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Swiss Family Incomes Are The Highest In Europe, Bulgaria The Lowest

It really isn’t about how much you make (income) any more, it’s about how much you get to keep (incomes vs. taxes).

And taxes aren’t exactly beloved, even on the continent with the highest marginal tax rates.

So who’s really getting to keep the most of what they earn? We take a look in Europe specifically.

This visualization, via Visual Capitalist's Pallavi Rao, ranks gross and net earnings for dual-income European families with two dependents, and quantifies the impact of taxes and social contributions made in 2024.

The data for this visualization comes from Eurostat, accessed via Euronews. It is not adjusted for inflation or local costs. Net income includes tax returns and family allowances.

Ranked: Countries With the Highest Income in Europe

Swiss dual-income families earned the highest gross income in Europe—over €208,000 in 2024.

Remarkably, they took home 86% of it, one of the highest net retention rates in the continent. This results in a net income of €178,553, far surpassing most other European peers.

Country Family Gross

Income (€) Family Net

Income (€) Taxes & Social

Security (€) % of Pay

Taken Home 🇨🇭 Switzerland €208,755 €178,553 €30,202 86 🇮🇸 Iceland €158,208 €116,411 €41,797 74 🇱🇺 Luxembourg €148,591 €110,438 €38,153 74 🇩🇰 Denmark €136,506 €91,712 €44,794 67 🇳🇱 Netherlands €131,563 €101,465 €30,098

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