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Average Salary in Freeport 2019

How much money does a person working in Freeport make?

3,117 BSD per month
Average Monthly Salary
A person working in Freeport typically earns around 3,117 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 Freeport | All Jobs

25% of people earn
2,259 BSD
or less
50% of people earn
3,117 BSD
or less
75% of people earn
3,975 BSD
or less
Minimum
1,400 BSD
Median
3,117 BSD
Maximum
4,833 BSD

Abount These Figures: Salary Range, Median and Percentiles

Salaries in Freeport range between 1,400 BSD per month (minimum salary) to 4,833 BSD per month (maximum salary).

The median salary is 3,117 BSD per month, which means that half (50%) of the population are earning less than 3,117 BSD while the other half are earning more than 3,117 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 2,259 BSD while 75% of them are earning more than 2,259 BSD. Also from the diagram, 75% of the population are earning less than 3,975 BSD while 25% are earning more than 3,975 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

Salaries for specific job categories

Choose your job category from below to explore specific salary details

Salary Trend and Forecast in Freeport

How are Freeport salaries changing over time? Listed below is a chart that shows the average salary over the past few years.

2016201720182019
Average Salary 2016    =  
2,869 BSD
Average Salary 2017    +3%  
2,949 BSD
Average Salary 2018    +3%  
3,032 BSD
Average Salary 2019    +3%  
3,117 BSD
Percentage increase and decrease are relative to the previous value
Salaries in Freeport 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.


Average Hourly Wage in Freeport | All Jobs

16 BSD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Freeport | All Jobs is 16 BSD. This means that the average person in Freeport earns approximatly 16 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.

Salary Comparison in Freeport

3,117 BSD
5,920 BSD
Average Salary
Freeport
Average Salary
Bahamas
We compared salaries in Freeport and Bahamas and we found that Freeport salaries are 47% less than those of Bahamas.

Salary Comparison By City

CityAverage Salary
Freeport3,117 BSD
Nassau6,580 BSD
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