Vol. III · No. 47 · Q1 2026 EditionUpdated Weekly · ECB FX

WorthOf

A global ledger of salary, tax & the price of living

City Report·Updated 31 May 2026·Reading time 8 min

AT · EUR

Graz, in figures— what 50,000 is really worth

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Median Gross Salary
€18,000
3.4% YoY
Cost of Living Index
57.4
NYC = 100
2.1% YoY
Rent · 1BR Centre
€1,080
monthly
5.8% YoY
Effective Tax · €50k
34.7%
0.4% YoY
§ 01
Net Salary

What the state takes — and what is left

Gross Annual Salary
Social Security−€9,060
Income Tax−€8,280
Net Annual€32,660
Net / month (12×)€2,722
Effective Rate34.7%
Open in full calculator →
Full Schedule of Brackets · Single Filer · 2025
#FromToRateTax in band
01€0€12,8160%
02€12,816€20,81820%€1,600
03€20,818€34,51330%€4,109
04€34,513€66,61240%€2,571
05€66,612€99,26648%
06€99,266€1,000,00050%
07€1,000,00055.0%
§ 02
Cost of Living

A monthly ledger, line by line

Monthly Spend ·
Rent · 1BR Centre
€1,080
Groceries
€295
Eating Out (15 meals)
€180
Utilities
€148
Internet
€36
Transport Pass
€72
Gym
€34
Total Indicative Monthly€1,845
RentFoodFixed costs
Versus the Reference Set
CityCOLRent 1BR
Tokyo72.4¥1,780
GrazYou57.4€1,080
Istanbul42.4₺880
São Paulo38.8R$720
Bangkok35.8฿680
Mumbai32.8₹680
Jakarta32.4Rp580
Bangalore30.4₹540
Delhi28.8₹480
§ 03
Purchasing Power

What the salary actually buys

PPP Index · 50k gross
4742

Relative to a NYC baseline of 100. Higher means your net stretches further here.

Monthly net
€2,722
After centre rent
€1,642
Months of rent / month net
2
COL index
57.4
§ 04
Methodology

How we count, and from whom

Taxation

From statute, not estimate

Brackets reflect the published 2025 single-filer schedule. Social security is applied as a flat charge against gross before progressive bands.

Source · OECD Taxing Wages 2025· CC-BY-4.0
Cost of Living

Aggregated, then audited

Crowdsourced consumer prices are blended with Eurostat HICP indices, then sanity-checked against rental listings and municipal data.

Source · Numbeo Cost of Living· CC-BY-4.0 (aggregated)
Exchange Rates

ECB reference, daily

Cross-currency comparisons use the European Central Bank's daily reference rate against the euro, fixed at 14:15 CET.

§ 05
FAQ

Frequently asked, quietly answered

How much is €50,000 after tax in Graz?+

On a €50,000 gross salary in Austria, the effective rate is 34.7%, leaving approximately €32,660 net per year — about €2,722 per month across 12 payments.

What is the average rent for a 1-bedroom in Graz?+

In the city centre, expect roughly €1,080 per month for a one-bedroom flat; outside the centre this falls to about €780.

Is Graz expensive compared to other European cities?+

Graz sits at a cost-of-living index of 57.4 (NYC = 100), placing it below the European median.

How are tax brackets applied in Austria?+

Austria uses progressive income tax with 7 bands. Social security (18.1% of gross) is deducted first; the remainder is taxed band-by-band, not as a single rate on the whole salary.

Does Austria pay 14 monthly salaries?+

No. Salaries in Austria are paid across 12 monthly instalments.

How often is this report updated?+

Figures are refreshed quarterly, with FX rates updated weekly against the ECB reference rate. Tax schedules update each January for the new fiscal year.

Where does WorthOf source its data?+

We blend European Central Bank — Reference Rates, European Central Bank (via Frankfurter), Eurostat HICP and other public datasets. Every figure is dated and traceable in §04 above.

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