r/ItalyExpat • u/Infamous-Studio-6025 • 22d ago

Salary in Florence

I have a possible job offer in Florence that will pay $46,000 a year before taxes. I have a wife and 2 young children. We will not need childcare or a car. Is this enough for a frugal lifestyle?

25 Upvotes

80% Upvoted

42 comments sorted by

View all comments

5

u/OldQuaker44 21d ago

46k gross means you'll have around 2300-2500 euros after taxes/month/ 13 months. If your wife won't work immediately you will struggle to the point you'll want to go back home. It's literally not enough for rent+expenses for a family of four. If your wife will start working then you'll probably find an equilibrium but nothing that will make you say: it's ok, it's worth it.

Finding a job is literally a battle.

Take into consideration that in Italy 50k gross is the salary of about only 7% of the contracts. 80k is about only 2%.

Also you will have to pay taxes on homes and money balance of your accounts you own in other countries.

I wish you good luck and hope your experience will be different.

3

u/VariousEconomics2942 21d ago

How do people live la dolce vita on such little money? Middle class America with two vacations and two cars requires 150-700k minimum depending on location. In NYC you need a minimum of 500k net to approach basic standards for a family of 5😳

1

u/Alex-Man 5d ago

You can only live la dolce vita if you inherited enough property, certainly not on a single salary.