Average salary in Como and Lombardy: 2024 data (cross-border guide)

Context

In brief

• In 2024 the employee base rises to 3,776,242 units with a 1.55% growth
• The average annual salary is 30,384.07 euros with a 3.65% increase
• Almost half of workers do not exceed the threshold of 25,000 euros per year

Employment growth: plus 1.55% compared to 2023 Average annual salary: 30,384.07 euros Nominal salary increase: plus 3.65% Workers under 20,000 euros: 1,380,567 units, equal to 36.56% of the total Workers under 25,000 euros: 49.66% of the overall base

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Operational details

Difficulties for young people and gender differences

The structural criticalities of the Lombard labour market particularly affect the most vulnerable groups, starting with the new generations and the female component. According to the report prepared on the basis of the findings of the INPS Observatory, over 1.38 million workers remain confined below the threshold of 20 thousand euros per year, and among young people up to 34 years of age this proportion widely exceeds 50%, specifically reaching 50.31% of employees under 35. Salvatore Monteduro, UIL Lombardy Confederal Secretary, highlights that the main problem is not only how many workers appear in official statistics, but how much income, continuity and autonomy can really produce the work offered by the regional economic system. Analyzing in detail the condition of young employees, who represent 33.22% of the total regional audience with about 1.25 million individuals, a picture of strong precariousness emerges: 50.31% do not exceed 20,000 euros per year and 65.18% remain permanently below 25,000 euros per year. In a region characterized by a particularly high cost of living, this persistent economic gap drastically limits the concrete possibility for young people to achieve effective housing and family autonomy, delaying emancipation and personal stability.

Useful planning tools

To estimate your pension strategy, use the pension planner and the pillar 3 simulator.

Key points

Sectoral analysis and necessary interventions

The strong economic polarization of the Lombardy labor market is confirmed by the wage gap between the various productive sectors, a disparity exceeding 54,000 euros per year among the economic activities considered. It ranges from an average of 67,750.86 euros recorded in the Finance and Insurance sector to a mere 13,215.45 euros found in the Accommodation and Food Service sector. In this very tourism and catering sector, economic precariousness assumes particularly significant dimensions, given that 76.20% of employees fail to reach the minimum threshold of 20,000 gross euros per year. Dario Esposito, Coordinator of UIL Lario, highlights how these regional data find particularly concerning confirmation in the Como area as well, where wages, which are on average lower than the Lombardy average, constantly contend with a steadily rising cost of living. In the Como area, work is not lacking, but too often it fails to guarantee sufficient income, contractual stability, and concrete opportunities to plan one's future, feeding a dangerous spiral of precariousness that specifically penalizes young people, women, and workers employed in the most fragile economic sectors. To reverse this negative trend, trade unions reiterate the need to intervene decisively on employment quality, strengthening national collective bargaining agreements, taking targeted action against involuntary part-time work, and promoting active policies to increase wages and job stability at the territorial level. To delve deeper into one's wage situation and accurately analyze the data relating to one's professional and social security classification, it is possible to check simulations and economic parameters using the online calculator.

Source: comozero.it