2024 Incomes: Luvinate is the wealthiest municipality in Varese province

Context

TL;DR

• Luvinate tops Varese province with €37,654 avg income
• Province avg income: €28,109 gross, €20,862 net
• Total declared income: €17.72 billion in 2024

Key facts

• Cosa: Redditi medi per comune nella provincia di Varese
• Quando: Dati relativi all'anno fiscale 2024
• Dove: Provincia di Varese, Italia
• Chi: Contribuenti residenti nella provincia di Varese
• Importo: 17.72 miliardi di euro dichiarati in totale
• Crescita redditi: Aumento del 4.8% rispetto all'anno precedente
• Reddito netto: 20.862 euro, aumento dello 0.7%
• Lavoratori transfrontalieri: Circa 30.000 nella provincia di Varese

In brief

• Luvinate surpasses Galliate Lombardo with an average income of 37,654 euros
• Average provincial income: 28,109 euros gross
• Net available income: 20,862 euros

Key facts

• What: Average incomes by municipality in the province of Varese
• When: Data relating to the 2024 tax year
• Where: Province of Varese, Italy
• Who: Taxpayers residing in the province of Varese
• Amount: 17.72 billion euros declared in total

Luvinate is the municipality with the highest gross average income in the province of Varese, with 37,654 euros, surpassing Galliate Lombardo by just 69 euros, which stands at 37,585 euros. This is the result of the analysis of last year's tax declarations relating to the 2024 tax year, the latest available. The data show a 4.8% growth in total income compared to the previous year, with an average provincial income of 28,109 euros gross. However, the net available income has remained almost unchanged, with a 0.7% increase compared to the previous year, standing at 20,862 euros.

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Operational details

Implications for cross-border workers

The data presented does not include the income of cross-border workers, who represent a significant part of the workforce in the province of Varese. This excludes an important part of the local economic landscape, especially in border areas. Cross-border workers, who live in the province of Varese but work mainly in Switzerland, follow a different tax regime and do not declare their income in the usual way for Italian taxpayers. This different tax regime can significantly influence local economic data, especially in terms of average income and income distribution.

Comparison with previous data

Last year, the gap between Luvinate and Galliate Lombardo was over 600 euros, while this year it's a photo finish. This change could indicate greater homogeneity in income distribution among the municipalities of the province of Varese. However, it is important to note that the data does not include the income of cross-border workers, which could have a significant impact on the overall income distribution.

Analysis of income brackets

The analysis of income by brackets and type highlights the main economic dynamics of the territory. The data shows a 4.8% growth in overall income, with a 9.7% increase in taxable income. However, net available income has remained almost unchanged, with a 0.7% increase. This could indicate an increase in taxes or tax deductions, which offset the growth in gross income.

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Key points

What to do with this data

If you are a resident of the province of Varese, this data can help you better understand your tax situation and make informed decisions. You can use this data to compare your income with the provincial average and identify any areas for improvement. Additionally, you can use this data to plan your personal finances and make informed decisions about investments and savings.

Useful tools

To deepen your understanding of tax data and to plan your personal finances, you can use the salary calculator available on our website. This tool will allow you to calculate your net income and compare it with the provincial average. Additionally, you can use the salary comparator to compare your income with that of other municipalities in the province of Varese.

Conclusion

The income data for the province of Varese provides an interesting overview of the economic situation of the territory. However, it is important to remember that this data does not include the income of cross-border workers, who represent a significant part of the working population. Use this data to plan your personal finances and make informed decisions about your tax situation. For further information and useful tools, visit our website and use our calculation and comparison tools.

Source: varesenews.it