From when is one actually considered rich or poor in Austria?
According to the latest EU poverty report, about 336,000 people in Austria were in a "state of absolute poverty" last year. In total, 1,529,000 people (16.9 percent of the population) are considered at risk of poverty or social exclusion, as reported by finanz.at. People with low educational attainment are particularly affected: One in ten individuals with only compulsory education cannot afford basic daily expenses.
Definition of Risk of Poverty
A person is considered at risk of poverty if they have less than 60 percent of the median income available. This threshold is currently 1,661 euros for single-person households and 2,492 euros for multi-person households gross per month. The amount increases by 498 euros per child monthly. Compared to the previous year, the poverty risk threshold increased by about 20 percent.
Top Earners and Salary Levels
The median income for full-time employees is about 55,000 euros gross annually (2,676 euros net monthly). A person is considered a top earner with a gross annual income of 71,000 euros (5,071 euros monthly). To be among the "top earners" - the top one percent - one must earn a gross monthly income of 11,775 euros.
Gender-Specific Differences
Noteworthy is the significant salary difference between genders: While women earn an average of 50,750 euros gross per year, the income for men is 58,000 euros gross annually.
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