Move to Austria Archives - Russianvagabond

Salary is one of the most important factors when accepting a job offer in another country. If you are considering moving to Austria, you need to be aware of the current wages on the market so that you can set the right expectations. In Austria, the net monthly salary between 2,000 EUR and 3,000 EUR is good, and over 3,500 EUR is very good. While the average gross wage in Austria in 2021 is 52,000 EUR (34,517 EUR after-tax), income similar to this amount is considered good. Austrian don't like to talk about salaries and money in general. So it might be difficult to figure out how much you should earn while working in this country. In this article, we give insights on the income levels in Austria and Vienna and the cost of living. What considered a good salary in Austria? In 2021, for a working person living in Austria net monthly income of 2,000 EUR and 3,000 EUR is considered to be good. You can easily cover all your living expenses and even save some money every month. On average, Austrians earn around 52,000 EUR gross per year or 2,876 EUR monthly after taxes. Average salary in Austria in 2021 Development of average salary over last 10 years The average annual gross salary of employees in Austria is 52,000 EUR in 2021, or 4,333 EUR per month. That comes to 34,517 EUR (2,876 EUR monthly) after-tax, including all bonuses. It's around 8,000 EUR more than in 2020. In 2019, the average gross monthly income (14 times) in Austria was around 2,560 EUR. The average Austrian salary is comparable with most Western European countries and Scandinavia. Minimum wage There is no regulated minimum wage in Austria. However, the law says that an employee should receive at least 1,500 EUR gross per month. This minimum monthly wage applies to all industries in the country. Also, almost all working contacts in Austria are regulated by collective agreements, so you won't be under or overpaid. Employees get paid 14 times, including a typical 12 salaries plus a holiday and Christmas allowance. Average salary range Furthermore, several factors are influencing the average salary in Austria. Location plays a significant role. So, full-time employees in the region of Vorarlberg enjoy the highest income, whereas people working in Tyrol have the lowest salaries. Incomes in Vienna are right in the middle. Nevertheless, on average, specialists and executives tend to earn the most in the Austrian capital. For example, in Bregenz average income is 55,600 EUR, in Innsbruck 51,700 EUR, Graz - 51,000 EUR und St. Pölten - 50,250 EUR. Special bonuses All employees receive 14th salaries in Austria. Two additional salaries are the holiday allowance and Christmas bonus. According to the job platform StepStone best-paid industries in Austria in 2021 are: chemical and petroleum processing industrypharmaceutical industryIT sector bankingconsumer goodsenergy and water supply consulting and auditingelectrical engineering With average salaries ranging from 60,000 EUR to 64,250 EUR annually. While average salaries in different sectors: Agriculture – €2,646Arts and culture – €2,945Banking – €4,227Cars – €3,405Commerce – €3,420Construction – €3,736Education – €3,110Electrical engineering – €3,580IT – €4,677Journalism – €3,101Law – €4,354Management – €5,313Marketing, advertising, and PR – €3,779Technology development – €4,807Textiles – €2,183Transport – €2,937 Also, the company's size makes a difference: you can expect a higher salary in a company with more than 1,000 employees. Plus, someone who high education earns 34% more on average. In fact, workers with completed university degrees earn around 14,000 EUR more per year than those without. Highest average salaries Among high earners are: doctors (79,000 EUR)managers (73,000 EUR)financial experts (72,250 EUR) investment advisors or controllerslawyers (63,650 EUR) The average salary in Austria by experience Your salary will grow with the experience: 0-2 years – €40,067/year2-4 years – €44,538/year4-8 years – €54,009/year8-12 years – €64,480/year12-16 years – €70,906/year16-20 years – €83,007/year20+ years – €91,288/year https://russianvagabond.com/19-pros-and-cons-of-moving-to-austria/ Is 36,000 EUR per year a good salary for Austria? A gross salary of 36,000 EUR will give you 25,812 EUR net including bonuses, that's 2,083 EUR per month. You can live comfortably on around 2,000 EUR per month. Therefore, a gross salary of 36,000 EUR is a decent income in Austria. What is a good salary in Vienna, Austria? A net salary between 2,000 EUR - 3,000 EUR per month is considered good in Vienna, Austria. The average salary in Vienna is 52,000 EUR per year. Below you can see average wages in Vienna for each profession. JobAverage salary per month (gross in EUR)Hospitality Industry Hotel receptionist salary1,650 euros / monthCleaner (hotel, restaurant)1,650 euros / monthCook / Chef1,900 euros / monthWaiter1,700 euros / monthRestaurant / Hotel Manager2,100 euros / monthInformation Technology Industry IT Analyst2,400 euros / monthData Scientist2,900 euros / monthFrontend Developer2,500 euros / monthApp Software Developer (Android)2,700 euros / monthPython Developer2,900 