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.
Equivalised income allows for a more meaningful comparison of income across households by accounting for the number of adults and children living in the household, thus allowing for analysis at an individualised level. However, when analysing by individual characteristics, it should be borne in mind that equivalised income is influenced by the income of all household members. See At Risk of Poverty Indicators Explained (PDF 1,094KB) .
The median equivalised disposable income in SILC 2024 was €29,996, representing an increase of €2,399 (8.7%) from the previous year. The corresponding at risk of poverty threshold (i.e. 60% of the median) stood at €17,998 in SILC 2024, compared with €16,588 in SILC 2023.
Using a base income year of 2019 to adjust for inflation, the real median equivalised disposable income in SILC 2024 was €25,661, an increase of 2.2% from €25,101 on the previous year. The real at risk of poverty threshold was €15,397 in SILC 2024, up from €15,061 in the previous year.
Over the 5-year period 2020 to 2024 median nominal equivalised disposable income increased by 24.6%, while after adjusting for inflation real median equivalised disposable income increased by 6.6% over the period. See figure 3.1 and tables 3.1a & 3.1c.
X-axis label | Real median | Real mean | Nominal median | Nominal mean |
---|---|---|---|---|
2020 | 24079 | 27700 | 24079 | 27700 |
2021 | 25793 | 29216 | 25707 | 29118 |
2022 | 26324 | 29829 | 26851 | 30427 |
2023 | 25101 | 29049 | 27597 | 31937 |
2024 | 25661 | 29234 | 29996 | 34173 |
Analysis by Principal Economic Status (PES) shows that persons that were unemployed had the lowest equivalised disposable income (€20,888) followed by persons unable to work due to long-standing health problems (€21,927). The comparable figure for employed persons was € 34,259. See figure 3.2 and table 3.1a.
X-axis label | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|
Employed | 30379 | 30989 | 31977 | 34259 |
Unemployed | 19596 | 17702 | 18902 | 20888 |
Retired | 23690 | 23824 | 26100 | 27501 |
Unable to work due to long-standing health problems | 17374 | 19411 | 20213 | 21927 |
Student, pupil | 22875 | 25411 | 25567 | 26613 |
Fulfilling domestic tasks | 20329 | 20461 | 22461 | 22895 |
After adjusting for inflation, real gains in equivalised income were experienced by unemployed persons, those unable to work due to long-standing health problems and employed persons. For all others, by PES, the gains in nominal income were not sufficient to counteract the effects of inflation.
The largest year-on-year change in nominal equivalised disposable income was seen in unemployed persons, which increased by 10.5% to €20,888 when compared with SILC 2023. When account is taken for inflation, real equivalised disposable income increased by 3.9% in the year for these individuals.
Persons describing themselves as fulfilling domestic tasks saw their nominal equivalised disposable income increase by 1.9% in SILC 2024 and fell by 4.1% after adjusting for inflation. See figure 3.3 and tables 3.1a & 3.1c.
Please note that Principal Economic Status is self-defined at the time of interview (first six months of 2024), whereas the income reference period is the 2023 calendar year, thus the two may not always perfectly align.
X-axis label | Nominal median - % change 2023 to 2024 | Real median - % change 2023 to 2024 |
---|---|---|
Employed | 7.1 | 0.8 |
Unemployed | 10.5 | 3.9 |
Retired | 5.4 | -0.9 |
Unable to work due to long-standing health problems | 8.5 | 2 |
Student, pupil | 4.1 | -2.1 |
Fulfilling domestic tasks | 1.9 | -4.1 |
Nominal equivalised disposable income increased in all age groups in SILC 2024, with younger age groups experiencing the greatest growth in income. Individuals aged 0 to 17 saw the largest rise in their nominal median equivalised disposable income, increasing 9.6% to €27,638. The eldest age group, those aged 65 years plus, had the lowest increase in income, rising 5.2% to €27,328 in the year to SILC 2024. See figure 3.4 and table 3.1a.
Nominal equivalised disposable income follows a general upward trajectory as the level of education increases. Individuals with the highest level of educational attainment (third level degree or higher) had the highest median equivalised disposable income of the categories analysed in SILC 2024, at €38,381. This compares with €21,247 for those with primary level education or lower.
