How Much A Family In Europe Earns In A Year, Adjusted For Living Costs

Family income in Switzerland is the highest in Europe at €179,000 a year
is the highest in Europe at €179,000 a year It's lowest in Türkiye at €23,000 a year
at €23,000 a year However when adjusting for living costs, family income falls considerably in Switzerland, and grows 3x in Türkiye
This data is sourced from Eurostat which no longer publishes comparative UK figures.
A family is considered as two earning parents, both making exactly the average wage, with two dependent children.
Figures are rounded.
Comparing Ireland and Türkiye reveals the need to account for purchasing power vs nominal earnings.
An Irish family makes about €96,000 a year after taxes and social security contributions.
It's ranked 6th in the region.
Meanwhile Türkiye is ranked last in euro earnings (at €23,000/year.)
However, by PPS standards (which is an artificial value created by the EU that takes into account living costs), both countries average around 70,000 PPS.
Which means residents in both countries have around the same purchasing power, despite wildly different euro earnings. Ranked by Euro Income Countries ISO Code Euro Income (2024) PPS Income (2024) 1 🇨🇭 Switzerland CHE €178,553 100,777 2 🇮🇸 Iceland ISL €116,411 73,988 3 🇱🇺 Luxembourg LUX €110,438 82,439 4 🇳🇱 Netherlands NLD €101,465 86,753 5 🇳🇴 Norway NOR €97,580 79,979 6 🇮🇪 Ireland IRL €95,776 69,833 7 🇦🇹 Austria AUT €93,722 83,870 8 🇩🇰 Denmark DNK €91,712 63,283 9 🇩🇪 Germany DEU €86,372 79,606 10 🇧🇪 Belgium BEL €80,070 68,222 11 🇫🇮 Finland FIN €76,150 61,224 12 🇸🇪 Sweden SWE €75,076 65,425 13 🇫🇷 France FRA €68,228 60,801 14 🇮🇹 Italy ITA €54,472 55,696 15 🇪🇸 Spain ESP €50,060 54,978 16 🇨🇾 Cyprus CYP €49,273 53,005 17 🇲🇹 Malta MLT €48,048 52,795 18 🇬🇷 Greece GRC €41,142 47,990 19 🇪🇪 Estonia EST €39,965 39,598 20 🇵🇱 Poland POL €39,120 54,982 21 🇸🇮 Slovenia SVN €38,209 42,679 22 🇨🇿 Czechia CZE €36,076 40,725 23 🇵🇹 Portugal PRT €35,394 40,804 24 🇱🇹 Lithuania LTU €34,128 41,570 25 🇸🇰 Slovakia SVK €32,940 39,294 26 🇱🇻 Latvia LVA €31,500 38,393 27 🇭🇺 Hungary HUN €29,788 41,718 28 🇭🇷 Croatia HRV €29,523 39,508 29 🇷🇴 Romania ROU €26,766 44,043 30 🇧🇬 Bulgaria BGR €23,375 39,515 31 🇹🇷 Türkiye TUR €22,880 72,731 N/A 🇪🇺 EU EUR €63,523 62,169
A family is two earning parents, both making exactly the average wage, with two dependent children.

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How Much A Family In Europe Earns In A Year, Adjusted For Living Costs

Family income in Switzerland is the highest in Europe at €179,000 a year is the highest in Europe at €179,000 a year It's lowest in Türkiye at €23,000 a year at €23,000 a year However when adjusting for living costs, family income falls considerably in Switzerland, and grows 3x in Türkiye This data is sourced from Eurostat which no longer publishes comparative UK figures. A family is considered as two earning parents, both making exactly the average wage, with two dependent children. Figures are rounded. Comparing Ireland and Türkiye reveals the need to account for purchasing power vs nominal earnings. An Irish family makes about €96,000 a year after taxes and social security contributions. It's ranked 6th in the region. Meanwhile Türkiye is ranked last in euro earnings (at €23,000/year.) However, by PPS standards (which is an artificial value created by the EU that takes into account living costs), both countries average around 70,000 PPS. Which means residents in both countries have around the same purchasing power, despite wildly different euro earnings. Ranked by Euro Income Countries ISO Code Euro Income (2024) PPS Income (2024) 1 🇨🇭 Switzerland CHE €178,553 100,777 2 🇮🇸 Iceland ISL €116,411 73,988 3 🇱🇺 Luxembourg LUX €110,438 82,439 4 🇳🇱 Netherlands NLD €101,465 86,753 5 🇳🇴 Norway NOR €97,580 79,979 6 🇮🇪 Ireland IRL €95,776 69,833 7 🇦🇹 Austria AUT €93,722 83,870 8 🇩🇰 Denmark DNK €91,712 63,283 9 🇩🇪 Germany DEU €86,372 79,606 10 🇧🇪 Belgium BEL €80,070 68,222 11 🇫🇮 Finland FIN €76,150 61,224 12 🇸🇪 Sweden SWE €75,076 65,425 13 🇫🇷 France FRA €68,228 60,801 14 🇮🇹 Italy ITA €54,472 55,696 15 🇪🇸 Spain ESP €50,060 54,978 16 🇨🇾 Cyprus CYP €49,273 53,005 17 🇲🇹 Malta MLT €48,048 52,795 18 🇬🇷 Greece GRC €41,142 47,990 19 🇪🇪 Estonia EST €39,965 39,598 20 🇵🇱 Poland POL €39,120 54,982 21 🇸🇮 Slovenia SVN €38,209 42,679 22 🇨🇿 Czechia CZE €36,076 40,725 23 🇵🇹 Portugal PRT €35,394 40,804 24 🇱🇹 Lithuania LTU €34,128 41,570 25 🇸🇰 Slovakia SVK €32,940 39,294 26 🇱🇻 Latvia LVA €31,500 38,393 27 🇭🇺 Hungary HUN €29,788 41,718 28 🇭🇷 Croatia HRV €29,523 39,508 29 🇷🇴 Romania ROU €26,766 44,043 30 🇧🇬 Bulgaria BGR €23,375 39,515 31 🇹🇷 Türkiye TUR €22,880 72,731 N/A 🇪🇺 EU EUR €63,523 62,169 A family is two earning parents, both making exactly the average wage, with two dependent children.

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