Germany Wages 2024 | Minimum & Average | Take-profit.org (2024)

FAQs

What is the average salary in Germany in 2024? ›

According to figures posted by Salary Explorer, the average salary in Germany for 2024 is €3,830 per month and €45,900 per year.

A good salary in Germany is usually above Germany's median salary of 44.074 euros gross a year and above the average gross wage of 51.009 euros gross a year. A salary between 64.000 and 70.000 euros gross a year is considered a good salary in Germany.

A good annual gross salary in Germany is between €64,000 to €81,000.

A salary between €64,000 and €70,000 gross a year is considered a good salary in Germany. For a single person, this means roughly €40,000 to €43,000 euros net a year or between €3,300 and €3,600 euros net a month.

It is a salary that comfortably puts you in the top third of earners in Berlin. You won't quite be able to afford a positively huge flat wherever you'd like, but a normal-sized one pretty much anywhere, or a rather large one in all but the most expensive areas will be comfortably within reach.

The average graduate starting salary in Germany is €44,000 per year. This wage is significantly higher than the starting salaries in other European countries, such as the UK (€35,000) and France (€40,000).

Now on to the most crucial question: What's a good salary in Germany? This can vary depending on your lifestyle and location, but generally speaking, it's safe to say that a salary of €70,000 to €80,000 per year is considered more than comfortable in Germany.

In its most recent figures from December 2021, the Institute for German Economy (IW) found that a single person earning €3,700 a month after taxes qualifies as rich, as that puts them in the top ten percent of earners in the country.

What is the cost of living in Germany? It would be hard to get by for less than €1,000 a month in Germany, and this rises to around €1,500€ - €2,000€ in the cities where rents are higher. Students can usually cover living costs for around €850 a month.

The average purchasing price of a house in Germany is around 320,000 EUR. On average, people spend about 354,000 EUR on buying a home. The average price per square meter for an apartment in Germany is 3,065 EUR in 2021 across the country.

What is the middle-class income in Germany? ›

For single people, this corresponds to a net disposable income (including transfers) of between EUR 17,475 and EUR 46,600 in 2019. For couples without children, the range is between EUR 26,212 and EUR 69,900.

To reach the top 1 percent of earners, you would need a monthly take-home salary of 7.190 euros. This is equivalent to an annual net income of almost 86.000 euros, after taxes, or an annual gross salary of around 150.000 euros.

For instance, the average rent in Germany is €942 per month. However, when you search homes for rent in Berlin and Munich, expect an average rent of €1,745, whereas, in Frankfurt and Stuttgart, you'll find a lower average rent of €920 per month.

Across Germany, 6 per cent of employees are earning more than €100,000, according to Stepstone's own salary data. The highest proportions of top earners are in Hamburg and Hesse, where 8 per cent are earning more than €100,000.

With flexible working hours and excellent recreational opportunities, Germany offers a good work-life balance. In the Annual Best Countries Report 2023 with findings from the Wharton School at the University of Pennsylvania, Germany ranked 9th for the highest quality of life in the world.

As of 2024, the minimum wage in Germany is EUR 12.41 per hour gross. This effectively means a monthly minimum of EUR 2,151 gross (based on a 40-hour work week).

The Stepstone Salary Report 2024 also revealed that the gross median salary in Germany is 43,750 euros. This means that there are exactly the same number of salaries that are lower and higher than the median salary. More than 920,000 salary data items were analyzed.

Blue Card (EU) for skilled workers with a tertiary education qualification. a minimum annual gross salary of 45,300 euros and in MINT and health professions of 41,041.80 euros (as of 2024).

What is the highest-paying job within the USA in 2024? Being a Chief Executive Officer is the highest-paying- job in America. This position earns an average annual salary of USD 329,500, but their earnings can go as low as USD 276,500 and as high as USD 396,000.