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Italy is a famous destination, and for good reason. Its cuisine and fashion industry, art, architecture and history are highly regarded across the globe. However, Italy isn’t only popular with tourists. According to Statista, this year (2023), more than 100,000 people migrated to Italy looking for a better way of life. This could be one of the reasons why the search term “average salary in Italy” was so popular.
So whether you're looking to move to Italy or already employed on Italian soil, understanding the average salary in Italy can be beneficial as you can use this information to negotiate your salary or compensation package.
Knowing the average salary in Italy can also give you an idea of how much things cost and the standard of living. This can help you plan your finances and make informed decisions about where to live and work.
Additionally, understanding the average salary in Italy for different professions can help you decide what career path or educational choices to pursue. By comparing salaries in Italy to other countries, you can gain insights into income disparities and economic conditions if you plan to work or relocate internationally.
What is the average salary in Italy?
According to the OECD, the average salary in Italy is 35,561 EUR per year or 2,963 EUR per month. This figure is 23.17% less than the global OECD average. However, the average income is considered a good salary for a single individual living in Italy.
It's important to note that the above figures will vary based on several factors. In this article, we explore not only the average salary in Italy but also break it down further and analyse the average salaries based on profession, industry and location.
What is a good salary in Italy?
If we consider a single professional who lives in a one-bedroom apartment just outside the city centre of Florence, the total monthly expenses, including rent, would be around 1,829.0€, according to Numbeo. However, this amount is still within the average monthly salary of 2,963.48€, which means there is enough money left for savings and “fun” expenses.
Average salary in Italy by city
Below is a breakdown of the average salary in Italy by city. Please note that all salary information from this point in the article has been obtained from PayScale.
Cities with higher populations, like Florence and Milan, typically offer higher average salaries compared to less populated cities such as Ferrara and Taranto. This pattern aligns with the global trend where urban areas with higher populations tend to have higher average incomes.
Average salary in Italy by industry
The following data displays the most in-demand job sectors in Italy and their average salaries:
As you can see from the above data, marketing emerges as the most lucrative field, followed closely by the transport industry.
Average salary in Italy by profession
Now you know the most popular job industries, let's dive further into each one. We’ve identified the most popular jobs in each field and provided their average salaries
1. Transport
Italy's economy heavily relies on the transportation industry, contributing to about 8% of the country's GDP and providing employment to over 1 million individuals. This industry is quite advanced and offers various modes of transportation like roads, rails, sea, and air.
2. Marketing
The marketing industry in Italy is worth an estimated 8.4 billion euros, and it is expected to continue to grow in the coming years. The industry is highly competitive, with a number of large international and domestic agencies operating in the market.
3. Engineering (IT)
The IT industry in Italy is rapidly growing, with a high demand for skilled IT workers. The industry is worth around 100 billion euros and provides jobs for over 1 million people.
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4. Hospitality
Italy is undoubtedly one of the most sought-after tourist destinations in the world, with over 63 million international visitors in 2022. This makes the hospitality industry vital to the Italian economy.
Average salary in Italy by the highest-paid profession
Italy's highest-paid professions are typically in finance, technology, engineering, and medicine. Some of the highest-paid job roles in Italy include.
Average salary in Italy by age
According to Statista, the following data displays the average annual net household income, categorised by the age of the primary income earner.
Average salary in Italy by education level
The following data shows the average annual salary of employees who hold a university degree, according to Statista.
Average salaries in other European countries
From the information given, we can see that Germany has the highest average yearly pay. It's about 38.52% more than what Italy offers. However, Switzerland has a much bigger difference with an impressive 108.99% higher salary than Italy.
Factors to consider regarding the average salary in Italy
It’s important to remember that average salaries in Italy can vary significantly depending on different factors. For example, salaries tend to be higher in cities like Milan and Rome compared to smaller towns.
Here are some other factors to consider:
- Industry: The type of job someone has can greatly affect how much money they make. Some fields, like finance, technology, and manufacturing, usually have jobs that pay more than others.
- Skills: Specialised skills, which are often rarer skills that most people don't possess, are often rewarded with higher salaries. Some examples of specialised skills are data analysing, UX writing and Cybersecurity expertise.
- Experience: Generally, individuals with more years of experience are likely to earn higher salaries. For example, a store manager with 10+ years of experience may earn more than a first-year full-stack developer.
- Company size and reputation: Larger and more established companies often have greater financial resources, which can translate into higher employee salaries.
- Cost of living: Higher salaries are often found in areas with higher living costs to compensate for the increased expenses.
- Collective bargaining agreements: Italy has a strong tradition of collective bargaining agreements between employers and trade unions. These agreements can establish minimum wages and salary scales for specific industries or job roles, affecting the average salary in those sectors.
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