๐Ÿ‡ฎ๐Ÿ‡น

Italy

#25 globallyEurope

Average salary: $34,000/year ยท Currency: EUR โ‚ฌ

Mean Annual Salary

$34,000

gross USD

Median Annual Salary

$28,000

gross USD

GDP per Capita

$35,657

current USD

PPP Factor

ร—0.70

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$28,000
Income Tax$6,006
Social Security$2,310
Health Insurance$924

Take-Home (Net) Annual

$18,760

Effective Tax Rate

33.0%

* Based on median salary of $28,000. Estimated combined rate. Consult a tax professional for accurate calculations.

๐Ÿ‡ฎ๐Ÿ‡น Italy Economic Overview

Currency

EUR (โ‚ฌ)

Region

Europe

Population

60.0M

Gini Coefficient

0.356

Cost of Living Index

70 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Europe Mean$30,959
Italy Mean$34,000

Global Ranking

#25

out of 117 countries

by average salary

About Salaries in Italy

The average annual salary in Italy is approximately $34,000 (gross, in USD), with a median of $28,000. The country ranks #25 out of 117 countries by average salary.

At the median salary, workers in Italy take home approximately $18,760 after taxes โ€” an effective tax rate of 33.0%. The purchasing power parity factor of ร—0.7 means that in real terms, living costs are lower than in the United States.

Italy is located in the Europe region. Income inequality, measured by the Gini coefficient, is 0.356 (moderate inequality).