Owning a home remains one of the primary financial goals for Ukrainians. However, the time required to purchase an apartment varies significantly depending on the profession and income level. A new study by OLX Robota revealed that representatives of blue-collar occupations can today save up for a one-bedroom apartment much faster than workers in many other fields. This is reported by delo.ua.
According to analysts’ calculations, plasterers will need the least amount of time to purchase a one-bedroom apartment valued at $50,000. With a median monthly salary of 70,000 hryvnias, they can achieve this goal in approximately 2.6 years. Facade workers and bricklayers show nearly identical indicators, requiring about 2.8 years.
Tilers, long-haul truck drivers, and auto body repairers with an average salary of 60,000 hryvnias need about three years. Construction workers and foremen will be able to save for an apartment in roughly 3.6 years.
The list of professions whose representatives can purchase their own home in less than five years also includes installers, excavator operators, auto electricians, auto painters, plumbers, drivers, auto mechanics, technicians, dentists, taxi drivers, and welders.
According to Mariia Abdullina, Head of OLX Robota, this trend is a direct consequence of the high demand for skilled blue-collar workers and the staff shortages in the construction and manufacturing industries.
“Today, it is precisely the blue-collar professions that increasingly offer one of the highest income levels. This allows specialists to achieve major financial goals faster, including purchasing their own home,” the expert notes.
At the same time, the path to a personal apartment remains significantly longer for representatives of certain other occupations. Housekeepers, nurses, promoters, and animators will need more than ten years of savings. Dishwashers will have to set aside funds for about 11 years, caregivers for nearly 12, cleaners for around 13 years, and janitors for approximately 15 years.
According to the study, security guards face the longest path to owning a home. With a median salary of 7,250 hryvnias, they would need almost 25 years to save up for a one-bedroom apartment worth $50,000.
The study further confirms the shifts in the Ukrainian labor market: the shortage of skilled blue-collar personnel significantly boosts their income levels, while a number of socially important professions still remain among the lowest paid. That is why the issue of competitive salaries and human capital development remains one of the key challenges for Ukraine’s economy.
Photo: Canva