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80k annually works out to 6700 EUR/m If Wikipedia(1) is semi-accurate, no (ZERO) major European county surpasses this. Not even Switzerland which clocks in at
by iSnow 5y ago
80k annually works out to 6700 EUR/m
If Wikipedia(1) is semi-accurate, no (ZERO) major European county surpasses this. Not even Switzerland which clocks in at 70k EUR. And that's average, the mean is even lower due to skew by those making top money.
(1) https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage#Gross_average_monthly_salaries https://en.wikipedia.org/wiki/List_of_European_countries_by_...
- IQunder130 5y agoMean and average are the same thing. You might be referring to the median instead.
- iSnow 5y agoYes, thanks.
- reader_mode 5y agoIn Europe that nets you about 50-60% after mandatory pension, health insurance and income tax. You listed net incomes. 6.7 gross will be >4k net And slap 20-25% VAT on top. That money is really not that much, a generalist MD would make that for eg.
- iSnow 5y agoI specifically linked to gross income, it's 5882 EUR/m in Switzerland according to Wikipedia, or 70.5K EUR annually. Germany is 48k EUR gross, around 30k net.
- reader_mode 5y agoSorry it scrolled up for me. To be considered sky high in my book you need to be actually rich - able to afford luxuries such as own a luxury home, driving a premium car, be able to rent a yacht for a vacation - you need to be making >150k for your income to be noteworthy, otherwise you're just doing well off - higher middle class. Sorry but there's nothing sky high about earning 80k EUR per year and living in London, Zurich, Oslo, Amsterdam, Munich, etc. you barely stand out, especially if you socialise with other college educated workers, you're probably the norm or below it for career people.