Is 70 000 euros a good salary in Germany?

How much do you need to earn to be considered “wealthy” in Germany? It’s actually less than you might think. According to a new income analysis by the German Economic Institute (IW), a single person who earns a salary of more than 3.700 euros net per month is part of the highest-earning 10 percent in the country.

An average gross salary in Germany in 2017 was 3,770 euros a month for full time employees (self-employed, part-time jobbers and people with very low income below the taxable level were not included in these statistics). That is around 45,000 euros a year gross (before income tax and social contributions) .

What is a good average salary in Germany in 2022? A good annual average salary in Germany is between €64 000 to €81 000 . This gross salary (salary before taxes or social contributions) depends on your profession, industry, and education.

€70,000 per year HOUSING: You will be able to afford a decent 1-bedroom apartment in the most popular and sought-after areas of the major cities, or a 2-bedroom or larger apartment if you’re willing to compromise on location.