Ukrainians need 25 thousand hryvnias for a comfortable life

February 2022
How do Ukrainians perceive their standard of living?

25 thousand hryvnias is the level of salary considered sufficient for a comfortable life by the urban population of Ukraine. These are the results of a survey conducted by Gradus Research.

Moreover, middle-aged people (35-54 years old) have the highest financial claims: 30 thousand hryvnias, while the youngest (18-24) and the oldest (55-60) respondents have the lowest, with a monthly income of 20 thousand.

It is expected that the most money is needed for a comfortable life in Kyiv — residents of the capital have set a monthly level of UAH 35,000.

The average salary in Ukraine in 2021 was UAH 14,000, according to the State Statistics Service. Over the year, this figure grew from 12.3 thousand in January to 17.5 thousand in December. In terms of industries, the desired level of remuneration has been achieved in the automotive, information and telecommunications, and financial and insurance sectors.

91.7% of respondents believe that food prices will increase, and the older the group, the more likely they are to choose the answer "will increase a lot." Residents of the northern regions are the most pessimistic, with no respondents from this area choosing the option that prices may decrease.

"Accustomed to price inflation and devaluation of the national currency, Ukrainians traditionally do not want to keep their savings in hryvnia: this is the choice of only 6.9% compared to 41.8% for the dollar. However, our youngest respondents believe in the hryvnia: in the 18-24 age group, twice as many people (15.9%) compared to the rest are ready to save for their old age in this currency," says Evgeniya Bliznyuk, CEO & Founder of Gradus Research, "They do not have a historical memory of collapses when a dollar for 4 turned into a dollar for 8 and then into a dollar for 30, and this is with foreign currency loans."

It should be noted that prices rose by 10% last year, according to the State Statistics Service. Eggs, sugar, and sunflower oil were the most affected by the rise in prices for basic food products.

The survey was conducted by Gradus Research using a self-administered questionnaire in a mobile application. The Gradus online panel reflects the population structure of cities with more than 50,000 residents aged 18-60 by gender, age, settlement size, and region. Period of the survey: January 19, 2022. Sample size: 1000 respondents.

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