Euro Top Tech - #4 (Best Cities in Europe for Tech Workers Update)
Added city ranking to “Euro Tech Money” + happiness factor
Hello everyone,
Haven’t shared an update on EuroTechMoney.com in a while, so brace yourself for today’s edition 🔥👇
As y’all know, I’ve recently pushed some pretty major updates on EuroTopTech.com, which you can see from its homepage directly:
Basically: a platform, with, for now, 3 pillars:
Jobs: six-figure-ONLY tech roles in Europe (onsite, hybrid, country-remote AND fully-remote - which you can often do from outside of Europe too)
Learn: the guides I published on Beehiiv with proven methods from my coaching program, to help you land the aforementioned top jobs
Finance: what once was EuroTechMoney.com, now moved here; as well as the big tech savings calculator from CodeCapitals.com
Today I’ll focus on the updates from the Finance section
(Then, in the coming weeks, I’ll dive deeper into the other 2 sections - which have also gotten significant updates recently + will keep getting new ones in coming weeks)
I’ll also show how this section is actually expanding beyond $$!
Update nr.1 - City Ranking
Some user requested such a ranking, to complement the Country one:
So I just added it.
City Ranking (only cities with at least 10 entries):
Top 5 🏆👇
Zurich
Belgrade
London
Krakow
Warsaw
How’s the ranking created?
Take the ~900 data entries from the community
Aggregate data and rank cities ‘composite score’.
What’s the Composite Score?
A metric that takes into account:
Yearly savings 🏦
Lifestyle rating / Purchasing power 💸
Number of people supported with that income 🤰🧑🍼👶
On the “City Analysis” tab, you can see more data and sort cities by single metrics.
Such as any of the 3 metrics above, or others like CoL-adjusted TC.
If you don’t toggle the “show cities with 10+ subs only”, then you get:
Brussels 🇧🇪, Bucharest 🇷🇴 and Hamburg 🇩🇪 leading the top 3.
But the number of contributions for them is too little for them atm, to be taken seriously (that’s why in the City Ranking I don’t show options below 10 contributions, for cities, and below 15, for countries)
Commentary on the City Ranking results 📝 👇
—
Zurich 🇨🇭
The Yearly Savings (YS) averaging €67k is very remarkable, and the main reason for top spot.
It’s also significantly higher than the Swiss-country YS rate (€52k).
The lifestyle score is high for both ZH (1.89) and CH (1.92). [the range is 1-3]
The “trick” here is that most contributors don’t have/support many kids/partners:
1.4 avg for the country ranking: meaning your salary pays for yours and 40% of someone else’s life costs
1.3 for the city ranking
—
Belgrade 🇷🇸
Family-friendly + high purchasing power + moderate savings (about 20k/year) 🔥
—
Warsaw/Krakow 🇵🇱
Generally some of the most well-rounded places:
Good yearly savings: €36k for Warsaw, €27k for Krakow
Great lifestyle: 1.88 for Warsaw, 1.92 Krakow
Family friendly: 1.8 people supported in Warsaw, 2 in Krakow
Interesting to see how Warsaw seems to be better for high earners/savers and Krakow to have a better purchasing power and afford kids.
—
London 🇬🇧
Great savings: €48k / year
Great lifestyle: 1.92
Not so family friendly: 1.5 (still more than the 1.3 of Zurich though)
Much better than the UK average (€38k, 1.82, 1.5)
—
Amsterdam 🇳🇱 and Copenhagen 🇩🇰 have similar numbers to London
—
Most of the other European capitals seem to be one tier lower.
—
To my own surprise, Madrid 🇪🇸 is performing horribly:
Savings: €22k / year
Lifestyle: 1.67
People supported: 1.1
Definitely seems to be a place, only good (maybe) for high-paid remote workers.
Although, almost 100 high-paying onsite/country-remote jobs from Euro Top Tech in Madrid (7th in Europe).
Maybe it’s still early as big techs expansion there is recent.
Barcelona 🇪🇸 doing much better: €25k, 1.83, 1.5
Beyond $$:
Happiness & Public Services Satisfaction
Since (obviously) money is just part of the things that make a life good, I modified the data collection to include 4 new metrics:
Happiness
Satisfaction from tax-paid services
Fully-remote yes/no
Age
The current ranking (shared above) is obviously skewed towards countries and cities that are “good for money” - that’s in fact the point of that ranking.
I also want a ranking for “Top Countries/Cities” — period.
Maybe I could add it at the bottom of the Euro Top Tech homepage.
I think adding happiness and satisfaction from tax-paid services (infrastructure, expected pension, healthcare etc) can get us closer to that absolute rank.
Fully-remote and age can be interesting for statistics and discovering correlations.
For instance, I expect that fully-remote people are happier and can more easily save money and/or afford a family.
—
If you contributed in the past, and are able to find the row from your contribution in the Google Sheet, you can let me know me about it and tell me the 4 metrics above so I can add them manually 😃
If you want to stay fully anonymous, you can also just add a new entry anonymously from the form (although I would prefer you to DM-me so we avoid adding duplicates).
That’s a wrap! 🌯
Hope you like these recent updates, and me keeping the Finance page free to access and open to everyone!
Thank you all for contributing to this data set and making these statistics and insights possible!
I’m very much looking forward to see the data on these 4 new metrics 😃
I hope many of you will contribute to it! Either with new entries or telling me how to update your rows :)
Cheers
Nic
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