Expat Finance Guide: Banking & Costs in Graz

The cost of living in Graz scores 4.0/5, with a personal security rating of 4.0/5. Explore banking, taxes, and financial planning for expat families below.

Austria operates a progressive tax system that is generally considered moderate within the European context, with rates that may be more favorable than neighboring Germany but typically higher than Eastern European countries. The system combines federal and municipal taxes, with Graz applying local municipal taxes that are competitive within Austria. Austria follows a worldwide income approach for tax residents, with the tax year running from January to December and annual returns typically due by April 30th of the following year. The Austrian system may be reasonably favorable to expatriates, particularly those in middle-income brackets, though it lacks the specialized expatriate regimes found in some other European countries.