Are you considering a move to Austria and wondering, “What is a good salary – Austria?” Understanding the average salary, average monthly salary, minimum salary, average gross salary, income tax, and other essential aspects is crucial for salaried employees and expatriates.
The average salary in Austria is approximately €2,182-€3,400 per month. Meanwhile, the minimum wage is €1,500 per month.
Discovering the median and average salaries in Austria provides valuable insights to help you make informed financial decisions in this welcoming European country.
What Is Considered A Good Average Monthly Salary In Austria In 2022-2023?
In 2022-2023, the average salary in Austria is approximately €2,182-€3,400 per month. This figure represents the average wage earned by full-time employees in the private sector within Austria.
It’s important to note that this is an average, and individual salaries can vary based on factors such as occupation, experience, and location within Austria.
When discussing salaries in Austria, it’s also crucial to consider the minimum wage, a statutory requirement. The minimum wage in Austria is determined through collective bargaining agreements and is relevant for all employees, including those in the private sector. These agreements set the minimum wages that employers must adhere to, ensuring fair compensation for workers.
Expected Minimum Wage in Austria
Based on a report by wageindicator.org, there is a government-mandated minimum wage of €1,500 per month. Effective July 1, 2020, this minimum wage is a crucial factor when considering salary standards in the country. It applies uniformly across all sectors of the economy, ensuring a baseline compensation for full-time employees throughout the year.
When discussing wages in Austria, it’s important to differentiate between the minimum and average salaries. The minimum wage of €1,500 per month represents the lowest acceptable compensation that employers must adhere to according to government regulations.
On the other hand, the average salary, typically ranges from €2,182 to €3,400 per month for full-time employees in various sectors.
Collective Bargaining Agreements
Collective bargaining agreements play a significant role in establishing the minimum wage and influencing average wages in Austria. These agreements are negotiated between employers and employee representatives and help set fair compensation standards for Austria employees.
The minimum wage, being a legally mandated baseline, ensures that all employees, including those in the IT sector and generally speaking, receive a certain level of salary.
In Austria, you will have better employment chances with impressive collective bargaining agreements when looking for jobs in high demand.
The Average Salaries in Different Cities in Austria
The average salary isn’t uniform across the country. The salary range greatly depends on the location, which is an important factor to consider for anyone seeking employment or planning to move within the country. Salaries in Austria vary significantly based on the city or region. Here’s a breakdown of average salaries in various Austrian cities:
- Vienna: The median salary in Vienna is €31,407 per year, resulting in an estimated net income of €23,617 per year after taxes. In Vienna, salaries vary widely, with software engineers below average and dentists and pharmacists above average earners.
- Lower Austria: The average gross salary in Lower Austria is the highest in Austria at €34,374.
- Dornbirn: The average salary in Dornbirn is €3,470 per month.
- Graz: The average salary in Graz is €4,470 per month.
- Innsbruck: The average salary in Innsbruck is €3,830 per month.
- Klagenfurt: The average salary in Klagenfurt is €3,760 per month.
- Linz: The average salary in Linz is €3,970 per month.
- Salzburg: The average salary in Salzburg is €4,120 per month.
In Austria, the salary a person can expect is crucial when considering a job or planning their income. Salaries, often paid year-round, significantly impact an individual’s financial situation. The median salary reveals income structure, but city variations emphasize location’s role in determining pay.
For employees in Austria, understanding the regional differences in salaries is vital for making informed decisions about jobs and income. This data also provides companies and social partners with essential information to ensure fair compensation and attract talent nationwide.
Read about salaries in Vienna in this in-depth guide.
Income Tax In Austria
Comprehending the income tax structure is crucial for anyone considering a job or salary in Austria. These rates determine the percentage of income individuals are obligated to pay to the government, impacting net pay and financial planning. For residents in Austria, the income tax rates for 2023 are structured as follows:
- 0% for income up to €11,693
- 20% for income between €11,694 and €19,234
- 30% for income between €19,135 and €32,075
- 42% for income between €32,076 and €62,080
- 48% for income between €62,081 and €93,120
- 50% for income between €93,121 and €1,000,000
- 55% for income above €1,000,000
These income tax rates apply to individuals in various sectors, including IT, necessitating awareness of tax implications in Austria.
Is 36,000 Eur Per Year A Good Minimum Salary For Austria?
Yes. The wage in Austria, specifically a minimum salary of 36,000 EUR per year, is generally considered adequate.
Salaries in Austria vary based on factors like job, company, and location. Social partners often negotiate and set minimum wage standards to ensure fair income for workers. Jobs that offer this income level provide a baseline for living costs and contribute to a decent standard of living in Austria.
Expect this income to cover essential expenses, aligning with prevailing salary norms in the country.
Cost of Living In Austria
The cost of living in Austria can vary depending on the city and the individual’s lifestyle. Here are some key factors to consider:
- Housing: Housing costs in Austria can be high, especially in cities like Vienna and Innsbruck. However, housing options in Austria are generally more affordable than in neighboring Germany and France. Public housing is available in Vienna for residents who meet the income requirements.
- Food: The cost of food in Austria is relatively affordable. A basic lunchtime menu in the business district can cost around €13. Grocery prices are also reasonable, with a Groceries Index of 72.9 in Villach, according to numbeo.com.
- Transportation: The cost of transportation in Austria is moderate. Monthly transport expenses for one person can be around $130, based on the report by livingcost.org. Public transportation is well-developed and can be a cost-effective option for getting around.
- Utilities: Utilities, including electricity, heating, cooling, water, and garbage, can cost around €238.20 for a 915 sq ft apartment. Internet and mobile phone plans are also reasonably priced, with a monthly cost of around €30.66 and €22.63.
- Entertainment: The cost of entertainment in Austria can vary.For instance, an international cinema ticket costs roughly €11, while a monthly adult fitness club fee can be €31.10.
- Education: If you are a student, Austria’s average monthly living expenses are approximately €1,200.
Average Gross Salary of Different Jobs In Austria
Understanding the average gross salary of different positions in Austria is crucial for professionals and individuals interested in this country. These figures shed light on the monetary aspects of various occupations and can provide valuable insights into the cost of living and earning potential.
In Austria, the average gross salary for different positions annually is as follows:
Software Engineer: €44,000 per year
Dentist: €100,000 per year
Pharmacist: €70,000 per year
Lawyer: €60,000 per year
Marketing Manager: €60,000 per year
Accountant: €45,000 per year
Nurse: €36,000 per year
Teacher: €33,000 per year
Graphic Designer: €30,000 per year
Receptionist: €24,000 per year
These figures represent the gross wages before taxes, bonuses, or other benefits. It’s essential to note that actual salaries can vary based on experience, qualifications, location within the country, and the specific employer or industry.
Final Thoughts About The Average Salary – Austria
In conclusion, the average salary in Austria is a key factor for anyone interested in working or living there. The average salary varies depending on the location, the occupation, the experience level, and the industry. The minimum wages and the income tax rates are also important aspects that affect the net income and the quality of life.
Therefore, it’s advisable to research and plan before moving or applying for a job in Austria. If you want to learn more about the average salary, the cost of living, and the job opportunities in Austria, please click on the links below. Your support helps keep this blog afloat.