In all countries in Europe, there was a significant gender pay gap when looking at average monthly earnings in 2022. This pay gap varied between countries, however, with the differences between the two countries with the highest average earnings being illustrative of this. While in ********** men earned on average ***** U.S. Dollars a month and women earned ***** U.S. Dollars (a gap of roughly ***** Euros), in *********** men earned ***** U.S. Dollars - a whole ***** U.S. dollars more than the average earnings for women, at ***** dollars.

Average net earnings in the European Union was ****** Euros for a single person with no children in 2022, while for a couple with children who both worked it was ****** Euros. Among countries in Europe, *********** was the country with the highest net earnings in 2022, followed by *******************************. The lowest net earnings were found in Bulgaria and Romania, where a single person without children earned on average less than ***** Euros in 2022.

The national minimum wage per month in Spain increased steadily over the last years. The minimum monthly wage grew by about 89 percent from 2008 to 2024, with salaries increasing from 600 euros a month to 1,134 euros a month in 2023. In 2019, the Socialist government of Spain passed a decree by which the national minimum wage would be given a boost of 164 euros, therefore making it stand at 900 euros per month as of that year, the largest increase to date.

Salaries in Spain

Along with the monthly wage, the national minimum daily wage also grew consistently over the past years, with the gross minimum standing at 37.8 euros a day in 2024 relative to 20 euros a day in 2008. Annual wages in Spain have however not followed this trend and fluctuated greatly during the same period. The highest average wage registered in Spain took place in 2009, year in which the mean salary amounted to over 30,000 euros a year after a period of ongoing growth. Spanish salaries however initiated a downtrend that prompted the average worker to earn approximately 29,113 thousand euros a year in 2022.

Salaries in Europe

Iceland ranked as the European country that featured the highest salaries in 2022, with an average wage of approximately 79,473 euros a year. Luxembourg and Switzerland followed second and third, with average salaries of 78,000 and 73,000 a year, respectively. In terms of growth, Portugal ranked as the country that saw the lowest decrease in salaries in 2022 compared to the previous year, with a development of -0.2 percent more relative to 2021, during that year, no European country registered an increase in real wages.

Net annual earnings for a single earner family with two children in the European Union have increased from 25,434 euros in 2013 to 33,939 euros over the period from 2013 to 2023. Net earnings received a boost during the pandemic years of 2020 and 2021, in spite of gross earnings decreasing in 2020, due to reduced taxes and increased family allowances.

The largest share of employees in Switzerland, 16.8 percent, earned between 4,001and 5,000 Swiss francs net per month in 2020. Approximately 11.1 percent of employees in Switzerland earned between 6,001 and 7,000 Swiss francs net per month* in 2020. Switzerland is the highest earning country in Europe, with an average monthly income of around 6,665 Swiss francs in 2020.

This statistic displays the average annual salary of people working as translators across a variety of European countries, in Euros. Switzerland had a disproportionally high average salary for translators, with over fifty thousand euros per year more than the second highest paying nation, Luxembourg. However, the data reported in this statistic should be treated with caution** for a number of reasons.

The median hourly earnings for full-time employees in the United Kingdom was 18.72 British pounds in 2024, compared with 17.48 pounds in the previous year. At the start of this provided time period, in 1997, the average hourly wage in the UK was 7.92 pounds per hour, rising to more than ten pounds per hour by 2003, and above 15 pounds per hour by 2020. Minimum and living wage in the UK In the United Kingdom, employers are expected to pay their employees a minimum wage that is determined by how old they are. Under 18s for example, had a minimum wage of 5.28 British pounds in 2023, with the figure increasing to 7.49 pounds those aged 18 to 20, 10.18 for 21 to 22 year old's, and 10.42 for those aged 23 and over. There is also a voluntarily paid living Wage that employers can choose to pay their workers. For the 2023/24 financial year this was twelve pounds an hour, rising to 13.15 pounds an hour for workers based in London. Icelandic the highest earners in Europe Iceland had the highest average annual wage in the Europe in 2022 at around 79,500 U.S dollars. This was followed by Luxembourg at 78,300 dollars, Switzerland at 72,990 and Belgium at 64,850 dollars. The United Kingdom’s average annual wage amounted to around 53,985 U.S dollars in the same year. In this year, the country with the lowest annual salary in Europe was Greece, at 25,980 pounds per year.

Switzerland and Luxembourg are the European countries with the highest gasoline index. Residents in these countries could afford to purchase more than ***** liters of gasoline on an average monthly net salary. They were the only European countries whose gasoline index exceeded ***** liters and also ranked among the countries with the highest gasoline index worldwide.

Luxembourg had the highest annual starting salaries for pre-primary teachers in Europe, at 71,647 U.S. dollars. This was followed by Switzerland and the Netherlands, at 56,429 and 48,805 dollars respectively.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

In 2023, the United States had the highest gross household disposable income per capita in OECD countries adjusted for purchasing power parity. Their disposable income per capita was over ****** U.S. dollars. Luxembourg followed in second with around ****** U.S. dollars, with Switzerland in third.