What is the average salary of workers in Austria? This is a question any person who wishes to work or live in Austria asks themselves. It is common sense that you cannot earn money without having to work first. So the question remains, how much does a person working in Austria make? Salaries differ a lot between different jobs. The levels of your skills and education will also affect the amount of money paid in your post. The type of organization or company also plays a significant role in determining your salary.
So what is the average salary of workers in Austria? A person working in Austria can earn an average gross salary of $64436. This includes the person’s transport, housing, and other benefits you get from your employer. The average net salary is $43,030. The most regular gross salary is $47,773.
You are probably wondering what criteria was used to reach this conclusion. This finding basis is on a survey done on 832 individual salary profiles. The particular jobs for these people varied and all job groups were included. Different salaries vary according to the individual’s career, the city of work, education, experience, gender, and even age. The nature of the work too. Whether it is permanent, a contract, self-employed, or part-time. According to the survey, the least paid job is a PLC programmer having an individual gross salary of US$ 13198. The most paid is the HR director having a total salary of $230966.
The average salary in Austria
Here are some of the average salaries for some professions in Austria.
A person working in engineering in Austria earns an average of $3737 per month. The salaries range between $2067 (minimum) to $4959 (maximum) per month. This entirely depends on your field of specialization as an engineer. I made a comparison by the cities and found out that in Vietnam, engineers are paid the most ($4468) than in other cities. Wiener Neustadt pays the least ($3342).
The average salary for a person working in teaching or education is $4375 per month. The minimum salary payable is $2118, while the maximum is $7232 per month. These digits vary between different Teaching and education jobs. The job titles in this category include lecturer, librarian, professors, and teachers in various subjects of specialization.
An entry-level pharmacist having 1 to 3 years of experience earns a salary of $60639 per year on average. The senior-level pharmacists who have eight and above years of experience earn an average of $112412 per annum. The ordinary pharmacists receive an average of 80,100 EUR. These salaries are continuously increasing from the previous years.
A person working as a nurse in Australia earns around $3236 per month. The salaries differ depending on the skills, location, and gender of the individual. The minimum salary is $1458 and the maximum is $4861 monthly payments.
The level of experience is the primary factor in determining your payment as a nurse. A nurse with less than two years of working experience pays approximately $1781U per month. Those with more than 20 years in the field earn $4588 per month. Also, nurses with higher levels of education pay are more. For instance, master’s degree holders make more than bachelor degrees who earn more than certificate or diploma holders.
Accounting and finance
The average salary for a person working in accounting and finance is typically $4066 per month. The minimum amount payable is $1859, while the maximum amount is $8627 per month. For example, real estate financiers who deal with mortgages receive $3616.27 monthly.
A comparison of payments by the cities shows that in Vienna, the average salary is $4862.38, which is the highest. The lowest average salaries are in Wiener Neustadt, which is $3637 per month.
In Austria, a person working in insurance earns approximately $4181 per month. The minimum salary payable to employee insurance is $ 2789.19, while the maximum is $6199.97 per month. Some examples are; claims examiner earns an average of $3475 while an account manager earns $5777.45 monthly.
A person working in the field of telecommunication makes $4141.99 per month. This differs according to the different telecommunication jobs offered.
For example, a chief technology officer earns $ 6572 USD, telecom specialist is paid $4591.82 USD while a telecommunication technician gets paid $2690.20 The minimum payment is $ 258, while the maximum is $ 6715.
Austria Average household income
Austria is among the well-performing countries in many measures of well-being and the Better Life Index than most other countries.
The household income in Austria is updated every year. In 2018 the average disposable income per capita data was $47,300 in December. This showed an increase from the previous year, 2017, which recorded $47271.1 . The average household income reached its highest point in 2018 and lowest in 2006, where it recorded $34682.28.
The amount of revenue in each household determines the amount of average household income. This brings in the idea of employment of the members of the house. 72% of people ages 15 to 64 have a paid job in Austria. This is above the 68% average mark of OECD employment.
