How much money does a person working in Nassau make?
2,551 BSD per month
Average Monthly Salary
A person working in Nassau typically earns around 2,551 BSD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Distribution of Salaries in Nassau | All Jobs
Abount These Figures: Salary Range, Median and Percentiles
Salaries in Nassau range between 345 BSD per month (minimum salary) to 11,296 BSD per month (maximum salary).
The median salary is 2,628 BSD per month, which means that half (50%) of the population are earning less than 2,628 BSD while the other half are earning more than 2,628 BSD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 1,338 BSD while 75% of them are earning more than 1,338 BSD. Also from the diagram, 75% of the population are earning less than 7,380 BSD while 25% are earning more than 7,380 BSD.
What is the difference between the median and the average salary? What should you be looking at?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Salary Trend and Forecast in Nassau
How are Nassau salaries changing over time? Listed below is a chart that shows the average salary over the past few years.
|Average Salary 2016|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +3% |
Percentage increase and decrease are relative to the previous value
Salaries in Nassau are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Salaries for popular jobs
|Administrative Assistant||1,307 BSD|
|Biomedical Engineer||2,125 BSD|
|CAD Drafter||1,930 BSD|
|Chartered Accountant||2,318 BSD|
|Chief Executive Officer||5,812 BSD|
|Chief Financial Officer||5,606 BSD|
|Civil Engineer||2,390 BSD|
|Computer Technician||2,049 BSD|
|Creative Director||2,721 BSD|
|Developer / Programmer||2,224 BSD|
|Electrical Engineer||2,518 BSD|
|Elementary School Teacher||1,861 BSD|
|Executive Chef||2,324 BSD|
|Flight Attendant||2,129 BSD|
|General Manager||4,484 BSD|
|Graphic Designer||1,811 BSD|
|Hotel Manager||3,948 BSD|
|Human Resources Manager||3,452 BSD|
|Internal Auditor||2,679 BSD|
|Legal Assistant||1,803 BSD|
|Mechanical Engineer||2,448 BSD|
|Police Officer||2,075 BSD|
|Project Manager||2,824 BSD|
|Sales Manager||4,199 BSD|
|Sales Representative||1,605 BSD|
|Secondary School Teacher||2,192 BSD|
|Travel Agent||2,124 BSD|
|Waiter / Waitress||1,594 BSD|
Average Hourly Wage in Nassau | All Jobs
15 BSD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Nassau | All Jobs is 15 BSD. This means that the average person in Nassau earns approximatly 15 BSD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Nassau VS Bahamas
We compared salaries in Nassau and Bahamas and we found that Nassau salaries are 20% less than those of Bahamas.
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