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Average Salary in Montenegro 2023

How much money does a person working in Montenegro make?

Average Monthly Salary
2,670 EUR
( 32,100 EUR yearly)


A person working in Montenegro typically earns around 2,670 EUR per month. Salaries range from 680 EUR (lowest average) to 11,900 EUR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Pay Scale and Salaries in Montenegro

Median and salary distribution Montenegro monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
5,380 EUR or more
10% of people earn
4,210 to 5,380 EUR
20% of people earn
1,640 EUR or less
65% of people earn
1,640 to 4,210 EUR
Minimum Salary
680 EUR
2,470 EUR
11,900 EUR

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Montenegro range from 680 EUR per month (starting salary) to 11,900 EUR per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 2,470 EUR per month, which means that half (50%) of the population are earning less than 2,470 EUR while the other half are earning more than 2,470 EUR. 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.

  • Percentiles and Salary Scale

    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 1,780 EUR while 75% of them are earning more than 1,780 EUR. Also from the diagram, 75% of the population are earning less than 3,740 EUR while 25% are earning more than 3,740 EUR.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 1,640 EUR to 4,210 EUR. Approximatly 20% fall under the 1,640 EUR cap. Ten percent of wages are from 4,210 EUR to 5,380 EUR. Only 5% of people grossed 5,380 EUR or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Montenegro costs anywhere from 13,400 Euro(s) to 40,100 Euro(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary and Compensation Comparison By Gender

Salary comparison by gender Montenegro monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Montenegro earn 9% more than their female counterparts on avergae across all sectors.

2,780 EUR
2,560 EUR
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Montenegro

How much are annual salary increments in Montenegro? How often do employees get salary raises?


Employees in Montenegro are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Montenegro
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Montenegro is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Montenegro for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates in Montenegro

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Montenegro
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61% of surveyed staff in Montenegro reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

Bonus Rates Comparison by Career Field

Business Development
Marketing / Advertising
Information Technology
Customer Service
Human Resources

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salary Trend and Forecast in Montenegro

How are Montenegro salaries changing over time? The chart below shows the average salary change in the past few years.

Average Salary 2019
2,310 EUR
Average Salary 2020+4%
2,400 EUR
Average Salary 2021+4%
2,490 EUR
Average Salary 2022+4%
2,580 EUR
Percentage increase and decrease are relative to the previous value

Salaries in Montenegro are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Montenegro
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Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant1,770 EUR
Accounting Assistant1,450 EUR
Accounting Manager3,980 EUR
Bookkeeper1,290 EUR
Chartered Accountant2,410 EUR
Corporate Treasurer3,690 EUR
Financial Analyst3,470 EUR
Financial Manager5,060 EUR
Internal Auditor2,400 EUR

Administration / Reception / Secretarial
Administrative Assistant1,430 EUR
Office Manager2,310 EUR
Receptionist960 EUR
Secretary1,160 EUR

Advertising / Grapic Design / Events
Art Director2,630 EUR
Creative Director2,660 EUR
Graphic Designer1,720 EUR
Photographer1,500 EUR

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer3,330 EUR
Air Traffic Controller2,980 EUR
Flight Attendant1,750 EUR
Pilot4,460 EUR

Architect3,310 EUR
CAD Drafter1,370 EUR

Mechanic1,050 EUR
Service Advisor1,900 EUR

Bank Branch Manager4,890 EUR
Teller990 EUR

Teacher1,960 EUR
Translator2,410 EUR

Business Planning
Business Analyst3,370 EUR
Business Development Manager4,230 EUR
Project Manager2,980 EUR

Care Giving and Child Care
Nanny1,060 EUR
Nursery Teacher1,040 EUR

Construction / Building / Installation
Civil Engineer2,470 EUR
Construction Project Manager4,250 EUR
Health and Safety Officer1,210 EUR

Customer Service and Call Center
Call Center Representative980 EUR
Customer Service Manager3,510 EUR
Customer Service Representative1,020 EUR

Electrical Engineer2,720 EUR
Engineer2,590 EUR
Mechanical Engineer2,500 EUR

Executive and Management
Chief Executive Officer6,280 EUR
Chief Financial Officer5,600 EUR
General Manager4,550 EUR

Food / Hospitality / Tourism / Catering
Chef1,680 EUR
Executive Chef1,920 EUR
Hotel Manager4,660 EUR
Travel Agent1,600 EUR
Waiter / Waitress840 EUR

Health and Medical
Dentist6,370 EUR
Dietitian5,420 EUR
Laboratory Technician1,990 EUR
Nurse2,100 EUR

Human Resources
Human Resources Manager3,980 EUR
Human Resources Officer1,550 EUR

Information Technology
Computer Technician2,050 EUR
Database Administrator2,690 EUR
Developer / Programmer2,610 EUR
Information Technology Manager4,410 EUR
Network Engineer2,370 EUR

Law Enforcement / Security / Fire
Police Officer1,640 EUR

Attorney5,310 EUR
Legal Assistant1,350 EUR

Media / Broadcasting / Arts / Entertainment
Journalist3,020 EUR

Pharmaceutical and Biotechnology
Biomedical Engineer2,170 EUR
Pharmacist3,540 EUR

Sales Retail and Wholesale
Cashier990 EUR
Sales Manager4,630 EUR
Sales Representative1,650 EUR

Teaching / Education
Elementary School Teacher1,790 EUR
Secondary School Teacher2,260 EUR

Average Hourly Wage in Montenegro

15 EUR per hour

The average hourly wage (pay per hour) in Montenegro is 15 EUR. This means that the average person in Montenegro earns approximately 15 EUR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked 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 the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Montenegro is 4 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Montenegro earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
2,380 EUR
Public Sector+25%
2,970 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Montenegro?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Montenegro would range anywhere between 2,470 EUR and 3,740 EUR.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary in Montenegro is ranges from 1,780 EUR to 3,740 EUR. The base salary depends on many factors including profession, experience, and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.

What is the difference between the median and the average salary?

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 plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

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