The minimum wage in Austria
There is no statutory law for minimum wage in Austria. Minimum rates of pay laid down branch or sectoral level collective agreements. Most of the wage earners are regulated by collective bargaining agreements negotiated by the social partnership. This means that the minimum wage levels vary according to how the sectoral of the trade unions bargain. The current agreement states that no wage earner will receive less than $1650 per month.
The business has always postulated that minimum wages lead to instability in the way the labour market works. Nevertheless, the national-level social partner organizations always give a minimum wage pay to be implemented by the sectoral bargaining parties.
The social partners pursue three main objectives;
Handling incidences of the working poor, especially among women, and attempt to counteract the trend of increasing pay inequalities.
Creating an incentive for workers to work in the possibly lowest wage segment; therefore, curbing undeclared work in the economy.
Demonstrate their capacity and will to use their powers inappropriate manner to pay related matters.
The Austrian wage bargaining system has a high level of stability in terms of the structure and practices of the bargaining agents. This system prioritizes employment goals before equality goals. It has not prevented differentials of large scale pay between sexes, sectors, and employee categories. To ensure equality and reduce the pay gaps, they established a minimum wage pay rate of $1650. This ensures that employees can pay for their mortgage and credit.
Every employee, including those applying for different positions, is always required to have their documents ready for presentation. This includes the wage and registration documents in case of hiring out.
There are penalties involved for underpayment by the employer.
For up to 3 employees, it is $1099 to $10,998 per case. In case of recurrence, it is $2199 to $21,996. For more than three employees, it is from $2199 to $21996 per incident, and in case of recurrence, its $43993.51 to $54991.89.
The average salary in Vienna
If you reside in Vienna, you probably know that the cost of living is high. This is the reason that results in Salaries in Vienna being quite high compared to the other cities in Austria. For instance, for a couple with one kind, the average usage in one month is at least $27495.94 after tax with a moderate lifestyle.
A person working in Vienna will earn an average salary of $4567 per month. The wages, although the range between $679, the lowest to $22239.82, the maximum salary.
The median salary is $5173 per month, which means that half, which is 50% of the working population earns less than $ 5173 per month while the remaining half earns more than $5173. I think you would want to be on the side that earns more than the median salary.
Salaries vary depending on the job you are doing. For instance, an accountant earns an average of $3036.65 per month, while an architect makes an average of $4150.79.
Cost of living in Austria
Austria is one of the wealthiest places in Europe, and it offers its residents very high standards of living. If you are an expat moving to this nation, you will meet with spectacular sceneries, excellent infrastructure, and quality education.
Since it joined the European Union, the cost of food, housing, and other basic needs has gone up in Austria. Expats from UK or France usually find the cost of living in Austria cheaper. This is very different if you are from the US, the Netherlands, Spain, or Canada since you may feel that the cost of living is high.
Your monthly expenses will vary according to the place you decide to stay in Austria. If you live in one of the major cities like Vienna, Salzburg, and Innsbruck, you should be prepared to spend more.
When it comes to housing, renting is a better option for most expatriates who can’t afford to purchase a property. Renting in the centre of the cities is more expensive compared to other places. A furnished room (480 square feet) goes for $917 within the city centre and approximately US$ 688 outside.
Food in this country is quite expensive, mainly during winter, when fresh fruits and vegetables are limited in variety. Even manufactured foods are limited and are generally costly. Expats find frozen, canned foods, chicken, and other meats expensive in Austria.
Travelling by public transport is cheap. You will only pay $2.52 for a single journey on Metro. If you commute regularly, you can opt to pay a monthly pass for $ 55.30. You can use your credit to pay for it.
About the author: Marta Kovachek graduated from the university with a master’s degree in Economics. Marta enjoys writing about the current economic situation and loves helping our readers to find their next "destination". From places to live to complex social and economic topics, we always enjoy Marta's work. Please contact us in case of any questions.