Munich: Shocking income differences between districts!

Munich: Shocking income differences between districts!

Munich shows itself to be a city of contrasts when you take a look at the income distribution. The latest data from the Statistics Office's quarterly report reveals an impressive gap between the districts. While an annual income of a whopping 331,524 euros can be achieved in the area around Königsplatz, the citizens of Ludwigsfeld, in the Feldmoching-Hasenbergl district, have to get by with an income of just 37,568 euros. This makes a theoretical difference of an incredible 293,000 euros per year, which highlights the socio-economic differences in our city, such as tz reported.

These differences are also reflected in the distribution of income. The wealthiest district in Munich, Altstadt-Lehel, boasts an average income of 89,516 euros, while districts such as Milbertshofen-Am Hart with 40,598 euros and Ramersdorf-Perlach with 46,032 euros are at the lower end of the spectrum. Over 884,538 tax returns filed show that around 87% of income comes from employees, while the rest is generated by self-employed and freelancers. Particularly striking: Dentists are the top earners among freelancers with an average of 178,585 euros, followed by lawyers with 143,663 euros.

Gender Pay Gap – A persistent inequality

Another point that should not go unmentioned is the gender pay gap in Munich, which at 37.3% takes on a frightening dimension. This means that on average women earn 37.3% less than their male counterparts. The difference is particularly drastic in Altstadt-Lehel, where men earn 46.6% more than women. A gap of 20% is also to be expected in Schwabing-Freimann, as also reported by the destatis is presented.

The gender pay gap itself is recorded in two versions: the unadjusted and the adjusted gender pay gap. The unadjusted gap looks at the average gross hourly earnings of women and men and thus shows the structural inequalities. The adjusted gap, on the other hand, attempts to make comparisons taking into account similar qualifications and professions, although not all relevant factors are reflected. This represents the upper limit for potential earnings discrimination. The WSI also points out the difficulties that many women have in working life: They are often employed part-time and therefore have less access to higher incomes and state support.

A look at income

It is also interesting that over 90,000 people in Munich have an annual income of between 0 and 5,000 euros. While the number of millionaires is estimated at 1,553, the high number of low-income earners in the city also remains a major issue. The income gap cuts across all classes and illustrates how different life in Munich can be, depending on where you live.

In summary, despite its reputation as a rich and vibrant city, Munich faces significant challenges in the area of ​​social justice. The income gap and the gender pay gap are indicators of the necessary further development of city policy so that all Munich residents can enjoy prosperity.