| |

The Average Salary in Paris in 2024: Expectations vs Reality

The Average Salary in Paris in 2024: Expectations vs Reality

What is the average salary in Paris in 2024? Many people think that Paris is a great place to start a career or earn a significant amount of money.

The average salary in Paris is €54,100 and it’s about €4,300 more than the national average. However, this figure does not consider the differences in occupations, qualifications, experience, and sectors. The Paris average salary also varies depending on the size of the company, the location, and the type of contract.

The minimum wage in Paris is €11.52 per hour or €1,747.20 per month for a full-time employee. This is higher than the minimum wage in most other European countries. Still, it may not be enough to cover the high living expenses in Paris, especially for housing, transportation, and food.

So, what constitutes a good salary in Paris? There is no definitive answer to this question, as it depends on your personal and professional situation, your lifestyle, and your goals. In this blog post, we will explore the expectations and reality of the average salary in Paris based on the latest data and statistics.

Thinking about working in Germany? Read this article: Germany vs France: Which Is Better for Living?

The Expectations and Reality Of the Average Salary in Paris

tea set with a bread and cheese, fork and knife and a phone.

Paris is one of the most popular and expensive cities in the world, attracting millions of tourists, expats, and students every year. Many people dream of living and working in the City of Lights, but what are the expectations and reality of the average annual salary in Paris?

The Expectations

According to recent surveys, Paris ranks as the 10th most attractive city in the world for working abroad. The surveys also reveal that 62% of expats in Paris are satisfied with their financial situation, compared to 57% globally.

One reason for this satisfaction could be the relatively high average salary in Paris. According to the latest data from the French National Institute of Statistics and Economic Studies (INSEE), just the average salary in Paris is enough for a good quality of life. The Paris average salary is about €54,100 per year or €4,508 per month. This is €4,300 more than the national average of €49,800 per year, or €4,150 per month.

Another factor that could boost the expectations of working in Paris is the minimum wage. The government sets it and applies it to all workers in France. The minimum wage, or salaire minimum interprofessionnel de croissance (SMIC), is €10.25 per hour, or €1,554.58 per month. This amount is one of the highest minimum wages in Europe and the world.

The Reality

However, the reality of the average salary in Paris is not as rosy as it may seem. First of all, the average salaries are not the same as the median salary, which is the middle point of the salary distribution. The median salary in Paris is €36,600 per year or €3,050 per month. Half of the workers in Paris earn less than this amount, and half earn more. The median salary is a better indicator of the typical income level than the average salary, which can be skewed by a few very high earners.

Secondly, the average salary in Paris per month does not consider the cost of living, which is one of the highest in the world. The average monthly expenses for a single person in Paris are €1,191.77, excluding rent. The average rent for a one-bedroom apartment in the city center is €1,118.40. This means that the average monthly net salaries in Paris are barely enough to cover the basic living costs, let alone save or invest.

Moreover, the average salaries for jobs in Paris also depend on the worker’s industry, sector, and occupation. The average wage in Paris varies from €32,900 per year in the accommodation and food service sector to €108,500 per year in the financial and insurance sector. The average salary also differs by occupation, ranging from €25,900 per year for cleaners and helpers to €92,800 per year for managers.

Are you planning to move without a job? How To Move To France Without a Job

The Comparison

To put the average salary in Paris in perspective, it is useful to compare it with other major cities in the world. Paris ranks as the 5th most influential city in the world, behind New York, London, Tokyo, and Shanghai. However, when it comes to the average salary, Paris lags behind these cities.

  • The average salary in New York is $74,945 per year or $6,245 per month.

  • The average salary in London is £41,607 per year or £3,467 per month.

  • The average salary in Tokyo is ¥6,015,026 per year or ¥501,252 per month.

  • The average salary in Shanghai is ¥291,596 per year or ¥24,300 per month.

Of course, these figures also need to be adjusted for the cost of living, exchange rates, and purchasing power parity. However, even after these adjustments, Paris still ranks lower than these cities in terms of the average salary.

Related article: Living in the UK vs France: Which Country Is Better?

High Demand Jobs in Paris with Their Average Net Salaries

handsome marketing manager working in a cafe shop

Paris, one of the most vibrant cities in the world, offers a wide range of job opportunities with attractive salaries. The city’s job market is competitive, with higher salaries compared to other European countries. Here are some high paying and high demand jobs in Paris, along with their average salaries and brief descriptions:

  1. Software Engineer: This job earns Paris average salary of €46,358. Software engineers in Paris design, develop, and maintain software systems. Their education level, typically a degree in computer science or a related field, significantly influences their average annual salary.

  2. Project Manager: Earning an average salary of €46,792, project managers oversee projects from conception to completion. They are responsible for planning, executing, and closing projects.

  3. Data Scientist: Data scientists in Paris have average salaries of €45,919. They analyze and interpret complex digital data to help companies make decisions.

  4. Data Analyst: With an average salary of €41,746, data analysts collect, process, and perform statistical analyses of data.

  5. Marketing Manager: Earning an actual maximum salary of €46,811, marketing managers oversee a company’s marketing campaigns.

  6. Senior Software Engineer: Senior software engineers in Paris earn a higher salary. They earn an average annual salary of €60,147. They develop and design software, and often mentor junior software engineers.

  7. Customer Success Manager: With a competitive salary of €51,651, customer success managers ensure that customers achieve their desired outcomes while using the company’s product or service.

