Training on modelling fundamentals December 17–18

The share of well-paid employees is growing substablially in mining regions and financial centers only

Russian middle class survey

In 2017, the Russian average salary was about RUB 39,000. In ACRA’s opinion, the minimum salary of a middle class employee varies from region to region, from RUB 60,000 in the Oryol Region to RUB 121,000 in Moscow. It is obvious that the Russian average salary is not enough to cover middle class expenses.

Middle class markers:

  • Residential real estate in ownership
  • High level of current consumption
  • Saving
  • Quality education
  • Intellectual work or own business
  • Self-identity as middle class

The minimum salary threshold was calculated as a sum of an employee's mortgage payments, car loan payments, current consumption, expenses for leave, and savings. Any property in ownership was excluded.

Income calculations were based on the official statistics on wages and salaries. Other income sources, e.g. leases, bank deposits, social benefits, etc., were excluded from calculations in view of the absence of relevant data (see Appendix 1 for more details).

Moscow, where…

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