Vienna is the capital of the Republic of Austria and also one of the nine states of Austria. Vienna is Austria's primary city, and is by far the largest city in Austria, as well as its cultural, economic, and political centre. Vienna, is home to key international organisations, including the Organisation for Security and Cooperation in Europe (OSCE), the International Atomic Energy Agency (IAEA) and Opec, the Organisation of Petroleum Exporting Countries. 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 Vienna is 2.6 Million (Metro) (2019 est.), while the inflation rate (CPI) is 1.2% for Austria as at September 2019. Xpatulator Hypothetical Tax for Austria is based on the current personal income tax rates which are progressive up to 55%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Vienna is as follows: Vienna as at 1 October 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$770 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$1380 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$144 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$26100 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1825 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$870 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$840 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2400 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$530 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$415 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$425 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$870 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$1170 Vienna is 34.5% more expensive than Houston TX for groceries, 13% more expensive for household costs than Kuala Lumpur, and 97.5% more expensive for transport costs than Dubai. The hardship premium for Vienna for an expat from Perth, is for example 0%, i.e. host location (Vienna) premium of 10% minus home (Perth) location premium of 10%. Vienna is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Vienna? Register subscribe to your home location and Vienna and run your personalised reports.