there is the Liffey River dividing the region in two; the north side and the south side. It is also divided into 24 postal districts.
Beyond these districts, there are small neighborhoods with distinct characteristics. Living in Dublin, you must settle for a region that matches your needs.
Generally, the region you live in will have a significant impact on your cost of living. The posh areas of Dublin include:
- The Docklands
- Creative Quarter
These neighborhoods offer the perfect blend of seaside getaways, city life, and diversity. Each one has unique features and delivers different experiences. If you are trying to save some money or operating on a tight budget, consider living in the following neighborhoods:
A sufficient salary in Dublin, Ireland, depends on the number of children you have. If you have kids, you need $64,000-$86,000 per year to live comfortably. This figure is a lot higher than the national average. After paying tax, however, it is less. The taxes in Ireland are pretty high. The average earner pays about 26.66% in taxes. High earners pay 36.02%.
Living alone, you’d need about $53,500 per year. As a family, your biggest expenses include rent, groceries, and childcare. The Ireland capital has some of the highest crèche rates in the country. Parents pay an average of $1,365 a month. Although education is free, you’ll still need to pay for related expenses. They include books, study materials, and social activities.
Family-friendly and inexpensive neighborhoods in Dublin include Ranelagh, Rathmines, and The Docklands. They are close to many green spaces, good schools, and amenities. The average cost of buying a family home in these neighborhoods is $431,000. A three-bed semi-detached house costs about $412,00.
Is a $50,000 Salary Good for a Single Person in Dublin?
$50,000 a year is good for a single person in Dublin, Ireland, even after paying taxes. It is above the national average and enough to pay for a comfortable lifestyle.
What Are the Best Neighborhoods to Live in Dublin?
The best neighborhoods in Dublin, Ireland, depending on your needs. If you’d like to enjoy the city’s luxuries, your options include Creative Quarter, Malahide, and The Docklands. If you are trying to save most of your salary, consider living in Finglas or Clondalkin.
Does the Irish capital strike your fancy? It is a seductive city with something for everyone. Living in Dublin, Ireland, is a fantastic experience if you dream of living abroad. Pay attention to your occupation, industry, and neighborhood to negotiate the salary you deserve. Best of luck!