People in Dublin have more "disposable income" than anyone else in the country, new figures showed today.
The Central Statistics Office (CSO) defines disposable income as follows: "Total income minus current taxes on income (e.g. Income taxes, other current taxes) minus social insurance contributions (e.g. Employers’, employees’, self-employed, etc.)."
So that is money you have before doling it out for rent and other bills.
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And CSO figures show that those living in the capital have an average of €24,431 left after taxes and other contributions - 18.4% higher than the average figure of €20,638.
Those working in the Mid-West were the second best off when it came to having cash with €20,306, followed closely by the Mid-East at €19,911.
But those living in the border region were the worst hit among the eight regions of the country and only had on average of €17,370, 15.8% below the State average.
The Midland region with €17,717 was the second lowest in 2016 at 14.1% below the state average.
The figures, released today but based latest available data, also showed that in most of the regions of the country disposable income was on the up year-on-year.
In Dublin alone, the 2016 figure was 4.2% higher than the previous year when it was €23,449.
The CSO states: “Dublin continues to remain the only region with higher per capita disposable income than the State average during the entire 2007-2016 period while the Midland, Border and West regions continue to earn significantly less than the State average.
“The Mid East region is showing incomes close to a par with the state average for 2015 and 2016.
“While the county figures involve uncertainty, they do provide a useful indication of the degree of variability at county level.
"Dublin, Limerick, Kildare and Wicklow are the only counties where per capita disposable income exceeded the State average in 2016 with Carlow, Cork and Waterford just below.”
It added: “At the other end of the spectrum, some counties have never had per capita disposable income greater than the State average during the entire period 2004 to 2016.
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“The gap between the maximum and minimum value of per capita disposable income, on a regional basis, increased from €6,617 in 2015 to €7,061 in 2016, due to Dublin regional incomes increasing by €982 (4.2%) while those of the lowest region, Border, increased by €538 (3.2%).”
