Recently, the Central Statistics Office of Ireland released the latest survey report on the average salary in Ireland - "Quarterly Earnings and Labor Costs." According to the report, the average weekly income in the first quarter of 2020 was €800.31, an increase of 3.7% compared to the same period in 2019. The average weekly income in the second quarter of 2020 was €819.13, an increase of 6.2%, which includes income subsidies implemented by the government in response to the COVID-19 pandemic.
As the Silicon Valley of Europe, Ireland is home to many renowned companies and offers limitless business opportunities. Whether starting a business or seeking employment locally, there are numerous options available, which is one of the reasons why Ireland has attracted many immigrants in recent years. The average income of Irish residents is considerable, and the happiness index of life is naturally on the rise. So, does living in a high-income country mean high expenses after immigration? Let’s explore the cost of living in Ireland with the WorldWay Group.
In terms of food expenses, a survey indicates that the weekly grocery expenditure for a household, including food and other essentials, is approximately €175. Ireland has a developed agricultural, forestry, and livestock industry, with cattle and sheep grazing on natural pastures. Common ingredients for Western cuisine, such as milk, bread, steak, and cod, are reasonably priced, and with EU standards, food safety is among the best in the world.
Regarding transportation, the annual fuel cost for a family car is about €1,875. If there is a family driver, the annual insurance cost is approximately €1,150. Depending on the vehicle configuration, road tax varies, averaging around €300 to €400, with about €400 set aside annually for car maintenance and inspections.
For household expenses, the average monthly utility costs (electricity, gas, waste disposal, etc.) are approximately €159.48. Heating costs may rise slightly in winter, depending on family circumstances. Currently, Ireland does not charge residents for water. Broadband and mobile phone costs depend on the chosen plan, with mobile phone plans ranging from €20 to €60 per month and broadband plans from €29 to €71 per month.
In terms of children's education, Ireland is a genuine English-speaking country, and its education system is closely aligned with the British education model, boasting a very high level of education. The Irish education system consists of four stages: preschool education (ages 3 to 4), primary education (ages 4 to 12), secondary education (ages 12 to 18), and higher education (ages 18 and above). The government provides free primary and secondary education to Irish residents, but there are additional expenses for children's uniforms and shoes, stationery, classroom resources, and other miscellaneous costs. The additional annual expenses for preschool children are approximately €360, while for secondary school students, the additional annual expenses increase to about €765. Additionally, expenses for student trips and extracurricular activities are around €500.
Other expenses, such as dining out and social activities, amount to approximately €5,000, while clothing and haircuts cost around €1,400.
Overall, while incomes in Ireland are high, the cost of living remains relatively moderate. Furthermore, Ireland has long attracted numerous investors and immigrants due to its beautiful and suitable environment, highly developed economy, advanced healthcare system, excellent education, and generous social welfare benefits.
Currently, through investment immigration to Ireland, by contributing to government-approved donation projects, one can apply for Irish residency for the entire family with a donation of €500,000 (the group donation can be reduced to €400,000). Additionally, one can immigrate to Ireland by investing €1,000,000 in a local business for more than three years.
The WorldWay Group, ranked among the top 500 Asian brands, currently offers multiple projects suitable for investors in education planning, identity planning, health planning, and creating overseas homes! Such as U.S. investment immigration; Canadian investment immigration; Australian immigration; immigration to Montenegro, Turkey, the United Kingdom, Greece, Portugal, Cyprus, Spain, Ireland, Malta, and other European countries and EU passport projects; investment citizenship projects in Commonwealth countries such as Saint Lucia, Vanuatu, Saint Kitts and Nevis, Dominica, Antigua and Barbuda, Grenada; overseas property consulting and assistance with settling abroad, and other services.
2020 is the year of health planning! Health planning, identity first! For more details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798
Some materials in this article are sourced from the internet, and the copyright belongs to the original authors. If there are any copyright issues, please contact the original authors or us. Investment involves risks, and the above information is for reference only.