Those persons whose highest level of educational attainment reached lower secondary saw the largest increase in their nominal median equivalised disposable income, increasing 11.0% in SILC 2024. This compares with a decrease of 3.4% for those whose highest attainment was primary level education or below. See table 3.1a.
When adjusted for inflation, real equivalised disposable income increased in SILC 2024 for those persons whose highest level of educational attainment was lower secondary education by 4.4%. Real equivalised disposable income fell for all other educational attainment groups in 2024. See table 3.1a.
2021 | 2022 | 2023 | 2024 | |
65+ | 23254 | 23046 | 25986 | 27328 |
50-64 | 27307 | 28626 | 29578 | 32000 |
35-49 | 27160 | 27372 | 29001 | 31425 |
18-34 | 27567 | 29448 | 29130 | 31812 |
0-17 | 23967 | 24226 | 25224 | 27638 |
Ranking persons from lowest nominal equivalised disposable income to highest and dividing by five allows us to split the population into quintiles.
More than two in five unemployed people (46.4%) and those unable to work due to long-standing health problems (44.3%) are in the first equivalised disposable income quintile (i.e. the lowest 20% of the net disposable equivalised income distribution). This compares with one in ten (10.1%) of those that are employed.
Individuals who are unable to work due to long-standing health problems are least likely to be in the top equivalised disposable income quintile (i.e. the highest 20% of the net disposable equivalised income distribution), with 3.9% of these individuals in this quintile in SILC 2024. Over one quarter (26.8%) of individuals in employment are in the top equivalised disposable income quintile. See figure 3.5 and table 3.2.
Share of income (%) | Quintile 5 | Quintile 4 | Quintile 3 | Quintile 2 | Quintile 1 |
---|---|---|---|---|---|
Employed | 26.8 | 24.5 | 21.6 | 17 | 10.1 |
Retired | 18.3 | 16.8 | 15.8 | 19.6 | 29.6 |
Student, pupil | 12.2 | 16.6 | 20.1 | 25.8 | 25.4 |
Fulfilling domestic tasks | 8.1 | 7.2 | 16 | 30.5 | 38.2 |
Unable to work due to long-standing health problems | 3.9 | 13.9 | 10.3 | 27.5 | 44.3 |
Unemployed | 10.3 | 9.2 | 11.8 | 22.3 | 46.4 |
If income from social transfers was deducted from disposable income, the median equivalised disposable income for all people in the State would have decreased from €29,996 to €25,547. See table 3.3a.
In SILC 2024, the nominal mean weekly equivalised gross income was €956, an increase of 7.9% on the previous year. After deductions of €302, the nominal mean weekly equivalised disposable income was €655. On average, equivalised market income amounted to €845 each week (88.4% of gross income), compared with €112 in social transfers (11.7% of gross income). See table 3.4a.
As was seen in the previous chapter for household income, the share of mean equivalised gross income coming from market income increases with each increasing income decile. Market income accounts for an average of 43.8% of gross mean equivalised gross income for individuals in the first decile, 86.3% of income for those in the fifth decile and 98.1% of gross mean equivalised gross income for those in the tenth decile.
Social transfers represented a decreasing proportion of mean equivalised gross income with each increasing income decile. For individuals in the first equivalised gross income decile, social transfers accounted for an average 56.2% of their income. This fell to 13.7% of equivalised gross income for those in the fifth decile and 1.9% for those on the tenth decile.
Total deductions, such as tax and social contributions, accounted for 9.6% of the equivalised gross income decile for individuals in the first decile, 25.5% of gross income for those in the fifth decile and 42.9% of gross income for those in the tenth decile. See figure 3.6 and table 3.5a.
X-axis label | Total market income | Total social transfers | Total deducations | Net disposable income |
---|---|---|---|---|
1st decile | 132 | 169 | -29 | 272 |
2nd decile | 207 | 202 | -43 | 365 |
3rd decile | 381 | 142 | -97 | 426 |
4th decile | 491 | 126 | -131 | 486 |
5th decile | 630 | 100 | -186 | 544 |
6th decile | 725 | 109 | -225 | 610 |
7th decile | 889 | 80 | -289 | 680 |
8th decile | 1070 | 81 | -381 | 770 |
9th decile | 1348 | 57 | -506 | 899 |
10th decile | 2573 | 50 | -1126 | 1497 |
State | 845 | 112 | -302 | 655 |
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