Russians Get Rich Very Fast

russian state insurance agency

Russian State Insurance company published statistics of Russian middle-class grow in 2007.

In summary, year-to-year growth of households who make equivalent of 125 thousand dollars or more is 151%.

Russian economy is booming and it’s reflected in growing income of most of the Russian households. In average, Russians got 10.4% richer in 2007 comparing to 2006. Average monthly income per capita after taxes was 12.5 thousand rubles (about 500 dollars) and top 20% of Russians had average monthly income 29.8 thousand rubles or more (1.24 thousand dollars) comparing to 23.4 thousand a year ago.

There are more than 200 thousand households who make more than 1 million dollars a year after taxes, more than double comparing to a year ago.

Household Groups by annual income after tax Number of households, thousands Growth, %
2007 2006
16 thousand dollars or more 19400 14600 33%
25 thousand dollars or more 9190 5560 65%
50 thousand dollars or more 4500 2120 113%
125 thousand dollars or more 1760 700 151%
250 thousand dollars or more 860 360 138%
500 thousand dollars or more 420 190 126%
1 million dollars or more 210 100 114%
2 million dollars or more 100+ 50 103%
3 million dollars or more 70+ 30 97%
4 million dollars or more 50+ 30 93%
5 million dollars or more 40+ 20 89%

Income distribution by city (2007) in rubles, per capita, after taxes.
income distribution 2007 in russia

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