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The average salary, half of the employees are paid less than 50 thousand ALL per month gross. Where are we compared to European countries?

2024-09-12 09:58:25Biznes SHKRUAR NGA REDAKSIA VOX

The average salary, half of the employees are paid less than 50 thousand ALL per

The increase of the average salary in a form comparable to other European countries, in the public sector, seemed to bring a balance to their level. Although we remain far from other EU countries, another indicator of the real level of wages is that almost half of the employees with an official salary are paid less than 50,000 ALL per month.  

According to INSTAT data, about 45% of employees, according to the official tax declaration, are paid less than 50 thousand gross lek per month.

In the total number of salaried employees in the second quarter, 25% were paid up to the minimum wage.

In the limit of 40,001-50,000 ALL, 20% of employees are paid. Furthermore, 9.4% of the employees are paid in the 50,001-60,000 ALL salary category, and 26.8% of the employees in the 60,001-95,000 ALL category, which belong mostly to employees in the administration.

But since the majority of employees at this salary level are teachers and nurses and had salaries below the average level until June 2024, the share of employees with salaries that are paid below the average salary level is over 70% of employees.

INSTAT data refer that in the second quarter of 2023, at least five sectors in the country had wages lower than the average.

Workers in the arts, entertainment, industry, trade, transport, hotels, restaurants, construction, agriculture and fishing are paid at the average wage level.

On the other hand, salaries in financial activity, information and communication, public administration and real estate activities had salaries above the average salary level in the second quarter of 2024.

The official INSTAT data show that the average gross monthly salary (the official salary declared in taxes) reached 75,114 ALL in the second quarter or 5% more than in the same period last year. Compared to the first quarter of 2024, the increase was only 2%, the same as inflation.

How are we compared to other countries? What is considered a good salary in European capitals?

Our country remains far from having a good salary compared to other European countries. This is influenced by many other factors such as where you live, your experience, education, industry, needs and lifestyle. But this remains to be discussed at a time when prices in our country are comparable to those of EU countries and sometimes more expensive.

According to Talentup, a gross annual salary between 64,000 and 70,000 euros is considered a good salary in Germany. This translates to around €40,000 to €43,000 net per year or between €3,300 and €3,600 net per month for a single person.

Salaries tend to be higher on average in Berlin compared to other German cities when looking at different occupations. While Berlin's cost of living has risen in recent years, it remains more affordable than other major European capitals such as London and Paris. Berlin offers salaries for mid-career professionals between €40,000 and €60,000 gross per year. HousingAnywhere reported that the average monthly net income in the UK was £2,297 (€2,725). In 2023, with a cost of living of £1,950 (€2,314), an average net monthly salary of between £2,500 (€2,962) and £3,300 (€3,915) was considered a good salary in the UK.

Given that the average gross weekly income in London was 23% higher than the UK average according to the ONS, a good salary in the capital should be at least between €3,643 and €4,815. However, this should be between €3,922 and €5,183 in Inner London, which consists of the City of London and thirteen boroughs. As salaries vary significantly depending on the sector, a good, representative gross white-collar salary for a mid-career professional in London typically falls between £50,000 (€59,455) and £70,000 (€83,235) per year.

As of 2024, the average net monthly salary in France is 2,587 euros, while the median salary is 1,940 euros, according to HousingAnywhere. Typically, a good salary for a comfortable life in France is around 3,200 euros per month for a single person or 5,600 euros per month for a family of three. However, due to the higher cost of living in Paris, you will need approximately €3,400 per month to maintain a comfortable lifestyle in the capital.

According to HousingAnywhere, the average net salary in Spain in 2024 is €1,785 per month, or €2,250 gross. For a comfortable life, a good monthly net salary in Spain is estimated to be around 2,700 euros for a single person or 4,000 euros for someone supporting a family. Given that the average salary in Madrid is 18% higher than the national average, a good net monthly salary in the capital for a single person should be at least 3,185 euros.

A mid-career professional in Madrid can reasonably expect to earn between €35,000 and €55,000 gross per year. While lower than London or Paris, this range matches the city's more moderate cost of living. In Ireland, a gross salary ranging between €4,100 and €6,000 per month is considered good for a comfortable life. The average gross salary for full-time workers in the country is 3,220 euros per month.

According to ManpowerGroup, a good salary for a mid-career white-collar worker typically ranges from €35,000 to €50,000 gross per year. Salaries in Rome are generally lower compared to Northern European cities, but this is partially offset by a lower cost of living.

A good gross salary in Rome usually ranges between €3,750 and €5,690, according to Salary Explorer. Salary Explorer provides estimates of a good monthly gross salary for other capital cities as follows:

The 2023 survey of the European Commission's Directorate-General for Regional and Urban Policies on the quality of life in European cities reveals significant changes in the financial satisfaction of households across the EU. The percentage of people satisfied with their family's financial situation varies from 39% in Athens to 87% in Luxembourg. Satisfaction is generally higher in cities located in northern and western EU countries. It seems that we will remain for many decades away from this European approach, as the economy is mainly focused on the service sector, leaving it poor and unable to bring significant income that could affect another level. livelihood.


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