How much salary do you need to buy a house in the Netherlands?
Buying the average Dutch house requires an income of 95.000 euros. The rising cost of housing in the Netherlands means that buyers now need to earn around 95.000 euros a year, without savings, to afford the average house price, according to new calculations by the housing market data group Calcasa.
For a detached house, two-income households must earn the most, namely €124,000 annually. The average income in the Netherlands in 2023 was €44,000. This means that most people will not be able to get a mortgage for a house of the average sale price. Owning a home seems out of reach for most Dutch people.
According to living wage calculations for various regions in the Netherlands for 2023, the estimated living wage for a single adult ranges from approximately €2,000 to €2,500 per month. For a single adult with one child, the living wage may range from around €3,000 to €3,500 per month.
The Netherlands does not place any restrictions on the purchase of property by foreigners, whether resident or non-resident. However, to get a mortgage you must live and be registered in the Netherlands. If you are from a country in the EU, EEA or Switzerland you do not need a visa to live or work in the Netherlands.
The cost of living in Amsterdam can vary depending on a number of factors, such as where you live, your lifestyle, and your spending habits. However, in general, 3000 Euros per month can be considered a good starting point for a couple to live in Amsterdam, especially if you're careful with your spending.
There are no restrictions placed on foreigners and non-Dutch residents buying property.
A Dutch mortgage has tangible financial advantages
If you buy a home and get a mortgage, you are entitled to a tax break derived by deducting your mortgage interest from your taxable income. In the Netherlands, mortgage interest rates are currently meagre, and in 2021 reached a historically low of 1.23%.
Of course this is really subjective, but I would say a good salary in The Netherlands starts from around € 60,000. This is € 5,000 per month. From this salary you can have a very comfortable life in The Netherlands.
For a single individual, EUR 70,000 gross salary is a very high one even in Amsterdam (note the spelling), placing the individual in top 5% of workers. On the other hand, if this is supposed to support 2 adults (and 2 kids), it is really EUR 35,000 per adult which is close to the average.
If you earn a combined income of € 100k Euro a year you are both earning 25% above the national average, which normally would provide you with a comfortable but not extravagant lifestyle, but here is the kicker.
Is it hard to buy a house in the Netherlands?
The Netherlands has a very healthy property market, but it can be very competitive for buyers. You need to be on the ball at every step, and this means having the insider info on what it takes to succeed. If you're looking to buy a house or apartment in The Netherlands, there's a lot you need to know. But that's OK!
No down payment
Mortgage lenders in the Netherlands don't require a down payment. You're allowed to finance up to 100% of the property's market value (exceptions may apply to non-EU citizens). The only costs you have to pay yourself are purchasing and financing costs of about 5% of the purchase price.
That said, if you are new to a job, without a permanent contract, self-employed, on a low income, or of a non-EU nationality, it may be harder to get a loan or financing on 100% of the purchase price. The requirements change depending on the bank, but generally, you need: A valid passport. A BSN (citizen service number ...
The highest ten percent of earners in the Netherlands earned on average 142.6 thousand euros per year, around 125.1 thousand euros higher than the lowest 50 percent.
The income of people in the Netherlands with a paid job in 2021 was just under 47 thousand euros a year on average. Work was the main source of income for 8.1 million people in that year. More than half of them (4.2 million) had an income of between 20 and 50 thousand euros.
A salary of €80.000 is extremely good. The country's average is somewhere around €24.000 per person. The 80k salary mentioned would usually be about what three people would earn together, working 40 hours a week, for most of the year. So yeah, an expat earning that amount alone would be very good indeed.
Immigration. As a third-country national who does not possess EU, EEA, or Swiss nationality, you will need a residence permit to stay in the Netherlands for more than 90 days. There are different types of visas, residence permits, and work permits depending on your employer and your specific case.
Checklist for Moving to The Netherlands
To move to the Netherlands, you must have the following: Valid work contract. You are required to find a job before moving to the Netherlands.
Moving to the Netherlands is hard for foreigners as they must undergo a specific process of obtaining residency or citizenship. However, American expats who wish to move to the Netherlands can obtain a residence permit with an extra opportunity known as the DAFT visa.
The Netherlands has a high cost of living, which includes everything from accommodation, groceries, and services. On average, the cost of living in the Netherlands is 10.7% higher than in the UK. Owning a car is particularly expensive, with high road tax and expensive repair costs.
What is the average salary in Netherlands?
The average salary in the Netherlands
According to data from the Centraal Bureau voor de Statistiek, men earned an average salary of €46,420 per year in 2021, whereas women earned an annual average of €29,780. This translates to a gender pay gap of 43.7 in the Netherlands.
Safety in the Netherlands
The Netherlands compares favourably to the UK and the US when it comes to crime statistics. Expats will feel secure, and even large football crowds are usually family-friendly and require little policing.
- Professor (€100,000) ...
- Dentist and orthodontist (€ 110,000). ...
- Lawyer (€130,000) ...
- Prime Minister / Minister (€170,000). ...
- Pilot and captain (€ 180,000) ...
- Private banker or real estate investor (€180,000) ...
- Operations or finance director (€ 190,000). ...
- CEO/General Manager (€210,000).
Monthly rent
According to Numbeo, average prices for renting in the Netherlands are currently between €810–1,020 a month for a one-bedroom apartment and between €1,250–1660 a month for a three-bedroom apartment.
Yes, it a decent salary to have in Netherlands for a family of 2. Your expenses will include: A 2 bhk apartment around €1600. €1100 on monthly grocery, internet, water, electricity and 2–3 lunches/dinners in good restaurants.
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