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Friday 23 February 2018

Average income in 2015 rose while numbers at risk of poverty fell

The average home had an income of €37,300
The average home had an income of €37,300

Charlie Weston Personal Finance Editor

The average income in the State rose in 2015, new figures show.

This was due to more people getting jobs and because social welfare payments rose, the Central Statistics Office said.

The average income in 2015 was €20,000 per individual, up more than €1,000 on the previous year.

The numbers at risk of poverty fell.

When calculated by household, the average home had an income of €37,300.

This was nearly €2,000 more than the typical household had in 2013.

The CSO uses a particular average called a median, which is the middle value in a list of numbers.

The figures, contained in the CSO’s Survey of Income and Living Conditions 2015 report, show fewer people in poverty.

Measures including the deprivation rate, consistent poverty level and income inequality all fell in 2015.

Read more: 'My income is not always reliable ... budgeting for the future has been my biggest lesson'

Around one in six households is at-risk of poverty. This is calculated for 2015 as having an income of under €12,000.

At-risk of poverty is defined as not having two pairs of strong shoes or being unable to keeping the house warm.

Some 16.9pc were at-risk of poverty in 2015, down slightly from the previous year.

Lone-parent families and those who are unemployed due to illness or disability at most likely to be poor.

Statisticians at the CSO said that the median, or typical, income was €20,000.

But income tends to be higher for those with an education, especially people who have attended a third-level college.

Income is calculated after income tax is paid, and includes social welfare payments.

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