Ireland Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$268

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$23

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$53

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$3,279

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Ireland Cost of Living trends and investment implications

Market Overview

Ireland's real estate market presents a mixed picture for investors, with strong historical house price growth outpacing GDP, but challenges in affordability and supply-demand imbalances. While rental yields offer potential for cash flow, high interest rates and tax burdens could dampen net returns. Strategic property choices and timing are crucial to maximize potential gains.

Key Findings

Data-driven insights

•From 1960 to 2023, house prices grew at an average annual rate of 5.6%, outpacing the GDP growth rate of 3.8%, indicating strong capital appreciation potential.
•Current rental yields in Dublin city centre average 3.9% gross, but finance costs with interest rates at 4.5% can impact cash flow viability.
•Ireland's population grew by 1.3% annually over the past decade, while housing supply increased by only 0.7%, signaling a persistent demand-supply gap.
•The average price-to-income ratio in Dublin is 8.2, highlighting affordability challenges for first-time buyers.

Market Trends

Historical patterns

•Continued urbanization is driving demand in major cities like Dublin, Cork, and Galway.
•Post-Brexit, Ireland's appeal as a business hub is attracting foreign investment, particularly in commercial real estate.
•Government policies are increasingly focused on affordable housing, which may impact high-end property investments.

For Investors

Actionable takeaways

•Consider investing in well-located rental properties in Dublin, which benefit from both high demand and potential for capital appreciation.
•Monitor interest rate trends closely, as rising rates could further impact mortgage affordability and rental cash flows.
•Focus on mid-range family homes or 1-2 bedroom apartments in suburban areas, which may offer better affordability and rental demand balance.
•Given current market conditions, consider a cautious buy strategy, focusing on areas with strong demand fundamentals and potential for future growth.

Market Context

Ireland's real estate market, while offering strong growth potential, faces challenges similar to other European markets, such as the UK and Germany, with high property prices and regulatory pressures. However, Ireland's unique post-Brexit position and strong economic fundamentals provide a competitive edge for long-term investors.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.