  8. Financial Manager: Financial managers in Paris earn competitive median salaries. With a base salary of €55,200, they are responsible for the financial health of an organization.

  9. Medical Doctor: Medical doctors in Paris earn higher salaries. The average salary in France for medical doctors is about €69,526. They diagnose and treat health issues in patients.

  10. Research Scientist: They conduct experiments to increase scientific knowledge in their field. Research scientists with a master’s degree earn a €50,952 average salary in France.

The national minimum wage in Paris is €1,747.20 per month, which is the national minimum salary in France. However, the actual maximum salary is higher. The median salary in Paris is €47,000, which means that 50% of the population in Paris earns less than that while the other half earns more. The base salary in Paris after taxes is around €3,921/month. However, it is possible to live in Paris from €1,500/month by living in shared housing.

Know more about the jobs in France with our blog post: Most Common Jobs in France in 2023

Challenges for Expats Working in Paris

multiracial people working in an international company

Paris is one of the most popular destinations for expats, offering a rich culture, a vibrant lifestyle, and a world-class reputation. However, working in Paris also comes with its own set of challenges, especially when it comes to salary and pay gap. Expats who want to pursue a career in the French capital should be aware of the following factors:

  • Cost of living: Paris is one of the most expensive cities in the world, with high prices for rent, food, transport, and entertainment. The cost of living in Paris is 28 percent higher than the national average. Expats who want to maintain a comfortable standard of living in Paris need to earn enough to cover their expenses and save for the future.

  • Salary gap: Despite the legal requirement for equal pay for equal work, there is still a significant salary gap between men and women in France. In 2020, the salary gap between men and women in France was approximately 17 percent. This means that women earn less than men for the same position and hours worked, and that they effectively start working for free from November 4th until the end of the year. Expats who are women may face discrimination and lower wages in the French labor market.

  • Competitive job market: Finding a job in Paris can be difficult for expats, as the job market is competitive and there are many skilled local workers who are also applying for roles. Expats need to have a valid work visa, a high level of French proficiency, and a strong network of contacts to increase their chances of landing a job in Paris. Some sectors, such as tourism, education, and technology, may offer more opportunities for expats than others.

  • Work culture: Expats will find that the work culture in Paris is formal and hierarchical, with a strong emphasis on appearance, etiquette, and respect. Parisians tend to see deadlines and meeting times as flexible, but expats should try to be punctual and reliable. Expats should also be prepared to deal with the French bureaucracy, which can be slow, complex, and frustrating.

Some possible solutions or tips for expats working in Paris:

  • Negotiate your salary: Expats should do their research on the average salaries and the minimum wage in France before accepting a job offer. The minimum wage in France is 10.25 euros per hour or 1,554.58 euros per month. Expats should negotiate their salary based on their qualifications, experience, and the cost of living in Paris. They should also ask about the benefits, such as health insurance, pension, and vacation days.

  • Know your rights: Knowing the average salary in France and pay gap isn’t enough. Expats should be aware of their rights and obligations as employees in France, such as the 35-hour workweek, the right to disconnect, and the protection against discrimination and harassment. Expats should also keep track of their payslips, contracts, and tax documents, and seek legal advice if they encounter any problems or disputes with their employers.

  • Learn the language: Learning French is essential for expats who want to work and live in Paris. French is the official language of communication, administration, and business in France, and expats who can speak it fluently will have more opportunities and advantages than those who can’t. Learning French will also help expats to integrate into the French society and culture, and to make friends and connections.

  • Network and socialize: Networking and socializing are important for expats who want to find a job and advance their career in Paris. Expats should attend events, workshops, and meetups related to their field of interest, and join online platforms and groups for expats and professionals in Paris. Expats should also try to mingle with the locals, as well as with other expats, and to participate in the cultural and social activities that Paris has to offer.

Reviews from Expats in Paris:

  • Review 1: Paris is a dream! The work culture is laid-back, and I’ve made great strides in my career. On the flip side, cost of living is no joke. Rent is steep, and groceries can be pricey. However, the work-life balance and cultural richness make it worthwhile. Just be ready to budget wisely!

  • Review 2: Work life can be slow, but it pays off culturally. The cost of living isn’t a walk in the park either. My salary covers the basics, but saving is a challenge. It’s a juggling act – great experiences, but keep an eye on those euros!

  • Review 3: The city’s charm is undeniable, but the salary-game is tough. As an English teacher, making ends meet is a real puzzle. Rent takes a big chunk, and sometimes it feels like I’m working to live. If you’re in it for the long run, plan your finances wisely, or it can be a financial rollercoaster.

Expats need a health insurance solution when moving to France. We recommend Cigna Global for international coverage. Because Cigna private insurance is international, you can use your policy not only in France but almost anywhere in the world.

Also read: Cost to Own a Car in France: A Comprehensive Guide

Final Thoughts About The Average Salary in Paris

In summary, the average salary in Paris is €54,100, but the reality is nuanced, considering factors like cost of living, industry, and occupation. Expats face challenges such as a competitive job market, salary gaps, and adapting to the formal work culture. Negotiating salaries, understanding rights, learning French, and networking are crucial for success. While Paris offers attractive job opportunities, it’s essential to navigate the complexities of living and working in this vibrant city.

For more in-depth insights, subscribe to our blog and explore related articles. Your engagement and feedback contribute to keeping our content relevant and informative.

Liked it? Take a second to support Nicholas on Patreon!
Become a patron at Patreon!

Similar Posts