Average Salary in Europe: Where Do People Earn the Most?

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Income disparities in Europe are striking, ranging from over €85,000 to less than €10,000 per year per inhabitant. This variation reflects the economic differences between countries on the continent.

Switzerland at the Top

When it comes to salaries in Europe, Switzerland stands out. According to the latest figures published by Euronews, the average annual salary for a single person in Switzerland reaches €85,582 in 2023. This figure is significantly higher than that of any other country in the region. Northern and Western European states, such as Iceland (€53,885) and Luxembourg (€49,035), offer the most attractive salaries on the continent.

Other High-Income Countries

Norway and the Netherlands are neck and neck, with an average remuneration around €45,000. Among the 32 countries analyzed, France ranks 14th with an average annual salary of €31,481, just above the average net income within the EU, which is €28,217. Italy (€24,207) and Spain (€23,568) are well below this reference threshold. At the other end of the spectrum, Romania (€11,105), Bulgaria (€9,355), and Turkey (€8,968) offer the lowest remunerations.

Switzerland Still on Top Even Considering the Cost of Living

When considering the Purchasing Power Standard (PPS), an artificial monetary unit that eliminates differences in living standards between countries, disparities remain but are less pronounced. Switzerland, where prices are among the highest in the world, remains at the top of the ranking with an income adjusted to 47,403 PPS per year. This time it is ahead of the Netherlands (38,856 PPS) and Norway (36,288 PPS). Considering the cost of living, France climbs one place to 13th in the continental ranking (28,482 PPS).

Belgium, Ireland, and Sweden Also Perform Well

Belgium, Ireland, and Sweden also achieve good results, with incomes exceeding 30,000 PPS. These statistics reflect the economic stability and higher standard of living in these regions, explains Euronews, adding that these figures highlight economic disparities within the continent, influenced by various factors such as economic development, labor market conditions, and the cost of living. With this criterion, Turkey no longer closes the gap, with Slovakia (14,758 PPS) taking the bottom position.