Just like most countries in the Eurozone, Greece does have a minimum wage policy. The minimum salary in Athens, Greece, is of €773.50 per month as of 2022. It is paid in 14 installments per year so the actual monthly figure is 663 euro per month plus the extra instalments.
How much is minimum wage in Athens Greece?
What is the Greece Minimum Wage? Greece’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid. €683.76 per month ($762) in 12 payments,€586 per month ($653) in 14 payments,or €4.23 per hour.
What’s the minimum wage in Greece per hour?
€4.28
Minimum wages by country
| Country | Monthly minimum wage | Hourly rate |
|---|---|---|
| Net (EUR) | (Local) | |
| Greece | 614 | €4.28 |
| Hungary | 369,(480)for skilled emp. | 996 forint |
| Ireland | 1,622 | €10.50 |
What is the average Greek wage?
Data on the average annual wages in Greece from 2000 to 2020 shows that over this period, the annual average rose, peaking at 21 thousand euros in 2009.
Average annual wages in Greece from 2000 to 2020 (in euros)*
| Characteristic | Average annual wages in euros |
|---|---|
| 2020 | 16,975 |
| 2019 | 16,767 |
| 2018 | 16,603 |
| 2017 | 16,508 |
Can you live in Greece with minimum wage?
The minimum wage in Greece is fixed at €758.33 per month, which is not that high. However, most citizens in Greece who only make minimum wage, tend to live with family or have inherited homes. That makes it easier to get by with such a modest income.
How much is rent in Athens Greece?
Cost of Living in Athens, Greece
| Food | Price [EDIT] |
|---|---|
| 1 bedroom flat (40 m2) rent per month | 410.00 USD |
| 1 bedroom flat (40 m2) utilities per month | 85.00 USD |
| 2 bedroom flat (80 m2) rent per month | 620.00 USD |
| 2 bedroom flat (80 m2) utilities per month | 162.00 USD |
Why does Greece have a low salary?
The minimum salary in Greece is currently lower than those in Spain and Slovenia. The Greek crisis reflected directly in the salaries in Athens. Greece had a minimum salary 800 euros a month just a few years ago, however, the economic conditions in the country forced the government to reduce its minimum salary.
How much is rent in Greece?
Sample Monthly Budget for Living in Greece:
| Expense | Euro | USD |
|---|---|---|
| Housing (rent for a one bedroom apartment in the center of Athens) | €579 | $650 |
| Utilities (Gas, Electric, Phone, Internet) | €107 | $120 |
| Groceries | €205 | $230 |
| Basic Cost of Living | €890 | $1,000 |
What is Greece’s minimum wage 2022?
2022. The new gross monthly minimum wage is EUR 713.00 for employees. The new gross minimum daily wage is EUR 31.85 for manual workers.
How much is cost of living in Greece?
All in all, you can expect to live comfortably on a budget of 2,000 Euro per month, which includes average monthly costs and rent for a one-bedroom apartment in the city center of Athens.
Is Greece a poor country?
GREECE is a relatively wealthy country, or so the numbers seem to show. Per-capita income is more than $30,000 — about three-quarters of the level of Germany. What the income figures fail to capture is the relative weakness of Greece’s economic institutions.
Is Greece cheap to live?
Cost of Living
Greece is super-affordable, especially when compared to North America and much of the rest of Europe. Prices for daily essentials (food, transport, etc.) are at least 20% cheaper than in the U.S., and costs to rent an apartment can be as much as 70% less.
Is Greece a tax haven?
Greece is on its first attempt to offer tax motives in order to attract foreign direct investments. More specifically, the first provision in force is included in article 5a L. 4172/2013, as implicated and analyzed in circular decision A.
What is the poverty level in Greece?
Greece poverty rate for 2018 was 2.90%, a 1.8% decline from 2017. Greece poverty rate for 2017 was 4.70%, a 0.9% decline from 2016.
Greece Poverty Rate 1995-2022.
| Greece Poverty Rate – Historical Data | ||
|---|---|---|
| Year | % Under US $5.50 Per Day | Change |
| 2019 | 3.40% | 0.50% |
| 2018 | 2.90% | -1.80% |
| 2017 | 4.70% | -0.90% |
What are the cons of living in Greece?
The cons of living in Greece
- Unequal distribution of facilities. If you’re looking for all the amenities you currently enjoy in life then you’ll need to live in or near a major city, which also means the cost of living will be higher.
- Few employment opportunities.
- Complicated taxes.
What is Athens like to live in?
Great quality of life
Along with the great food and low cost of living, the quality of life in Athens is very high. The city is safe compared to many major cities in Europe and much more peaceful. Aside from the city’s historical influence, the city boasts a large commercial area home to many big-name brands.
Is Athens cheap to live?
Summary about cost of living in Athens, Greece: Family of four estimated monthly costs are 2,569$ (2,527€) without rent. A single person estimated monthly costs are 762$ (749€) without rent. Athens is 44.19% less expensive than New York (without rent).
Is Athens a cheap city?
Athens is certainly not cheap, but it is not very expensive either. In comparison to other European capitals, we would say that Athens is somewhere in the middle. It all depends on what type of traveler you are and how much budget you wish to spend during your visit.
How much is a bottle of water in Athens?
BOTTLED WATER PRICE: 0.50€ The Greek government regulates the price some basic necessities for travelers. If you buy a small bottle of water in Greece you should pay no more than 50 cents (assuming you are not sitting at a table).
How hard is it to get a job in Greece?
Finding a Job in Greece
The job market is currently in a bad state, and finding a job remains very difficult. Even though the economy is getting better, expats were also among the numerous people who lost their jobs. There were also news reports of expats leaving the country because of the ongoing crisis.
What is the unemployment rate in Greece?
14.80%
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Greece unemployment rate for 2021 was 14.80%, a 1.51% decline from 2020. Greece unemployment rate for 2020 was 16.30%, a 1.01% decline from 2019.