2 weeks Ago
The answer isn’t so simple. It depends on factors such as where you live, your experience, the industry, and your lifestyle. What makes a good salary in Europe? Here's a look at the continent's five largest economies.
According to Chris Chasteen, Research Director at ERI Economic Research Institute, in Germany, a gross salary between €64,000 and €70,000 is considered good. That’s about €3,300 to €3,600 net per month. Salaries are slightly higher in Berlin compared with other German cities, but the cost of living remains lower than in London and Paris.
In the UK, a good monthly net salary ranges between £2,500 and £3,300 — about €2,962 to €3,915. But in London, where earnings are 23% higher than the UK average, a good salary would be at least €3,643. In France, the average salary is €2,587 per month, but a good salary for a comfortable life in France is around €3,200 per month for a single person.
In Paris, you need at least €3,400. In Spain, a good salary is considered around €2,700 per month for a single person, but it goes up to €3,185 in Madrid where salaries are about 18% above the national average. In Rome, meanwhile, a good salary typically ranges from €3,750 to €5,690.
In the rest of Europe, meanwhile, people's satisfaction with their personal financial situations varies from 39% in Athens to 87% in Luxembourg. Northern and western EU countries generally report higher satisfaction. Video editor.
