Why are salaries so low in Italy?

One factor is likely to be the “tax wedge”. The cost to an employer of hiring somebody in Italy is pretty high, with all the taxes and contributions to pay for that employee. So the final salary to the employee ends up being pretty low.

Are salaries low in Italy?

Wages Low Skilled in Italy averaged 1302.50 EUR/Month from 2015 until 2018, reaching an all time high of 1390 EUR/Month in 2016 and a record low of 1130 EUR/Month in 2018. Italy Wages Low Skilled – values, historical data and charts – was last updated on December of 2021.

Are salaries good in Italy?

Average salaries vary by industry or region These jobs are more likely to be found in larger companies, which also tend to pay more than average. In conclusion, earning more than €43.000 with benefits included is considered a good salary in Italy, with many opportunities offering even more than that.

What is the lowest salary in Italy?

While there are no official minimum salaries in Italy, some sectors of the economy have minimum wages determined by unions. Most of these unions have a minimum salary of around 7 euros per hour, in each of their economic sectors.

What is average pay in Italy?

European and transcontinental countries by monthly average wage

What is the living wage in Italy?

Living Wage Individual in Italy averaged 893.75 EUR/Month from 2015 until 2018, reaching an all time high of 950 EUR/Month in 2017 and a record low of 825 EUR/Month in 2015. Italy Living Wage Individual – values, historical data and charts – was last updated on December of 2021.

Are salaries in Italy high or low?

Salaries in Italy are generally low compared to most parts of Europe. Even so, big and expensive cities such as Milan offer high salaries, above the national average, which allows residents to cater to the high living costs. On the other hand, people working in the southern region earn much less.

How much does it cost to live in Italy per month?

In U.S. dollars, on average, the monthly rent for a 900-square foot apartment in Italy is around $1,079. A 480-square foot apartment in a cheaper area stands at around $732 per month. This varies from city to city. It costs around $444 to buy a 40″ flat screen TV in Italy.

Why is there a pay gap between northern and southern Italy?

For one, the southern regions and the Islands have a much higher share of low-income employees (17.8\%) compared to the northern regions (6.7\%) ( Statista & Job Pricing ). Some measure of explanation for the pay gap could be found in the higher levels of unemployment and the lower cost of living in the southern regions of Italy.

What are the pros and cons of living in Italy?

Healthcare is free to people who live in Italy. Citizens have the option of paying extra for private healthcare options, but this is not required. This is certainly one of the biggest financial pros of living in Italy.