Households with a wealth value greater than €756,000 belong to the wealthiest 10% of all households (the top net wealth decile). Households in the bottom 10% of the net wealth distribution have a net wealth value less than €100 (see Table 5.1).
Table 5.1 Net wealth decile threshold limits1
Net Wealth Decile
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
Net Wealth Threshold (€)
<100
<6,500
<38,900
<100,300
<159,100
<227,100
<314,900
<445,000
<756,000
>756,000
1 The data on this table was updated on 16/05/2023. Please see information note for details.
Median gross and net household wealth values are €230,100 and €159,100 respectively. (see Table 5.2).
Net Wealth by Region
Household median net wealth is highest in the Eastern & Midlands region at €173,400, compared to €164,100 in the Southern region and €133,100 in the Northern & Western region(see Table 5.2).
Net Wealth by Tenure Status
Median net wealth for owner occupied households is €267,500, significantly higher than the €3,900 value for rented households(see Table 5.2).
Table 5.2 Gross and net wealth by demographic and household characteristics
Net Wealth by Household Composition
The median net wealth of households with one adult and children under 18 is €3,200, compared to €328,300 for two adult households where at least one adult is aged 65 or over. The difference between median gross and net wealth in households with a person aged 65 or over is relatively small. Households comprising two adults with one to three children under 18 have the largest difference between gross and net wealth in absolute and terms (see Figure 5.1 and Table 5.2).
In 2020, median gross wealth is €265,100, up from €230,100 in 2018. Median net wealth is €193,100 in 2020, up from €159,100 in 2018. See Figure 5.2 and Table 5.2.
Average net worth increased by 2% to $748,800 between 2016 and 2019, the bank reported in September 2020, the most recent year it published the data. Median net worth, however, rose 18% over that same time period to $121,760. You might wonder why the average and median net worth figures are so different.
By using Credit Suisse's Global Wealth Reports and data, Oxfam has found: The top 1% of Irish society owns 27% of wealth - (€232 billion) The top 10% owns 64% of wealth (€547 billion). The bottom 50% of Irish society owns only 1% of wealth (€10.3 billion).
Ireland Annual Household Income per Capita reached 34,666.308 USD in Dec 2022, compared with the previous value of 35,247.047 USD in Dec 2021. Ireland Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2022, with an averaged value of 28,686.905 USD.
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