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Carrigaline Revealed as Highest Income Earners in Munster

Writes Ciaran Dineen

Figures published from the Central Statistics Office (CS0) have found that Carrigaline tops the Munster list of towns with the highest household median income for 2016.

41 towns were included in the study, with populations of 10,000 plus, and Carrigaline came eight in the list with a household median income of €59, 353. This was enough to place Carrigaline top of the Munster list, while Midleton, Cobh and also featured further down the study. 

It is thought that Carrigaline’s close proximity to pharmaceutical companies in Ringaskiddy and the large number of multi-national corporations in the Airport Business Park, contributes significantly to its position on the list, for which Malahide topped by a considerable distance.

Pic: Adrian O’Herlihy

An analysis of the data shows that Medical Practitioners by sector earn the most, with the average age of just over €90,000. Throughout the study it reveals that on average male employees earn more over the course of a year than their female counterparts. 

In terms of education, those who leave secondary school and do not pursue further education earn on average €23,298 and €17,010 for men and women respectively. Those who secure a Level 8 undergraduate earn €44,482 or €34,258, while Postgraduates earn at the higher rate of €55, 815 or €42,418.

Just under two-thirds of Irish homes had a gross income of less than €60,000 in 2016, while nearly 15% of households had a combined revenue of over €100,000. 

Research also showed that those who commute for longer to their workplace tend to earn more. The CSO reported that those who travel to work under 30 minutes earn on average €32,000, while those who take more than 30 minutes to reach their work place take home a considerably higher €41,495. 

Read the remainder of the edition here: http://subscriber.pagesuite-professional.co.uk/subscribe.aspx?eid=c946bff2-f434-4a7b-a75d-621998d7e750

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