How much housing can you buy in Poland for the average monthly salary?
05.04.2024
You can't even buy half a square meter of an apartment for the average monthly salary in large Polish cities.
Situation:
-
Salary growth: Doesn't keep up with rising property prices.
-
Purchasing power: Decreasing in most major cities.
Comparison by city:
|
City |
Average net salary (zł) |
Price per m² apartment (zł) |
|---|---|---|
|
Kraków |
5 641 |
10 240 |
|
Warszawa |
6 142 |
11 420 |
|
Gdańsk |
6 012 |
10 520 |
|
Łódź |
4 917 |
7 020 |
Krakow's purchasing power of the average salary is decreasing - at least when it comes to the real estate market. In 2021, you could buy 0.43 sq m for the average net salary, and two years later - only 0.38 sq m. In Warsaw and Gdańsk, you can buy slightly more real estate than two years ago (2 and 1 cm², respectively). However, the average salary still does not allow you to buy even half a meter of living space. In this respect, Łódź is the best place, where you can buy a square meter for 0.71 of your salary.
|
City |
Wrocław |
Kraków |
Warszawa |
Gdańsk |
Łódź |
|---|---|---|---|---|---|
|
IV quarter 2021 (m2) |
0,46 |
0,43 |
0,33 |
0,42 |
0,71 |
|
IV quarter 2023 (m2) |
0,46 |
0,38 |
0,35 |
0,43 |
0,70 |
|
Difference (m2) |
0,00 |
-0,05 |
0,02 |
0,01 |
-0,01 |
|
Difference % |
0 |
-10 |
7 |
4 |
-2 |
Notes:
-
Data is based on the average salary of the Central Statistical Office.
-
In reality, salaries in large cities are higher.
Conclusion:
Buying an apartment in a big city is becoming increasingly difficult.
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