Average median wage rose by 4.2% last year

The median average annual earnings rose from €41,823 in 2022 to €43,221 last year.

The sector with the lowest average median weekly earnings was the accommodation and food sector at €364.31.

The median average weekly wage rose by 4.2% during 2023 to nearly €700 but this failed to keep pace with inflation throughout the year which ran at over 6%, new data from the Central Statistics Office (CSO) shows.

Since the beginning of this year, annual inflation in Ireland has fallen 2.2%. As a result,  institutions such as the Economic and Social Research Institute and the Central Bank of Ireland have said that real wages will continue to grow throughout the year.