Dublin house prices 13 times median annual salary, while Belfast is six, CSO finds

House prices in Belfast are just six times the median gross annual salary, while they are 13 times the same in Dublin, according to figures by the Central Statistics Office (CSO).

To get these figures, the CSO looked at the economies of both the Republic and Northern Ireland, finding that disposable income was higher in the Republic.

In Purchasing Power Standards (PPS), Disposable income per person in the Republic was 21,488, while in Northern Ireland it was 18,998.

Although it found that social benefits per capita were higher in Northern Ireland in 2023, at 5,645 PPS, compared to the Republic at 5,056 PPS.

When it came to specific sectors, manufacturing was the largest sector in Ireland in 2023, accounting for 31% of Gross Value Added (GVA).

Whereas Public Administration, Education and Health were the largest in Northern Ireland at 24% of its total GVA.

Aoife Crowe, Statistician in the National Accounts Analysis and Globalisation Division, said: “This release combines economic data from both Ireland and Northern Ireland into a single publication and brings together data on employment and earnings, and on the national and regional accounts from Ireland and Northern Ireland.

“This allows for a comparison of the two regions to be made and provides insights into the evolution of the two economies over time.

“It explores key areas such as Gross Value Added (GVA) and employment by economic sector, household disposable income, house prices, and productivity.

“It contains a particular focus on the regions connecting Dublin and Belfast, forming what is called the Dublin-Belfast Economic Corridor.”