August 1, 2019 12:00 PM PT

Average Income by Country

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The United States is fourth on the list of average income around the world, topped by Luxembourg, Switzerland, and Iceland. Keep reading to see how the U.S. compares to other countries in average income.

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Average Income Around the World

Which are the top ten highest earning countries?

CountryAnnual Salary
Luxembourg$63,062
Switzerland$62,283
Iceland$61,787
United States$60,558
Netherlands$52,877
Denmark$51,466
Norway$51,212
Austria$50,349
Belgium$49,675
Australia$49,126

Which are the ten lowest earning countries?

CountryAnnual Salary
Mexico$15,314
Hungary$22,576
Latvia$23,683
Lithuania$24,287
Slovak Republic$24,328
Estonia$24,336
Portugal$25,367
Czech Republic$25,372
Chile$25,879
Greece$26,064

What is the average salary in the UK?
The average salary in the United Kingdom is $43,732 USD per year. This is 32%, or $16,800, less than the average salary in the United States.

The minimum wage in the UK is $10.35 USD, which is $3.10 more than the federal minimum wage in the United States.

What is the average income in Canada?
The average annual income in Canada is $47,622, which is $13,000 less than the average income in the United States.

Depending on the province, the minimum wage varies from $11.10–$15.00 per hour, whereas in the United States, it varies from $7.25–$13.25.

What is classified as the top average income in Canada?
The top 5% income class in Canada makes $179,800 per year. To make the top 1%, Canadians need to make $381,300 per year.

What is the average salary in Japan?
The average annual salary in Japan is $40,863, which is 38% less than the average American salary.

What is the average annual salary in France?
Their average annual salary is $43,755, which is about $17,000 less than the average salary in the United States.

What is the average annual salary in Italy?
Italians make an average annual salary of $36,658, which is nearly 50% less than the U.S. salary.

Average Salary for Teachers

In which countries do new elementary school teachers have the highest income?
The top five countries that pay their new teachers the highest starting salaries include:

CountryAnnual Salary
Luxembourg$70,192
Germany $56,534
Switzerland$56,350
Denmark$44,918
Australia$41,798

In which countries do new elementary school teachers have the lowest income?
The five countries that pay their teachers the lowest starting salary include:

CountryAnnual Salary
Brazil$13,971
Hungary$14,226
Latvia $14,251
Slovak Republic$14,267
Poland$15,599

Which countries pay teachers with 15+ years of experience the highest income?

CountryAnnual Salary
Luxembourg$102,504
Germany$70,693
Canada$65,473
United States$61,028
Australia$59,568

Which countries pay their teachers with 15+ years of experience the lowest income?

CountryAnnual Salary
Lithuania$19,695
Slovak Republic $20,057
Hungary$20,629
Czech Republic$21,006
Poland $25,552

In which countries do new secondary teachers have the highest income?

CountryAnnual Salary
Luxembourg$79,551
Switzerland$71,248
Germany$63,865
Mexico$49,286
Norway$47,210

In which countries do new upper secondary teachers have the lowest income?

CountryAnnual Salary
Brazil$13,971
Latvia$14,251
Slovak Republic$14,267
Poland$15,599
Hungary$15,751

Which countries pay their secondary teachers with 15+ years of experience the highest income?

CountryAnnual Salary
Luxembourg$109,733
Germany$81,260
Netherlands$72,777
Canada$65,473
United States$63,006

In which countries do upper secondary teachers with 15+ years of experience have the lowest income?

CountryAnnual Salary
Lithuania$19,695
Slovak Republic$20,057
Czech Republic$21,043
Hungary$22,839
Poland$25,552

Minimum Wage Around the World

Which country has the highest minimum wage?
Australia has the highest minimum wage at 9.47 euros, which is equivalent to $10.54 USD. Other countries with a high minimum wage include:

CountryMinimum Wage
Luxembourg9.37 euros/$10.44 USD
France9.18 euros/$10.22 USD
Netherlands8.79 euros/$9.79 USD
Belgium8.71 euros/$9.70 USD

What is the lowest minimum wage in the world?
Russia has the lowest minimum wage in the world at 1.64 euros, which is equivalent to $1.83 USD. Other countries with a low minimum wage include:

CountryMinimum Wage
Moldova1.65 euros/$1.84 USD
Brazil1.67 euros/$1.86 USD
Albania2.06 euros/$2.29 USD
Ukraine3.03 euros/$3.37 USD
Serbia3.15 euros/$3.51 USD

What is the minimum wage in the United States?
The federal minimum wage in the United States is $7.25, but some states mandate a higher minimum wage. Today, 17 states offer the federal minimum wage, while the remaining states offer higher hourly rates.

What are the top five states in the U.S. with the highest minimum wage?
The top five states with a minimum wage higher than the federal requirement include:

StateMinimum Wage
Washington, D.C.$13.25
Maryland$12.00
Washington$12.00
New York$11.80
Colorado$11.10

The Largest Salaries in the World

Who is the highest paid CEO in the world?
Oracle's CEO, Mark Hurd, receives a $950,000 annual salary and makes an additional $108 million from bonuses and stock options.

Who is the highest paid athlete in the world?
Floyd Mayweather, a professional boxer, is the highest paid athlete in the world, earning $285 million in income before taxes.

Who is the highest paid celebrity in the world?
George Clooney, actor and businessman, is the highest paid celebrity in the world, with an annual pre-tax salary of $239 million.

Bottom Line

Average income varies quite considerably around the world. The United States falls within the top five countries with its average annual salary of $60,558.

The cost of living varies around the world as well, which can help put the lower average salaries into perspective.

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