Living Wage Family in Austria decreased to 1560 EUR/Month in 2018 from 1680 EUR/Month in 2017.

Living Wage Family in Austria averaged 1570 EUR/Month from 2015 until 2018, reaching an all time high of 1680 EUR/Month in 2017 and a record low of 1520 EUR/Month in 2016. Austria Living Wage Family - values, historical data and charts - was last updated on August of 2020.

Living Wage Family in Austria is expected to reach 1800.00 EUR/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Living Wage Family is projected to trend around 1867.00 EUR/Month in 2021, according to our econometric models.

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Austria Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
1560.00 1680.00 1680.00 1520.00 2015 - 2018 EUR/Month yearly

Austria Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.20 10.10 12.80 0.80 percent [+]
Employed Persons 3716.70 3641.80 3880.50 2302.70 Thousand [+]
Unemployed Persons 383951.00 414766.00 522253.00 22344.00 [+]
Long Term Unemployment Rate 1.10 1.10 2.10 0.90 percent [+]
Youth Unemployment Rate 10.60 11.70 13.40 5.00 percent [+]
Labour Costs 122.90 117.60 122.90 83.80 points [+]
Job Vacancies 65004.00 63194.00 84473.00 11240.00 [+]
Wages 2768.42 2688.92 2768.42 1866.40 EUR/Month [+]
Wages in Manufacturing 110.60 110.60 138.30 75.89 points [+]
Population 8.86 8.82 8.86 7.03 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Labor Force Participation Rate 60.30 61.40 62.10 57.30 percent [+]
Productivity 100.10 102.20 102.50 75.50 points [+]
Part Time Employment 1161.30 1174.30 1184.60 553.50 Thousand [+]
Employment Change -0.20 0.40 0.80 -0.50 percent [+]
Employment Rate 72.30 73.80 74.20 65.30 percent [+]
Full Time Employment 3053.30 3130.60 3154.10 2796.40 Thousand [+]


Austria Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.