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From 2022 to 2024, according to the Bank of Russia, the share of Russian households with savings increased from 72.9% to 75.5%. The average savings increased from 115k to 145k rubles. In 2024, the funds of Russians in banks increased by 11.9 trillion rubles (+26.1%). The total amount is a record 57.5 trillion (about 700 billion USD). In 2024, according to Rosstat, the 10% of the least well-off population of Russia (average monthly income - 14,479 Rubles or 160 USD) accounted for 2% of the total cash income, and the 10% of the most well-off population (240,519 Rubles or 2,670 USD) - 30%. The income of the richest increased by 10%, and that of the poorest - by 6.5%. In 2024, according to the Unified Regulator of Gambling, the growth of legal bets in Russia was 40%, in total - 1.7T rubles (17B USD). The total number of players exceeded 6M, more than 2M made bets at least once a month. The average bet size increased by 18.9% and amounted to 1,268 Rubles (127 USD). 95% of bets were made online. In 2024, Russia exported a record 33.6M tons of liquefied natural gas, +4% compared to 2023. The previous record was in 2022 - 32.9M. The largest buyers were Europe (52%): France (6.3M), Spain (4.8M), Belgium (4.4M), and the Netherlands (1.3M) and Asia (45%): China (7M) and Japan (5.7M). In 2024, according to Rosstat, consumer prices in Russia increased by 9.52%: butter - +36%, vegetables and fruits - +22%, frozen fish - +17%, milk/dairy - +16%, bread/bakery - +13%, sunflower oil - +12%, alcohol - +8%, gasoline - +11%, medicines - +10%, building materials - +8%, tobacco - +6%, electrical goods - +5%, services - +11.52%. More notes from Russia »
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Martha asks: Is 70,000 rubles a lot to a Russian as payment for knitted work? Is it a lot as extra income? How much can a Russian purchase in Russia for 70,000 rubles?
Expert's answer:
As of January 2025, this is a good income, more than the average monthly income for a full-time job in most regions of Russia. To get an idea of what you can buy for this amount, check the following page with info about Cost of Living in Kazan, a large city, but not as expensive as Moscow and St. Petersburg (you can choose any other city you want).

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