International cost of living and hardship / quality of living data for 780 global locations.
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Austria is in Central Europe, north of Italy and Slovenia. The climate is temperate continental. Winters are cloudy and cold with frequent rain and some snow in lowlands and snow in mountains. The summers are moderate with occasional showers.The official language is German. English is widely spoken. Business associates are pleased if foreigners can exchange basic pleasantries in German. The main religion is Christianity.The economy of Austria is one of the 12 richest countries in the world in terms of GDP, has a well-developed social market economy, and a high standard of living. Until the 1980s, many of Austria's largest industry firms were nationalised; in recent years, however, privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly-developed industry, international tourism is the most important part of the national economy.Austrians are generally class conscious and sensitive to being referred to as German in terms of culture and identity. Avoid discussing religion, money and politics unless you have a well developed relationship. Austrians are formal in business settings and tend to use titles and surnames rather than first names. Suits and ties are standard at business meetings. Women are represented at the highest levels of business and society.The security risk for expatriates in Austria is low. Risks include low levels of petty crime, and severe winter weather conditions, particularly in the more mountainous areas.The currency of Austria is the Euro (EUR). Banking is on a par with that of Western Europe and North America.The standard of healthcare in Austria is the same as the rest of Western Europe, however costs of treatment for expatriates from outside the EU can be high.The population of Austria is 8.8 Million (2019 est.), while the inflation rate (CPI) is 1.1% for Austria as at October 2019.Xpatulator Hypothetical Tax for Austria is based on the current personal income tax rates which are progressive up to 55%.Within Austria we also cover Vienna.