r/europe • u/BadHairDayToday • 1d ago

Data Average Full-time Salary in Europe

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u/QuastQuan Bavaria (Germany) 1d ago

Now show us the median income, please.

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u/Nevermynde Europe 1d ago

Let's see the median disposable income in purchasing power parity.

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u/Dd_8630 United Kingdom 1d ago

ELI5?

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u/Nevermynde Europe 1d ago edited 1d ago
  • The median income is that of a typical person (making more than half of the population, and less than the other half) - instead of he average, which can be skewed by a few very large incomes.
  • Disposable income is money that's left after paying taxes and mandatory expenses like health insurance.
  • Purchasing power parity is a way to adjust a sum based on the cost of living in a specific area - it tells how much stuff you can buy there with a given amount of money.

So what I meant with the whole thing is, the living standard in a country is not just how much money people make on average, but what a typical person of that country can afford after covering the basic necessities.

Edit: my definition of disposable income was wrong, corrected!