Updated 25 October 2026

Italy in Numbers 2026: Minimum Wage, Tax, Mortgage Rates, Pension Age and Energy Prices Compared

Quick answer: In Italy in 2026, there is no national minimum wage (pay floors are set by collective agreements); an average earner keeps 71% of their pay after income tax and social security; mortgage rates are about 3.58%; household electricity costs €0.314 per kWh; petrol is €2.02/L, up 21.8% since February. The table below puts 11 everyday money measures for Italy side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.

Most comparisons of Italy look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Italy, so you can see them together and see how Italy compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.

Italy at a Glance

MeasureItalyRank
Minimum wageNone by law (collective agreements)—
Tax on an average wage28.6% (keeps 71%)11th highest of 38
Pay rise forecast 20273.4% (inflation 4.1%)14th lowest of 29
Mortgage rate3.58% (new home loans, August 2026)15th lowest of 31
Electricity (household)€0.314/kWh (≈ $0.35)5th highest of 33
Petrol price€2.02/L (+21.8% since Feb)9th highest of 29
State pension age672nd highest of 39
Pension (share of pay)79% of net pay13th highest of 50
Bank deposit protection€100,000 per person, per bank—
Inheritance tax (children)top rate 4%—
Retirement visa incomeNo fixed figure (often about €31,000 a year)—

Rank compares Italy with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.

Minimum Wage in Italy (2026)

Italy has no statutory national minimum wage. Pay floors are set sector by sector in collective agreements between unions and employers, which cover most workers and are often higher than the legal minimums of neighbouring countries.

Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).

Income Tax and Take-Home Pay in Italy

A single worker on the average wage in Italy (about $61,000 at purchasing-power parity) pays 28.6% of gross pay in income tax and employee social security, so they keep 71%. That is 11th highest of 38 countries, against an OECD average of 25.1%.

Income tax and employee social security take 28.6% of pay at the average wage, 19.1% at two-thirds of it and 39.9% at 1.67 times it. Including employer contributions, the total tax wedge is 45.8% of labour costs.

Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (CSV).

Pay Rises in Italy: 2027 Forecast

Employers in Italy expect to raise salaries by 3.4% in 2027 (median of the major pay surveys), after % in 2026. With inflation at 4.1% (Sep), that is a real cut of about 0.7 points unless inflation falls.

Full table for every country, with sources: Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table. Download the data (CSV).

Mortgage Rates in Italy (2026)

The typical mortgage rate in Italy is 3.58% (new home loans, August 2026), 15th lowest of 31 countries; the euro area average is 3.6%.

Up 0.12 points since February 2026 (3.46%). Monthly payment per €100,000 over 25 years: €505.

Full table for every country, with sources: Mortgage Rates by Country 2026: Where Buying a Home Costs the Most. Download the data (CSV).

Electricity Prices in Italy

Households in Italy pay about €0.314 per kWh of electricity (about $0.35), 5th most expensive of 33 countries; the EU average is €0.283. Change: +5.9% vs late 2025.

Household gas: €0.114 per kWh. Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.

Full table for every country, with sources: Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills. Download the data (CSV).

Petrol Prices in Italy Since the Iran War

Petrol in Italy costs €2.02/L (week of 19 October 2026), up 21.8% from €1.66/L in the week before the Iran war began. It peaked at €2.16/L (28 Sep). At about $2.26 a litre it is 9th most expensive of 29 countries, and the rise is 10th smallest of 29 countries.

Full table for every country, with sources: Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries. Download the data (CSV).

Retirement Age in Italy

The state pension age in Italy is 67 for people reaching it in 2026; the earliest you can claim is Any age with ~43 years' contributions. Future change: 67 y 1 m in 2027; 67 y 3 m in 2028. Linked to life expectancy; the 2026 budget limited the next rise to three months, phased over 2027–28.

Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).

How Much the State Pension Pays in Italy

A full-career average earner in Italy can expect a mandatory pension worth about 79% of their previous net pay, 13th most generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 70%. High earner (twice the average): 82%.

Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).

How Much of Your Money Is Protected in Italy

Bank deposits in Italy are protected up to €100,000 per depositor, per bank (about $111,900), the limit set by EU law for every member state. Harmonised by EU law; local-currency equivalent outside the euro. Money in payment apps and e-money wallets is usually not covered.

Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).

Inheritance Tax in Italy

Italy has inheritance tax. Children can receive €1 million per child tax-free, and the top rate for children is 4%, 14th highest of 28 countries. 4% above €1 million for spouses and children; one of the lowest in Europe.

Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).

Retiring to Italy From Abroad

Foreign retirees usually move to Italy on the Elective residence visa, which requires No fixed figure (often about €31,000 a year). Prices are about 68% of US levels, so $2,000 buys roughly what $2,950 would in the US. Optional 7% flat tax on foreign pensions for retirees moving to small towns in the south.

Full table for every country, with sources: Best Countries to Retire Abroad on $2,000 a Month: Costs, Visas and Taxes Compared. Download the data (CSV).

Frequently Asked Questions

Does Italy have a minimum wage?

No. Italy has no national minimum wage set by law; minimum pay is agreed sector by sector in collective agreements.

How much tax do you pay in Italy?

On the average wage, income tax plus employee social security in Italy take 28.6% of gross pay, so a single worker keeps 71% (OECD average: 25.1%).

What is the average pay rise in Italy for 2027?

Pay surveys forecast an average salary increase of 3.4% in Italy for 2027, against inflation of 4.1%.

What are mortgage rates in Italy right now?

Mortgage rates in Italy are about 3.58% (new home loans, August 2026). Up 0.12 points since February 2026 (3.46%). Monthly payment per €100,000 over 25 years: €505.

How much does electricity cost in Italy?

Household electricity in Italy costs about €0.314 per kWh (about $0.35), 5th most expensive of 33 countries.

How much has petrol gone up in Italy?

Petrol in Italy has risen 21.8% since February 2026, from €1.66/L to €2.02/L.

What is the retirement age in Italy?

The state pension age in Italy is 67 in 2026, with the earliest claim at Any age with ~43 years' contributions. Legislated change: 67 y 1 m in 2027; 67 y 3 m in 2028.

How much is the state pension in Italy?

In Italy, mandatory pensions replace about 79% of an average earner's net pay after a full career, against an OECD average of 63.2%.

How much money is insured in a bank in Italy?

Deposits in Italy are insured up to €100,000 per person, per bank.

Is there inheritance tax in Italy?

Yes. Children can inherit €1 million per child tax-free in Italy; above that the top rate for children is 4%.

How much income do you need to retire in Italy?

The Elective residence visa asks for No fixed figure (often about €31,000 a year).

Compare Italy With Other Countries

See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, India, Ireland, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States.

Cite this page: Blog Digest, “Italy in Numbers 2026: Minimum Wage, Tax, Mortgage Rates, Pension Age and Energy Prices Compared”, updated 25 October 2026, https://randomthoughtsever.blogspot.com/2026/10/italy-in-numbers-2026-minimum-wage-tax.html

Related Guides

Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.