Emigrate to Australia: when can I save per month if I earn the minimum wage

Emigrate to Australia: when can I save per month if I earn the minimum wage

It is one of the destinations most chosen by young people for its combination of great salaries, its nature and its cultural diversity.

Australia It is one of the destinations most chosen by young people to emigrate for its rich nature and its wide repertoire of cultural activities. But the main attraction is its high salaries. This encourages many foreigners to come to the country to enjoy the higher standard of living it offers and to make an economic difference for a few seasons.

More and more people are looking for a better future abroad and Australia is a great option for this because it offers visa possibilities. Work and Holiday. These programs provide the opportunity to work in the country while enjoying tourism abroad. Many Argentines choose this option because it is easier to obtain, the salaries they offer and to add experience and improve their English.

Emigrate to Australia: what is the minimum wage

This nation offers one of the best salaries in the world, higher than several countries in Europe and which makes an economic difference if the worker can save it during their stay. The Australian Industrial Relations Tribunal, Fair Work Commission, indicated that The minimum hourly wage is set at 23.23 Australian dollars, about 14.30 euros.

The official body also indicated that Australians have a 38-hour work week on average, which would add a minimum weekly wage of 882.80 Australian dollars. This sum would become 543.90 euros.

Despite these standards, it was also known that Australian citizens usually earn between 25 and 30 Australian dollars per hour, depending on the sector and demand. In addition, the country’s population is facing an imminent increase in the minimum to 24.10 Australian dollars, planned for next July 1.

Emigrate to Australia: how much can I save if I earn the minimum wage

Embed – Western Australia – A place to work like no other

The site specialized in travel and employment abroad, YoMeAnimo analyzed the savings possibilities of a person who earns 30 Australian dollars per hour and works 40 hours a week. This amount would give a total of 4800 salary, which would be equivalent to 2956.80 euros.

A 15% tax was applied to this amount and the following living costs were subtracted:

  • 1100 Australian dollars as average accommodation.
  • 400 in supermarket expenses.
  • 200 in transportation.
  • 260 in extra expenses.

In total, the page estimated 1,960 Australian dollars as expenses. This result It would leave around 2,120 for the worker’s savings, approximately 1,305.92 euros per month.

Source: Ambito

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