Source: https://www.estv.admin.ch/estv/en/home.html. Read about our approach to external linking. In which countries do high earners pay the most tax? Paris is a drag. I do not exactly understand what you want to know, if you want to estimate the salary you need or you can expect in the US (which are 2 different things). (October 20, 2022). Germany has a Gross Domestic Product (PPP) of 3,979.08 ($ Billion) from a population of 80,636,124. Of course, the salaries you're talking about here are gross (as in pre-tax), so obviously first step would be to calculate net salary. (US GDP per Capita)/(My country GDP per capita) and same for PPP). Job security is a problem in US I agree. While the average . United States $7.25. A default deduction is allowed of 1,000 EUR for work-related expenses. As an intern in France, you do not receive a salary but rather financial compensation which is known as gratification minimale or a minimum bonus. Source: https://www.impots.gouv.fr/portail/international. You should get a generous offer or stay where you are. Developers in Abuja make slightly less than the national average, $5,808 per . France ranked 29th vs 30th for Germany in the list of the most expensive countries in the world. Have you been working in zurich and seattle? However, in the 1980s, Mitterrand changed this principle to index minimum wage to inflation. Show publisher information We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people. If you make 50k EUR, that's about 57k USD as of December 2021 (with EUR = 1.15 USD). Google Zurich pays out a base salary of CHF 146k and 30k in stock bonuses, for a total compensation of CHF 176k, for a net pay of CHF 124k or $138k per year after tax. There are also a bit more public holidays in European countries. Since then the average wage in France has been increasing, despite a slight decrease between 2019 and 2020. The average hourly labor cost in the European Union in 2021 was 29.1 Euros, with the highest average among EU member states ranging from . Outside the G20, the Danish government taxes workers at 60% on all earnings over $60,000. I find it to be relatively inexpensive comparing to for example Amsterdam. Germany ranked 30th vs 5th for the United States in the list of the most expensive countries in the world. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information. Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html. In 1966 The Beatles released their song Taxman as a protest against the 95% "supertax" rate introduced by Harold Wilson's Labour government, which the band had to pay. In US you have to components of the income tax, first the federal tax, then in some cases state tax (California is one of these states, and actually has the highest state tax of all). I MUCH prefer SF & coastal West coast cities. So I ended up considering a non-scientific approach: take the European value in euro, double it, and you've got the matching wage in dollar: Though that "method" won't adapt well when the Euro/dollar exchange rate will change (which is very likely to be in 2015 with the recent fall of oil prices). I'm a software engineer in Europe, and my firm is about to offer me a position in the US to bring up a team (In San Francisco or New York, it's still not decided yet). And I'm comparing salaries in the IT market in metropolitan areas, of course. The gardens are dirt paths mainly.You get used to less holiday. Directly accessible data for 170 industries from 150+ countries As far as public transport, don't know about NYC, but SF and whole Bay Area has excellent system with Caltrain, BART, metro, trams and buses. As a European, your only concern is with regards to kindergarten costs, as you can always send your kid back to Europe to get his free university degree if necessary. It becomes especially important when you add taxation into the mix, as different US states have different tax levels, just like different EU states. In Germany the rate drops from 39.9% to 21.3% because of generous child tax credits. Chart. According to Eurostat data, the gender pay gap in France was 15.8% in 2020, which was slightly above the EU average of 13%, but lower than in Germany (18.3%), Switzerland (18.4%), Austria (18.9%), Estonia (21.1%), and Latvia (22.3%). No need to register, just enter your comment and click add! Get quick analyses with our professional research service. Prices on food, electronics, dining, etc, are usually a small part of your budget and are comparable across all Western countries. We do not accept liability for any errors or omissions, please read our disclaimer and terms and conditions of use. * calculations are currently based on the 2019 tax rules, rates and allowances for comparable single individuals in each country. Let's consider the wage for an engineering job in Paris with a gross income of 50,000 a year. That said, French salaries do not compare very well with the rest of western Europe. Forgetting about currency conversion is especially prevalent for countries who's currencies are "dollars" - a Canadian dollar is worth merely 0.73 US dollars, regardless of what its called, but Canadians often make the mistake of comparing the two as if they have the same