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Household Income

Household Income

Median household income increased in SILC 2024

Online ISSN: 2009-5937
CSO statistical release, , 11am

The income reference period of SILC in year T is the calendar year T-1, i.e. for SILC 2024 the income relates to Jan-Dec 2023.

Real and Nominal Household Income

€58,922
Median household disposable income in 2024
Up 6.8%
Adjusting for inflation, income Up 0.5% in 2024
Source: CSO Ireland, Survey on Income and Living Conditions (SILC) 2024

The median nominal household disposable income in SILC 2024 (calendar year 2023) was €58,922, an increase of €3,773 (+6.8%) from the previous year. Using a base income year of 2019 to adjust for inflation, the real median household disposable income was €50,406, an increase of €244 (0.5%) compared with the previous year.  

Over the 5-year period 2020 to 2024 median nominal household disposable income increased by 27.0%, while after adjusting for inflation real median household disposable income increased by 8.6% over the period. See figure 2.1 and tables 2.1a & 2.1c. 

Disposable household income is gross household income less total tax, social insurance contributions, pension contributions and inter-household transfers paid. The ‘nominal’ figures discussed here have not been adjusted for inflation.  

Real income is income that has been adjusted for inflation using Consumer Price Index (CPI) data. The current time-series begins with SILC 2020, where the income relates to the 2019 calendar year. As such, a base year of 2019 is used to adjust for inflation. Over the calendar year of 2023 (the income reference period for SILC 2024), the annual CPI varied from +3.9% in November to +8.5% in February 2023, see the CSO’s Consumer Price Index releases.

X-axis labelReal MedianNominal MedianReal MeanNominal Mean
202046403464035439654396
202150074499065750257309
202251120521445926460451
202350162551495721062898
202450406589225805667864

Adults living alone have the lowest household income 

Results from SILC 2024 show that factors such as age, employment status, education level, region, the number of people, and number of workers in the household are all correlated with household income. Households with three or more persons at work had the highest nominal median household disposable income at €103,842, compared with €30,685 for households with no one at work. See table 2.1a. 

Households composed of one adult aged 65 or over had the lowest median household disposable income at €20,067, compared with €85,716 for households composed of three or more adults and no children. All household types have seen an increase in nominal median household disposable income in SILC 2024. Households composed of one adult aged under 65 had the largest increase in income, up 16.8% to €32,000, while two adult households with at least 1 aged 65 or over, had the smallest growth in income, increasing by 1.2% to €44,737. See figure 2.2 and table 2.1a. 

X-axis label202220232024
1 adult aged 65+168261975320067
1 adult aged <65239942740532000
2 adults, at least 1 aged 65+387964420444737
2 adults, both aged <65590606107364403
3 or more adults794197916785716
1 adult with
children aged under 18
354323697338929
2 adults with
1-3 children aged under 18
624446587770249
Other households
with children aged under 18
750777457784590

After adjusting for inflation, real median household disposable income fell in four of the eight household groups in SILC 2024. The real income of households composed of one adult less than 65 years increased by 9.8% in 2024. Households with two adults, with at least 1 aged 65 or over, saw their real income fall by 4.8% in the year. See figure 2.3 and table 2.1c.

X-axis label202220232024
1 adult aged 65+164961796717167
1 adult aged <65235232492727375
2 adults, at least 1 aged 65+380344020738271
2 adults, both aged <65579005555055095
3 or more adults778597200873327
1 adult with
children aged under 18
347363363033303
2 adults with
1-3 children aged under 18
612185992060096
Other households
with children aged under 18
736026783372364

Home ownership is correlated with higher household income 

SILC results show that those living in owner-occupied households have significantly higher household disposable income compared with people living in rented or rent-free households. The nominal median household disposable income for owner-occupied households was €66,805 in SILC 2024, an increase of €3,769 (+6.0%) from the previous year. The corresponding figure for rented and rent-free households increased by 6.6% to €46,291. See table 2.1a. 

