Regions with high poverty populations preferred by Krasnoyarsk Krai
Here's a snazzy, down-to-earth take on the topic:
The Lowdown on Russia's Income Levels in 2024
Analysts have ranked Russian regions by income levels for the upcoming year. They've considered the median income per person against the cost of a fixed basket of goods and services, as well as the percentage of people living below the poverty line.
Recent findings by Krasnoyarskstat revealed that the average income for residents of Krasnoyarsk Krai was around 59,359 rubles per month in the previous year. However, the median average income was 45,054.7 rubles, which means half the population made more and half made less.
The percentage of people living below the poverty line in 2024 was noted to be 11% in Krasnoyarsk Krai. Experts at the Center for Economic Research "RIA Rating" included this figure in their ranking. Interestingly, Krasnoyarsk Krai ranked 31st out of 85 Russian regions based on income levels for their residents.
Despite a 1.7% decrease in the number of people with low incomes over the year, the region still faces an uphill battle when compared with wealthier regions like Chukotka Autonomous Okrug, which led the income rankings with an average monthly income of over 89,400 rubles in 2020.
The ranking includes 20 regions where the percentage of people living below the poverty line ranges between 10-15%, with another 5 regions exceeding 15%. The highest poverty rates are found in Karachay-Cherkessia (17.2%), Tuva (20.4%), and Ingushetia (25.6%).
Data Source: RIA Novosti
Extra Tidbits:- Historically, remote yet resource-rich regions like Chukotka have topped the income rankings in Russia. Wealthier regions generally have significant natural resource extraction industries or are capital cities.- The national average nominal monthly wage in Russia saw an impressive year-on-year increase of around 13,100 rubles in 2024, reaching approximately 87,952 rubles.- Krasnoyarsk Krai's economy includes mining and related industries, which tend to elevate regional incomes. The region's industry base typically places it in the middle to upper tier of income rankings among Russian regions. However, it's unlikely to rank among the top 10 highest-income regions like Chukotka.
In light of these financial statistics, personal-finance experts might suggest strategies to increase income in bottom-tier regions, such as Krasnoyarsk Krai, to compete with wealthier regions like Chukotka Autonomous Okrug. News about the latest trends in personal-finance could help residents better manage their money and achieve financial stability, especially considering the widespread economic disparities in Russia as reported in the recent news.
