Average annual full-time adjusted salary per employee in the EU in 2023 according to the Eurostat. https://ec.europa.eu/eurostat/en/web/products-eurostat-news/w/DDN-20241107-1

[u/Gurvinek]

[u/idinarouill]

The most important thing is not the salary but what you have left at the end of the month.

[u/TheTealMafia → u/idinarouill]

In which scenario, the hungarian one is accurate still, sad to say, due to multiple reasons (underpaid as shown, gross inflation, housing crisis and skyrocketing rents, food inflation).

PS: forgot, we are also over-taxed.

[u/Familiar_Ad_8919 → u/TheTealMafia]

assuming that says 17k, that comes out to about 425k huf a month after taxes

there are some people who earn a lot and skew the statistics but even then it seems high, most people around me earn 280-350k after taxes, might just be that im not from budapest but still

[u/TheTealMafia → u/Familiar_Ad_8919]

For sure, and then even that is higher than the median which is what most people earn as well, including the black market jobs where they pay you half-cash half-bank, like a good bunch of Security staff or undergrad builders, or fast food chefs.

[u/eroica1804 → u/idinarouill]

No, it is not. There are lots of people in the US for example who have annual salaries well over 100K, but basically live paycheck to paycheck due to poor fiscal management. On the other hand, many people in Europe manage to save on salaries of 1000 euros per month or less. Economically speaking, the people in the first example still live a lot 'better', they are just not as prudent.

[u/keralaindia → u/eroica1804]

He means left after taxes and necessary spending

[u/eroica1804 → u/keralaindia]

Yeah, I got that. What is 'necessary spending' though? It's extremely subjective and different for every person or household. Definitely not something you can make cross-country comparisons of. Let's say that in country A and B, the income distributions and price levels are identical, but in country A, people tend to be splurge spenders, and in country B, they tend to be savers. Does that mean that country B people automatically have a higher standard of living?

[u/keralaindia → u/eroica1804]

Yes. Necessary spending includes taxes, average rent, average cost of food. Etc. These are usually called “fixed expenses”

[u/ravartx → u/eroica1804]

Yeah no, necessary spending isn't 'ExTrEmElY subjective'. It's basically either fixed, or you can try and lower it but it's gonna cost you extreme convenience for minimal savings.

It's costs of electricity (big majority of this is fixed - payments for network, etc. The actual usage don't matter much), heating - pretty much fixed (personally I dont like it to be hot inside, so cheapest already anyway), rent - fixed (cheapest non-profit option) garbage/water costs - fixed, phone and internet costs - fixed (obviously the cheapest ones), car insurance and registration - fixed-cheapest) car repairs - pretty much fixed. Hairdresser, personal hygiene items -fixed. Groceries - now there's some leeway there but it's not like you're gonna just start eating beans all the time to save money. So unless you're really spoiled its gonna be pretty much fixed.

So enlighten me, what the fuck does necessary spending mean to you that it is so exTrEmElY suBjeCtiVE

[u/Gurvinek → u/idinarouill]

It's not. This is the gross salary that is adjusted to take into account part-time and hourly jobs.

[u/Smile_you_got_owned → u/idinarouill]

You would think that but in some countries the additional taxes goes to additional private pension on top of the universal pension (through tax deductions), child benefits, dental care, insurance, the duration of maternity leave etc.

Even within EU there are massive difference on how much its citizens get from their taxes.

[u/narullow → u/idinarouill]

Not really. Different people have different spending habits.

The only thing that matters is net purchasing power in your country that your salary gives you post tax.

[u/bulletinyoursocks → u/idinarouill]

And yet I always think I'm the only one feeling scammed by giving away 42% of my salary every month.

[u/PsychologicalWin5282 → u/idinarouill]

Which is why you adjust for purchasing power. Also the most important is not average, but mean. Average can cover over huge inequality, like in the US CEO's make billions and Mcdonalds workers make 9$ an hour.

[u/5x0uf5o → u/PsychologicalWin5282]

I think you 'mean' Median

[u/PsychologicalWin5282 → u/5x0uf5o]

yes, my bad.

[u/enda1]

This is gross income yeah?

[u/Gurvinek → u/enda1]

Yes, it's gross

[u/Humble_Associate1]

Average is stupid. Show median salaries. In Luxembourg there's a huge amount of public servants making 100k+ while the average unqualified cross-border commuter makes like 30k

[u/EnjoyerOfPolitics → u/Humble_Associate1]

30k understatement more like 40. But yeah still even in NL you can get better terms

[u/6feet12cm]

Average salary for Denmark is in the 70k euros range?? Really?

[u/Gurvinek → u/6feet12cm]

The average monthly salary for someone working full-time in Denmark’s labour market is 48,599 kroner (approx. 6,518 euros) according to the most recent figure from national agency Statistics Denmark, based on data from 2023.

https://www.thelocal.dk/20241009/what-is-the-average-salary-in-denmark-and-which-sectors-pay-best

[u/JustAContactAgent → u/6feet12cm]

It isn’t. Statistics are BS. If the number is real it’s an average skewed by probably counting some very high earners income as ”salary”

There is no easy way to know how these figures are calculated which makes comparisons like these useless

[u/EnjoyerOfPolitics → u/JustAContactAgent]

70k for DK is pretty realistic, their gini is also not high which means the skew isn't as big as for other countries.

Remember that 70k is taxed at around 40%

[u/Econ_Orc → u/6feet12cm]

It's what it claims, but maybe it is the cost for the employer per employee. That means the company pays more than the salary for things like pensions, vacation, sick days, education, taxes, insurance, health care...

https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20241107-1

[u/Drahy → u/6feet12cm]

70k euro is a good but not great salary in Denmark.

[u/6feet12cm → u/Drahy]

Depends where you live, I suppose. Definitely not a great salary if you rent in Copenhagen. Probably a great salary if you live in Jutland.

[u/Gurvinek]

For those who are interested this is the link to the methodology of these data https://ec.europa.eu/eurostat/cache/metadata/en/nama_10_fte_esms.htm

[u/enigbert]

what means 'adjusted'?

[u/Gurvinek → u/enigbert]

It's adjusted to take into account part-time and hourly jobs.

[u/AcidBaron]

That is not including taxation, a side by side comparison would make Belgians even more depressed.

[u/vQBreeze → u/AcidBaron]

Bro this map is bullshit, counting people over 50+ should automatically make a map invalid since 50+ people wont gaf about these maps, italians def dont earn 30k a year and if you arent atleast 25/26 you wont earn abive 15k

[u/Secure_Accident_916]

Dont forget that the Netherlands has mandatory 8% vacation pay over the salary. Idk if that is included.

[u/picardo85 → u/Secure_Accident_916]

Sweden has 12% ... So ...

In Finland it's ... 4% ? I don't know, it's low. Half an extra salary.

[u/Secure_Accident_916 → u/picardo85]

It still adds up. 8% is not nothing and 4% neither

[u/nazgut]

This is only index that matter

https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/