New IW Köln Tool Highlights Income Disparities in Germany
The interactive tool uses 2022 income data to help individuals compare their financial standing across demographics and regions.
- The Institute of the German Economy (IW Köln) has launched an income comparison tool based on 2022 data from the EU-SILC survey.
- The median net household income in Germany is 2,312 euros per month, with only 4% of the population earning more than 250% of this figure, classifying them as relatively wealthy.
- The tool defines the middle class as earning between 80% and 150% of the median income, with thresholds varying by household composition.
- Significant income disparities are highlighted across demographics, with men, homeowners, and residents of Bavaria and Baden-Württemberg earning more than others.
- Users can compare their income against specific demographic groups, with filters for factors like gender, education, region, and heating methods.