Top 5 High-Wage European Countries in 2021 - Immigration residency blog (2024)

Europe – includes a large number of countries with high average salaries. The amount of an employee’s income depends on a particular country – geographic location, the degree of development of the economy, the availability of natural resources, and the political component.

There are countries in Europe where the average monthly income exceeds 3000 euros. In this article, we take a look at the Top 5 countries with the highest average wages in Europe.

Germany

Since March 2021, Germany has opened the labor market for a large number of foreign specialists. The opportunity to obtain a residence permit in Germany on the basis of work was obtained by holders of secondary vocational education in popular professions in the country. The average salary in the country is EUR 4,249.89.

Average wages (gross) in Germany by industry, from higher to lower:

• Oil and gas industry – 6740
• Oil refining industry – 5730
• Pharmaceuticals – 5640
• Air transport – 5630
• Automotive – 5620
• Banking and insurance – 5610
• Telecommunications – 5550
• IT industry – 5510
• Mechanical engineering – 5500
• Medicine – 5440.

Watch also:

• Apply for German Citizenship in 2021
• How to Get a Work Visa to Germany in 2021?

Norway

Norway is one of the most developed countries in the world. This state attracts foreigners with a decent standard of living, high wages, a loyal tax system, and employment opportunities in this country. The average salary in Norway allows you to live quite at a decent level. In 2021, the average salary of a person working in Norway was 4,400 euros.

Salary in Norway directly depends on the position held, the amount of work, and the number of hours worked. The highest salaries in Norway are received by representatives of the mining industry. On average, a specialist in this field can receive from 62 thousand kroons. This is approximately 6,500 euros. Finding a job in this industry is not very problematic. Due to the difficult climatic conditions and difficult working conditions in this area, it is difficult to meet residents of Norway. Most often, all vacant jobs are occupied by foreigners.

The finance industry is also valued in Norway. Insurance specialists, loan officers, bank workers, economists, financiers, and accountants receive about 58 thousand. In 2021, it is planned to increase salaries for workers in these professions due to the large shortage of specialists in this area.

Iceland

Iceland is an island state that can interest emigrants with a fairly high standard of living and a stable economy. It is not only rich but also a very beautiful country with many attractions and beautiful nature. Someone may be interested in moving to a permanent place of residence in this particular country.

The average salary in Iceland is 3000 euros per month. Approximately the same is paid to workers in the automotive industry, marketing, energy, science, and education. These numbers and professions are true for indigenous people with education and work experience. Visitors can expect 2000-2500 euros. This is the salary for couriers, security guards, and workers in the repair industry.

Watch also: How to get an Icelandic Passport?

Denmark

At the beginning of 2021, the Statistical Office of the Kingdom published information that the average salary in Denmark reached the mark of 38854 kroons excluding taxes. The amount is 5200 EUR.

If we consider the maximum wages of the population based on the ratio to a particular activity of the economy, the leading positions will be given to financiers, insurers, and specialists associated with the supply of electricity, gas, steam, and air conditioning.

In terms of equality of income of the population, Denmark can be called an equal country. The fact is that the difference between the wages of the rich and the poor is only 3.5 times.

Watch also: EU Blue Card: How to get it in 2021?

Switzerland

The incomes of the Swiss differ enviably from the average European. But the cost of living in the country is also high. The number of working days and overtime work is regulated by law. You cannot work more than 45 hours a week, processing is paid at a rate of 1.3 to the agreed salary. Men receive 15% more minimum income than the fairer sex.

The average salary in Switzerland is 6,800 euros per month. Based on local prices for rental housing, food, transport, medicine, a completely comfortable life can be ensured by earning 100,000 euros per year.

Average starting salary At the beginning of a working career, an employee in the construction industry, for example, can expect a salary of 4,000 euros even without experience. If a resident gets a job at a plant as an engineer or a foreman in a large company, then his income during the internship will not exceed 6,000 euros, which will be 2/3 of the real earnings.

Watch also: The Swiss Residency Program for Individuals