These agreements must be honoured. Note that the currency used in Italy is Euros (€), which equals 1.11 US dollars ($) as of November 2019. The amount and quality of leisure time is important for people's overall well-being, and can bring additional physical and mental health benefits. Italy’s economy is one of the strongest and largest in the Eurozone. Chosen practices show a clear evidence base, are sustainable and are evaluated in accordance with the principles of Continuous Quality Improvement. and leisure (socialising with friends and family, hobbies, games, computer and television use, etc.) This 2017 OECD Economic Survey of Italy examines recent economic developments, policies and prospects. The average gross salary, including housing, transport, and other benefits is currently at around €4,334/month and €52,005 a year. The country has a population of about 60 million people. In third place is Switzerland with a median income of $34,608. Socially isolated individuals face difficulties integrating into society as a contributing member and fulfilling personal aspirations. During this time, they receive 80% of their salary. Italy’s average household income is currently at $26,588 a year, which is lower than the OECD average of $30,563 a year. Although girls outperformed boys in many OECD countries, in Italy boys scored 7 points higher than girls on average. Volunteers have also brought new ideas. Prices are generally higher in the northern region and big cities. This is to ensure your integration into the Italian job market is as smooth as possible. In Italy, the average household net adjusted disposable income per capita is USD 26 588 a year, lower than the OECD average of USD 33 604. It’s one of the most popular destinations for expatriation in Italy thanks to its unique blend of culture, history, life, and job opportunities among other things. Despite having no nation-wide minimum wage, over half of the working population in Italy is covered by a collective bargaining agreement. Eva lives and works in Germany - she is an excellent researcher and provides a fantastic value for our readers. The squared coefficient of variation is the variance of average income of each decile, divided by the square of the average income of the entire population. Some 67% of men are in paid work, compared with 49% of women. Italy United States; Price per Square Feet to Buy Apartment in City Centre: 317.84 € (374.69 $) 248.55 € (293.01 $) -21.80 %: Price per Square Feet to Buy Apartment Outside of Centre: 189.70 € (223.64 $) 164.60 € (194.04 $) -13.23 %: Salaries And Financing Italy United States; Average Monthly Net Salary … Despite the subjective nature of this question, answers have been found to be a good predictor of people's future health care use. But you can also get private health insurance to supplement the national plan and receive even quicker services. The level of atmospheric PM2.5 – tiny air pollutant particles small enough to enter and cause damage to the lungs – is 18.3 micrograms per cubic meter, higher than the OECD average of 13.9 micrograms per cubic meter. In this call it provides a standard platform through which to report content, outcomes and costs to ensure comparability. The care activities are managed by qualified childcare staff. The 2015 Jobs Act  and temporary exemptions in social security contributions have helped create new open-ended contract jobs while also transforming many temporary, atypical and apprenticeship jobs into permanent ones. The Italian Ministry of Economy and Finance provides a free care and entertainment service aimed at children of its employees from 4 to 12 years old. Italy published a report in 2013 on Equitable and Sustainable Well-being (BES). In 2015, PISA focused on examining students' reading ability, skills in maths and level in sciences, as research shows that these skills are more reliable predictors of economic and social well-being than the number of years spent in school. Italy ranks above the average in income and wealth, work-life balance, civic engagement, social connections and health status, but below average in housing, subjective well-being, environmental quality, jobs and earnings, personal security, and education and skills. Housing costs take up a large share of the household budget and represent the largest single expenditure for many individuals and families, by the time you add up elements such as rent, gas, electricity, water, furniture or repairs. Access to clean water is fundamental to human well-being. There are, however, huge disparities between the northern and southern regions of the country. Over five years the amount of landfilled waste was halved and the share of recycled urban waste rose from 27% to 48%. A basic meal in an inexpensive restaurant will set you back $17, while eating in a high-end restaurant will cost over $200. This initiative led to concrete improvements in public service delivery. Read more articles by Eva Gradovska. Evidence suggests that long work hours may impair personal health, jeopardise safety and increase stress. If you prefer to buy, you can find a $20,000 house in the south or a multi-million dollar villa in Tuscany. Some traditional work such as weaving and woodworking is also short on talent; plus, expats can easily find work as nannies or au pairs. Without further ado, let’s get started: We’ve already seen the national average salary, but salaries also differ drastically between professions. Average income around the world The worldwide highest income is earned in Monaco. Here’s a look at some examples: These wages are reviewed every few years. This is the map and list of European countries by monthly average wage (annual divided by … In that case, the average monthly net salary (after tax) is approximately €1,443/month. You are in the right place! The nation with the 5th highest median income is Australia at $31,340. In Italy, 71% of people say they are satisfied with water quality, lower than the OECD average of 81%. The average hourly rate is €25/hour. Expect to spend between $175 and $225 on monthly groceries. Being the eighth largest economy in the world, Italy offers several job opportunities for expats and locals alike.