Living standards are high. Salaries are on a par with Germany and performance related bonuses are also growing in popularity. Although the cost of living is quite high also, it isn't so high that the benefits of the salary package are negated. Finding good quality accommodation isn't problematic with many agents in place to help the search - however, there are restrictions in place making it difficult for foreigners to buy property in Austria. The working week is a standard 38 hours although holiday entitlements are quite high, with skilled managers receiving 30 days a year.
Deductions made for social security are also quite high but the benefits good.
Hospital treatment is free or heavily reduced.