value. Income tax has been a political hot potato for decades. However, there are reduced French TVA rates for certain pharmaceuticals, public transport, hotels, restaurants, and tickets to sporting/cultural events (10%), food and books (5.5%), and TV licenses and newspapers (2.1%). For more details of these cookies and how to disable them, see our cookie policy. To use individual functions (e.g., mark statistics as favourites, set ", OECD, Average annual wages in France from 2000 to 2021 (in current euros) Statista, https://www.statista.com/statistics/416204/average-annual-wages-france-y-on-y-in-euros/ (last visited July 01, 2023), Average annual wages in France from 2000 to 2021 (in current euros) [Graph], OECD, October 20, 2022. You can get rough idea how far given amount of net salary will get you on sites such as Numbeo or Expatistan, which compare cities on cost on living index. Up to 4,500 maximum is allowed as a deduction for travel expenses to and from work - here we use 2,500 EUR. We could go on forever without some objective statistics. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. The minimum wage has been set by the government at $450, per month without social benefits for the year 2023, but a worker also receives mandatory 13rd and a 14th salary. Tax rates do vary dramatically depending on which country you live in. Help us continue our work by making a tax-deductible gift today. In TikZ, is there a (convenient) way to draw two arrow heads pointing inward with two vertical bars and whitespace between (see sketch)? The things I noticed when it comes to comparing salaries and budgets between the two countries are that: But overall, the main difference is about the "package". Denmark (55.9percent), France (55.4 percent), and Austria (55percent) had the highest top statutory personal income tax rates among European OECD countries in 2021. From Wikipedia, the free encyclopedia This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. It's also not very typical to have very long vacations. Cost of Living Comparison Between France and Germany . The average software developer salary in Nigeria is $7,255 per year. Your use of this service is subject to our Use Ask Statista Research Service, Revenue of the e-cigarettes industry Worldwide 2017-2027, Most used level of nicotine in electronic cigarette liquid among French people 2020, Reasons for starting to use an e-cigarette among French people 2021, Nicotine level preferences in liquids used in e-cigarettes France 2020, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Research Expert covering consumer goods and retail, Profit from additional features with an Employee Account. Difference in cost of healthcare, pension and taxes What have you got left once it's all paid? One of the most striking facts to emerge is church taxes. Notably, public organizations cannot offer more than this sum to interns. the lowest average advertised salary of 14,400.00 EUR Hungary (15 percent), Estonia (20 percent), and the Czech Republic (23 percent) had the lowest personal income top rates. Naturally, the average wage in France varies depending on the sector. Transport is expensive, but I definitely offset that cost by not having to own a car. The quality of the apartment you can thus afford (adding up housing costs and transportation costs for each option) will give you an idea whether this will be a comfortable life for you or not. The following tax rates apply to married couples with two children. Parisians make it particularly horrible: rude, unwilling to speak English, lazy, complaining constantly. rent is easily higher in large US cities than in France, and France has higher rents than Germany. The average cost of living in Germany ( $1442) is 35% less expensive than in the United States ( $2213 ). And compared to Europeans, African households in France earn 25% to 30% less. To improve the economic situation and infrastructure for certain regions in need, the German government has been levying a 5.5% solidarity surcharge tax. Well, that's interesting but I had an employee in Rotterdam who opted to pay to keep his car when the company was going to take it away. Most of us can only dream of earning a salary that would attract the top rate of tax, so what about ordinary earners? Elementary and high school are free in both countries and university education costs a crazy amount of money in the States. Paris is always cold & gray (except August when everything is closed) . But I can still give you clues about the differences of budget between these two situations. Healthcare is always covered and is usually more accessible in the US than the "free" healthcare in Europe. BUT in the US i got hardly no vacation days and here in paris i get the whole of August off and I live in a city where everyone is not burned out from work.. I'm dual btw, british pakistani with american residency from my dad. So you should deduct 1 week's worth of wages from your US salary to get the vacation-adjusted version. The average after-tax salary is enough to cover living expenses for 1.9 months in Germany compared to 1.9 months in the United States. So there you go, tens of thousands of dollars cheaper.