Aspects such as costs of living and deducted taxes vary depending on the country. Meaning, the easiest way to imagine what your salary might be in these different countries is to think about it from the perspective of your “take-home pay” -- the net amount of income received after the deduction of taxes, benefits, and voluntary contributions from a paycheck. In short, while gross salaries may be high in a certain country, the take-home pay may be significantly lower. And conversely, countries with lower salaries may have proportionally higher take-home pay. While take-home pay will obviously be influenced by individual circumstances, let’s take a look at a few salary breakdowns from various countries.
Germany
Gross Monthly Salary: 3,200€ (The average monthly salary for a Japanese chef in Europe is about 2,000€)
- Portion from Salary: 3,000€
- Portion from Tips: €200 (estimate)
Expenses: 2,050€
- Taxes: 1,200€
- Rent: 600€ (one-room apartment)
- Staff meals provided; Cooking at home/eating out 4-5 days each month: 150€
- Heat and Water: 100€
Take-Home Pay = ~1,150€ (About 1,320USD; 8/23/2018 Exchange Rate)
Singapore
Gross Monthly Salary: 6,500SGD
- Base Amount: 6,500SGD
Expenses: 1,750SGD
- Taxes: 650SGD
- Rent: 1,000SGD (one-room apartment)
- Staff meals provided; Cooking at home/eating out 4-5 days each month: 100SGD
- Heat and Water: 0SGD (many properties appear to include heat and water with the base rent)
Take-Home Pay: = ~4,750SGD (About 3,460USD; 8/23/2018 Exchange Rate)
China
Gross Monthly Salary: 20,000RMB
- Base Amount: 20,000RMB ※Salary varies based on experience -- these calculations are based on individuals with less experience.
Expenses: 7,700RMB
- Taxes: 5,000RMB
- Rent: 2,000RMB (one-room apartment)
- Staff meals provided; Cooking at home/eating out 4-5 days each month: 500RMB
- Heat and Water: 200RMB
Take-Home Pay = ~12,300RMB (About 1,780USD; 8/23/2018 Exchange Rate)
Hong Kong
Gross Monthly Salary: $25,000HKD
- Base Amount: $25,000HKD ※Salary varies based on experience -- these calculations are based on individuals with less experience.
Expenses: $4, 100HKD
- Taxes: 8~10%=$2,500HKD
- MPF (Mandatory pension system in Hong Kong): 5%=$1,250HKD (Full amount will be received from the company, and it will also accumulate as investment funds. You will also receive the full amount if you return to your home country, and therefore we have not included it in the overall “expenses” calculation.
- Rent: Covered by employer, about $10,000HKD
- Staff meals provided; Local meals are about $60HKD; Eating out five days a month for three meals a day ~$900HKD
- Heat and Water: $700HKD
Take-Home Pay = ~20,900HKD (About 2,660USD; 8/23/2018 Exchange Rate)
New York
Gross Monthly Salary: ~3,600USD
- Base Amount: 3,600SD
Expenses: 2,244USD
- Taxes: 18=648USD, with company support = ~360USD/month
- Rent: 1,400USD
- Staff meals provided; 8 days off per month; cost of eating out ~16USD per meal, three meals per day off ~380USD
- Heat and Water: 300USD (varies depending on season)
Take-Home Pay: 1,456USD
Rome
Gross Monthly Salary: 1,800€ (Tax excluded)
- Base Amount: 1,800€ (Tax excluded) ※Salary varies based on experience -- these calculations are based on individuals with less experience.
Expenses: 280€
- Taxes: 27%
- Rest: Housing provided; About 450€
- Staff meals provided; 4-5 days off per month; one meal eating out~12€, three meals per day off~180€
- Heat and Water: 100€
Take-Home Pay = 1,520€ (About 2,070USD; 8/23/2018 Exchange Rate)
London
Gross Monthly Salary: ~£3000
- Base Amount: £3000
Expenses: £1,294
- Taxes: 13% = £390
- Rent: £500
- Staff meals provided; 7-8 days off per month; one meal eating out = £11, three meals per day = ~264
- Heat and Water: £140
Take-Home Pay = ~£1,706 (About $2,180USD; 8/23/2018 Exchange Rate)