Average income of home buyers in 2024 over €84,000

Michael Bolton

The median income of people who purchased a property in 2024 was over €84,000, figures from the Central Statistics Office (CSO) show.

CSO figures show the average income of residential property purchasers was €84,400, up from €80,100 in 2023 and €75,600 in 2022.

Just over 60 per cent of residential properties were purchased jointly in 2024.

In 2024, there was 48,780 homes purchased, a drop from the 50,230 in 2023 and 50,030 in 2022.

Kildare had the largest drop in sales, seeing a 21 per cent fall during this time, while there was a 19 per cent rise in Wicklow.

Dún Laoghaire-Rathdown had the highest joint purchaser income in 2024 at €157,100, and the lowest was Monaghan, at €77,900.

The Local Electoral Area (LEA) with the highest median price was Pembroke, Dublin City, with a value of €820,000.

Pembroke also recorded the highest median price among properties bought by joint purchasers with a value of €940,000. For sole purchasers, the highest median price was found in Stillorgan, Dún Laoghaire-Rathdown, at €687,500.

Dún Laoghaire-Rathdown had the highest median price, at €660,000, while Longford has the lowest at €182,200.

Sligo was the county with the biggest annual percentage increase in median purchase price in 2024, rising by 26 per cent.

Limerick saw a rise of 17 per cent, followed by Westmeath at 16 per cent.

The youngest cohort of purchasers on average was in South Dublin, with a median age of 37, while the oldest was in Kerry, with a median age of 45.

The LEA with the highest median age of 54 was Belmullet, in Mayo. Around 11 per cent of purchasers were aged 60 and over.

Almost a third of people who bought a dwelling in 2024 were aged 35 or under. The median income for purchasers aged under 35 in 2024 was €86,400.

In 2022, eight per cent of people who bought a home and were counted in Census 2022 were living with their parents.