Households in the Northern and Western region saw their nominal median household disposable income increase 11.7% in SILC 2024. When inflation is accounted for, real median household disposable income for households in this region rose by 5.1% in the year. Real median household disposable incomes fell for household in the Southern (down 1.0%) and Eastern and Midlands (down 0.5%) regions. See figure 2.4 and tables 2.1a & 2.1c. 

X-axis labelNominal - % change 2023 to 2024Real - % change 2023 to 2024
Northern and Western11.75.1
Southern5.2-1
Eastern and Midland5.8-0.5

Composition of Household Income

Households in the lower income deciles are most reliant on social transfer income 

Gross income includes social transfers plus market income, such as employment, pension income, employer’s social insurance and pension contributions, and other income. Cost-of-living measures introduced in 2022, such as energy credits and increased or additional social welfare payments and allowances are included in social transfers for SILC 2024 estimates. See Background Notes for details. 

In SILC 2024, the mean weekly household gross income was €1,891, representing an increase of €155 (8.9%) from the previous year. See table 2.2a. 

On average, households received €1,664 (88.0% of gross weekly income) from market income sources, and €227 (12.0% of gross income) from social transfers per week. However, this varied considerably by decile.  

Ranking households from lowest household disposable income to highest and splitting into ten groups allows us to split households into deciles.  

Households in the first household disposable income decile had a mean weekly gross income of €325, with an average €64 (19.5% of gross income) from market income and €262 (80.5% of gross income) from social transfers. After deductions, these households had an average net disposable income of €309 per week. 

For households in the fifth decile the mean weekly gross income was €1,352, composed of an average €1,090 (80.6%) market income and €262 (19.4%) in social transfers. After deductions, households in the fifth decile had an average of €1,043 in disposable income. 

Households in the tenth decile had a mean weekly gross income of €5,557, composed of an average €5,416 (97.5%) market income and €141 (2.5%) in social transfers. After deductions households in the tenth decile had an average €3,257 in disposable income. See figure 2.5 and table 2.3a. 

X-axis labelTotal market incomeTotal social transfersTotal deductionsNet disposable income
1st decile64262-16309
2nd decile275313-57530
3rd decile585279-146718
4th decile798290-216872
5th decile1090262-3091043
6th decile1399222-4011220
7th decile1797192-5661424
8th decile2253174-7731654
9th decile2953139-11171976
10th decile5416141-23003257
State1664227-5901301

Households in the upper income deciles contribute most in tax and social insurance contributions  

Disposable income is gross income less total tax, personal and employer’s social insurance contributions, personal and employer’s pension contributions, and inter-household transfers paid.  

The mean weekly contribution in income tax and social insurance was €377 (19.9% of gross income). After total deductions of €590 (31.2% of gross income), the average household had €1,301 in weekly disposable income. See figure 2.5 and table 2.3a. 

On average, households in the first household disposable income decile contributed €16 (5.0% of gross income) in tax, social insurance, inter-household transfers and pension deductions each week, containing an average €8 (2.3% of gross income) in tax and social insurance contributions. This left an average net disposable income of €309 per week. 

For households in the fifth decile, an average of €309 (22.9% of gross income) was deducted each week leaving a disposable income of €1,043. On average, households in the fifth decile paid €188 a week (13.9% of gross income) in tax and social insurance contributions.  

Households in the tenth decile had an average €2,300 (41.4% of gross income) deducted each week, resulting in a disposable income of €3,257. On average, households in the tenth decile paid €1,616 (29.1%) of gross income in weekly tax and social insurance contributions. See figure 2.5 and table 2.3a. 

Table 2.1a Median nominal household disposable income by demographic characteristics and year

Table 2.1b Mean nominal household disposable income by demographic characteristics and year

Table 2.1c Median real household disposable income by demographic characteristics and year

Table 2.1d Mean real household disposable income by demographic characteristics and year

Table 2.2a Composition of nominal household income by year (€)

Table 2.2b Composition of real household income by year (€)

Table 2.3a Average weekly nominal household income by net disposable household income deciles and composition of net household disposable income, 2024

Table 2.3b Average weekly real household income by net disposable household income deciles and composition of net household disposable income, 2024