The northern and western region of the country had the lowest median average income in Ireland at €239,000 in 2023, according to the Central Statistics Office (CSO).

The figures, released today (June 11), showed that the eastern and midland region had the highest median net wealth at €264,400 in 2023, followed by the southern region at €251,700.

According to the CSO, in 2023 the median household net wealth was €256,900, up €58,500 since 2020, when it was €198,400.

It also found that more than two-thirds (68%) of all households owned their main residence in 2023, either with or without a mortgage.

The median value of the residence was €340,000, an increase of €80,000 or 30.8% from the 2020 value of €260,000.

The CSO found that in 2023, the wealthiest 10% of households had a net wealth of at least €1,024,000, the highest ever seen in this survey which began in 2015.

Meanwhile the bottom 10% had "at most" €2,400.

The CSO's statistician in the income, consumption and wealth division, Stephen Lee explained that more than 5,000 households from around the country participated in the 2023 survey, by telephone or doorstep interview.

The eastern and midland region includes Dublin, Wicklow, Kildare, Meath, Louth, Longford, Offaly, Westmeath and Laois.

The southern region was made up of Clare, Tipperary, Limerick, Waterford, Kilkenny, Carlow, Wexford, Cork and Kerry.

Finally, the northern and western region included Donegal, Sligo, Leitrim, Cavan, Monaghan, Galway, Mayo and Roscommon.

According to the CSO, the median income was mainly driven by higher house prices in the eastern and midland region which includes Dublin and its commuter counties.

The survey also found that in 2023, 30% of households had a mortgage on their main residence with the median outstanding balance being €117,900.

In 2023, the median loan to value ratio, the ratio of the outstanding amount of the mortgage to the current value of the dwelling, was 36%, down from 45% in 2020.

This was mainly due to the increases in house prices since 2020, according to the CSO.