New CSO data reveals disposable income in Cork significantly increased to €29,876, closing the gap with Dublin’s €32,393, highlighting economic shifts.
The CSO released new data. In 2023, Cork people had €29,876 to spend. This is after taxes and government charges. Dubliners averaged €32,393. Cork trails by only €2,517.
Cork’s income went up since 2022. It rose by €2,683. In 2022, it was €27,193. This growth is certainly notable.
The CSO has a specific meaning for “disposable income”. It’s what’s left after taxes and benefits. It does not include things such as rent or groceries.
This is narrow, but it lets the CSO rank counties. Cork is the second richest after Dublin. Goods cost much more in Ireland too. EU surveys show we pay 42% above average. Only Denmark is more expensive.
Some other key findings came out. Cork earns 81% of the Southwest’s disposable income. Twelve percent of employed people work in Cork. Dublin employs over a third, at 35%.
Dublin had the biggest GDP, at €248.3 billion. The Southwest (Cork and Kerry) made €123.3 billion. Dublin averages €32,393 disposable income per person. This figure exceeds the national average by 14%.
Cork’s average income per person amounts to €29,876. Limerick follows close behind, sitting at €29,491. Key industries exist in Cork and Dublin.
It seems housing affordability also matters. Dublin is the least affordable. Cork ranks as the fifth least affordable. It takes years to save for a deposit. House prices could rise this year. Saving may take even longer.
