5 Countries with the Highest Average Salaries in Europe

1. Switzerland

Average Salary: $86,777

Switzerland is renowned for paying the highest salaries with the median monthly pre-tax income for full-time jobs reaching a CHF6,788 ($7500) in 2022. This figure translated into an increase of CHF123 ($134) per month compared to 2020 and CHF350 ($387) compared to a decade earlier. Despite this stability, disparities persist, with geographical location and industry playing pivotal roles. For instance, Zurich boasts higher salaries, averaging CHF7,729 ($8540), compared to Ticino’s CHF5,590 ($6176). Moreover, industries with high value creation, such as banking and pharmaceuticals, largely outpace low-earning sectors like hospitality.

Gender also influences income differentials, albeit gradually narrowing. In 2022, women earned 9.5% less than men, down from previous years. However, this disparity is attributed to various factors like education, age, and sector.

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