euros / monthFull Stack Developer3,500 euros / monthProject Manager3,000 euros / monthEngineering and Logistic Industry Driver (car / van)2,000 euros / monthCivil Engineer3,000 euros / monthArchitect3,000 euros / monthMechanical Engineer3,200 euros / monthWarehouse Manager2,300 euros / monthHealthcare Industry Nurse2,200 euros / monthDoctor (GP)5,000 euros / monthDentist6,000 euros / monthPharmacist3,500 euros / monthFinance Industry Accountant2,400 euros / monthLawyer4,000 euros / monthReal Estate Agent2,200 euros / monthSales Representative1,800 euros / monthFinancial Manager3,200 euros / monthMedia and Marketing Industry Designer2,300 euros / monthJournalist2,500 euros / monthPhotographer1,900 euros / monthTranslator2,200 euros / month https://russianvagabond.com/how-to-get-a-job-in-austria-without-speaking-german/ Cost of living in Vienna Vienna ranked on the place 55 out of the 209 cities in the Mercer Cost of living survey 2020. The single person estimated monthly costs: 1,849 EUR - 786,62 EUR without rent. Rent costs for a one-bedroom apartment outside the city center are 676 EUR and 880 EUR in the city center. Is 55,000 EUR per year a good salary in Vienna, Austria? A gross salary of 55,000 EUR will give you 36,072 EUR net including bonuses, that's 3,000 EUR per month. Considering the cost of living in Austria, you can live a very comfortable life at 3,000 EUR per month. The average salary across Austria is 52,000 in 2021. With an annual income of 55,000 EUR, you can rent a nice apartment and affordable, high-quality food, eating out, hobbies, traveling, and some savings. Is 42,000 annual salary good in Vienna, Austria? A gross salary of 42,000 EUR leaves you 29,217 EUR net annually or 2,434 EUR monthly, including bonuses. You can live comfortably on around 2,000 EUR per month. Therefore, a gross salary of 42,000 EUR is a good salary for Vienna, Austria. The cost of living in Vienna is 1,849 EUR for a single person. Is Vienna the best city to live in Austria? Check out this article on our top cities in this beautiful country. https://russianvagabond.com/best-cities-to-live-and-work-in-austria/ How much do you need to live comfortably in Austria? Generally, an adult would need around 2,000 EUR per month to live comfortably in Austria. This includes: renting a one bedroom apartment in the good areabuying average and high quality foodgoing out for meals and drinksyearly vacation and gateways weekendssaving at least 100 EUR-200 EUR every month Students can live on a small budget since most of them rent a room in a shared apartment, which costs between 350 EUR and 500 EUR per month. Therefore, 950 EUR - 1,100 EUR is a comfortable amount to live as a student in Austria. The general cost of living in Austria: Family of four estimated monthly costs are 2,914 EUR without rentA single person estimated monthly costs are 834 EUR without rent Housing One bedroom apartment range from 560 EUR to 700 EUR per month.Three bedroom apartment from 1,050 EUR to 1,350 EURUtilities for one bedroom apartment around 100 EUR-150 EURInternet 33 EUR Food For 400 EUR you can get very high food quality if you don’t eat out too often. For many people, 200 EUR – 300 EUR is enough for food. Transport In Vienna, you can buy a public transport ticket for 365 EUR for a whole year. Healthcare costs As an employee, you can select between public and private health insurance. The rate of public health insurance is based on your income - employees pay 7,65% of their gross salary (half paid by the employer). In contrast, private insurance will cost you a fixed amount independently from your income. Self-employed and freelancers pay a whole 7,65% for public health insurance. Find suitable health insurance for Austria on this platform. How much tax do you pay in Austria? As an employee in Austria, you will pay income taxes and social security contributions on a monthly basis. Around 18,12% of the gross income will be deducted for social insurance contributions. Your employer will also pay the social security fund on your behalf - 21,32% from your salary. Around 1,53% will go to pension insurance. Both employees and self-employed must contribute to the Austrian social security system. Here is a breakdown of social security funds you will pay to: Health insurance – employees pay 7,65% in total (half is paid by the employer), while freelancers and self-employed pay full amount themselves. Accident insurance – 1,2%Unemployment insurance – 6,2%Pension insurance – 22,8%, and 18,5% as a new self-employed. Find your insurance for Austria on this platform. Income taxes Income taxes vary from 25% and 55%. Monthly income up to 1,099 EUR or 11,000 EUR annually is tax-free (2021). After different rates apply depending on the earned amount: €11,000 to €18,000 - 20%€18,000 to €31,000 - 35%€31,000 to €60,000 € - 42% €60,000 to €90,000 - € 48% up to €1.000.000 - 50% and above - 55% Self-employed also pay income taxes starting from the income of 11,000 EUR. If you make more than 30,000 EUR, you will have to pay VAT. Taxes is one of the reasons why you shouldn't move to Austria. https://russianvagabond.com/17-reasons-you-should-never-move-to-austria/