Let us clarify what is called the cost of living.
The cost of living is required to cover essential expenditures such as accommodation,
meals, taxes and healthcare in a given place and period. The cost of living is usually used to
approximate how expensive it is to live from one city to another. The cost of living is trying to
wages. If charges are higher in a particular town under consideration, wage levels must be
higher to enable people to live in that city.
Cost of living and lifestyle in the Netherlands
Living in a city can offer a higher quality of life relative to the salary earned, with fewer day-
to-day expenses such as rental housing costs, food, transportation and entertainment.
Conversely, a high salary in an expensive city may not be enough. For example, a high
wage seems insufficient in costly cities like New York and Tokyo. Then life goes down. In
such cases, there are significant lifestyle changes. Therefore, a string of pastimes,
vacations, trips, etc., should be spent only on essentials. There is an inverse connection
between the cost of living and lifestyle.
How much does rent accommodation cost in the Netherlands?
Considering the Netherlands, housing rents are very high and increasing yearly. Therefore, if
you are looking for a self-contained apartment, finding one in good condition for less than
€1,000 (including bills) is pretty challenging. Otherwise, such a house is rarely rented.
The cost of living in Amsterdam, the capital of the Netherlands, is more expensive than
average. For example, prices range from €400 to €1,200 for a room in a shared apartment. If
you like to rent an apartment in the capital of Holland,
you will pay approximately €1,000 to €5,000 per month. Depending on the extent and
location of the property. It is the average value in the capital city and can be higher than this
value per individual requirement.
And the critical thing to remember when renting a house or room is that there is a fixed
deposit. According to the average value in the Netherlands, you will have to pay a deposit of
two months’ rent for the consolidation of an apartment. So, for example, if you want to rent a
room, it will be one month plus the first month’s full payment.
But for a foreigner looking for a rental home in a rural area, the price gap can be narrow. The
house price is higher in the vicinity of the cities, while the price level is lower in the rural
areas. Holland is one of the nations with the loftiest average living in the European Union.
Therefore, there is no significant difference between rural and urban areas regarding
infrastructure and transport systems.
How much does food and beverage cost in the Netherlands?
Consider the year 2022, and it can be observed that the prices on supermarket shelves in
the Netherlands will increase. That’s because after the virus pandemic for the past two
years, the Dutch economy is approaching record inflation rates. State Department reports
indicate inflation is at a record high of 7.6% in January 2022.
In recent times, the prices of imported manufactured goods have gone up. As a result, the
prices of goods in the domestic market have also increased significantly. In addition, the
Netherlands has felt the impact of the global pandemic. Due to staff shortages, supply
disruptions, and high energy costs, domestic production costs have also risen. And an
additional factor affecting the price of goods is the Russian invasion of Ukraine. For
example, the Netherlands is facing a shortage of sunflower oil because two-thirds of Dutch
supplies come from Ukraine.
According to https://livingcost.org/ data, the cost of food and beverages for a citizen of the
Netherlands in 2022 is 428 euros. It costs 1118 euros for a family of four.
Public transport in the Netherlands?
The Netherlands is a developed European country with excellent public transport. There is a
comprehensive bus, train and metro transport system throughout the Netherlands, but
private taxi services are also standard if needed.
Train.
Trains can be introduced as a cheap means of transport in the Netherlands. For Dutch
trains, travel prices will base on distance, not the time you spend on your journey. Hence the
costs are fixed irrespective of the delays.
The easiest way to save money on train travel is to get a Dutch public transport card. For
example, catching an 80km direct train from Rotterdam to Amsterdam costs €16.90 each.
But you can travel with public transport cards for less than that. That means their trip can
complete for 9.84 euros. If you are in haste, there is an alternative in the Netherlands: take a
high-speed train and pay an additional €2.60 per way.
Metro, tram or bus
In the Netherlands, you can pay bus fares by time, i.e. for a bus or metro journey, you can
buy hourly tickets that currently cost €3.20. Day tickets are also available for purchase for all
three modes of public transport; the Holland Travel Ticket, valid for one day, can currently be
purchased for €44.
If you buy a public transport ticket for €7.50, you can refill the card and pay the fare
according to the distance you travel, and it becomes more economical as it depends on the
distance travelled.
Dutch health insurance in 2022
A healthcare provider is a must for you in the Netherlands. Private entrepreneurs primarily
run the healthcare system in the Netherlands.
At the beginning of 2022, a premium for the primary healthcare package will be
approximately 120 euros per month. Healthcare covers your primary and emergency
healthcare but does not include dental treatment per their terms. And if you need specialist
care for things like women’s, mental, or dental health, you can add these to the package.
Salary In Netherlands
The Netherlands is one of the best-paying countries in the world for workers. The country
should rank as the ninth-best-paying country in the world. That’s a big reason to be attracted
to the Netherlands. In the Netherlands, a minimum wage must be paid to an employee
according to labor law. So if you are going there as an employee, you should understand
the salary scales.
The Netherlands-approved hourly wage for people over 21 is €10.34. The rate is valid for
people who work eight shifts or more than 36 hours a week. Considering this, an average
worker in the Netherlands earns 2816 euros per month. A value of nearly 36500 euros
annually.
Engineer Salary In the Netherlands
In the Netherlands, a person working as an engineer earns around EUR 4,150 per month on
average. This average salary varies according to professional experience and educational
qualifications. Also, the average monthly wage, including housing, transportation, and other
benefits, may differ from this. Salaries vary significantly between different engineering
careers.
Hotel and Tourism Sector Salary in the Netherlands
The gross earnings range for people working in tourism, food and hotel businesses in the
Netherlands is, on average, EUR 1,865 (minimum salary) to EUR 3,784 (highest average,
higher actual maximum salary).
The wage included is the total monthly salary, including bonuses. Salaries can vary
significantly between different job positions.
Health Care person’s salary in the Netherlands
In the Netherlands, a person working in the health and medical sector earns around EUR
7,220 per month on average. Healthcare workers in the Netherlands earn more than 21000
euros per month depending on their skills and experience. An average monthly salary,
including housing, transportation and other benefits. Salaries vary significantly between
different health and medical professions.
See the following chart and understand the taxes paid according to income. Analogized to
the cost of living in the Netherlands, the revenue generated is roughly 1.8 times higher than
the cost, providing a better understanding of the country’s living conditions.
TAXABLE INCOME OF: TAX RATE
Less than €68,508 per year, 37.10%
Above €68,508 per year, 49.50%
Foreigners migrate to the Netherlands as skilled workers, and students also migrate to their
high studies.
According to Dutch law, they guarantee a minimum wage so basic needs can be satisfied
without difficulty.
