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Average Salary in Trinidad and Tobago 2020

How much money does a person working in Trinidad and Tobago make?


Average Monthly Salary
19,700 TTD
( 236,000 TTD yearly)

LOW
2,670
TTD
AVERAGE
19,700
TTD
HIGH
87,200
TTD

A person working in Trinidad and Tobago typically earns around 19,700 TTD per month. Salaries range from 2,670 TTD (lowest average) to 87,200 TTD (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.

Distribution of Salaries in Trinidad and Tobago

Median and salary distribution monthly Trinidad and Tobago
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Trinidad and Tobago range from 2,670 TTD per month (minimum salary) to 87,200 TTD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 18,900 TTD per month, which means that half (50%) of the population are earning less than 18,900 TTD while the other half are earning more than 18,900 TTD. 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

    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 9,710 TTD while 75% of them are earning more than 9,710 TTD. Also from the diagram, 75% of the population are earning less than 50,900 TTD while 25% are earning more than 50,900 TTD.


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

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 Trinidad and Tobago costs anywhere from 98,500 Trinidad and Tobago Dollar(s) to 295,000 Trinidad and Tobago Dollar(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 Comparison By Gender

Salary comparison by gender monthly Trinidad and Tobago
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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 Trinidad and Tobago earn 8% more than their female counterparts.

Female
19,100 TTD
Male+8%
20,600 TTD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Trinidad and Tobago

How much are annual salary increments in Trinidad and Tobago? How often do employees get salary raises?

Trinidad and Tobago

Employees in Trinidad and Tobago are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Trinidad and Tobago
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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 Trinidad and Tobago is 2%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Trinidad and Tobago for the year 2019. 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%
Mid-Career
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

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Bonus and Incentive Rates in Trinidad and Tobago

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Trinidad and Tobago
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67% of surveyed staff in Trinidad and Tobago reported that they haven't received any bonuses or incentives in the previous year while 33% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
33%
No Bonus
67%

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

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Trinidad and Tobago
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Where can you get paid more, working for a private company or for the government? Public sector employees in Trinidad and Tobago earn 14% more than their private sector counterparts.

Private Sector
18,700 TTD
Public Sector+14%
21,300 TTD
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Trinidad and Tobago

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

Salary trends and forecast monthly Trinidad and Tobago
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Average Salary 2016
17,500 TTD
Average Salary 2017+4%
18,100 TTD
Average Salary 2018+2%
18,500 TTD
Average Salary 2019+3%
19,000 TTD
Percentage increase and decrease are relative to the previous value

Salaries in Trinidad and Tobago are on the rise in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant13,700 TTD
Accounting Assistant13,400 TTD
Accounting Manager25,400 TTD
Bookkeeper10,400 TTD
Chartered Accountant17,400 TTD
Corporate Treasurer35,000 TTD
Financial Analyst20,700 TTD
Financial Manager39,300 TTD
Internal Auditor19,600 TTD

Administration / Reception / Secretarial
Administrative Assistant10,500 TTD
Office Manager14,400 TTD
Receptionist15,000 TTD
Secretary11,000 TTD

Advertising / Grapic Design / Events
Art Director20,400 TTD
Creative Director19,900 TTD
Graphic Designer13,400 TTD
Photographer13,700 TTD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer22,400 TTD
Air Traffic Controller21,200 TTD
Flight Attendant16,800 TTD
Pilot23,000 TTD

Architecture
Architect17,700 TTD
CAD Drafter14,400 TTD

Automotive
Mechanic10,700 TTD
Service Advisor15,100 TTD

Banking
Bank Branch Manager28,800 TTD
Teller14,100 TTD

Bilingual
Teacher15,100 TTD
Translator17,400 TTD

Business Planning
Business Analyst24,700 TTD
Business Development Manager29,400 TTD
Project Manager23,500 TTD

Care Giving and Child Care
Nanny12,800 TTD
Nursery Teacher14,800 TTD

Construction / Building / Installation
Civil Engineer18,300 TTD
Construction Project Manager24,500 TTD
Health and Safety Officer12,900 TTD

Customer Service and Call Center
Call Center Representative13,400 TTD
Customer Service Manager27,500 TTD
Customer Service Representative13,600 TTD

Engineering
Electrical Engineer18,900 TTD
Engineer18,200 TTD
Mechanical Engineer19,400 TTD

Executive and Management
Chief Executive Officer45,900 TTD
Chief Financial Officer41,800 TTD
General Manager36,700 TTD

Food / Hospitality / Tourism / Catering
Chef15,600 TTD
Executive Chef17,500 TTD
Hotel Manager30,800 TTD
Travel Agent15,500 TTD
Waiter / Waitress11,700 TTD

Health and Medical
Dentist47,800 TTD
Dietitian44,600 TTD
Laboratory Technician14,900 TTD
Nurse15,500 TTD

Human Resources
Human Resources Manager28,000 TTD
Human Resources Officer16,200 TTD

Information Technology
Computer Technician15,000 TTD
Database Administrator19,700 TTD
Developer / Programmer18,000 TTD
Information Technology Manager27,400 TTD
Network Engineer16,500 TTD

Law Enforcement / Security / Fire
Police Officer16,200 TTD

Legal
Attorney28,700 TTD
Legal Assistant14,500 TTD

Media / Broadcasting / Arts / Entertainment
Journalist20,100 TTD

Pharmaceutical and Biotechnology
Biomedical Engineer17,100 TTD
Pharmacist22,900 TTD

Sales Retail and Wholesale
Cashier10,800 TTD
Sales Manager29,900 TTD
Sales Representative12,700 TTD

Teaching / Education
Elementary School Teacher13,400 TTD
Secondary School Teacher15,700 TTD

Average Hourly Wage in Trinidad and Tobago


110 TTD per hour

The average hourly wage (pay per hour) in Trinidad and Tobago is 110 TTD. This means that the average person in Trinidad and Tobago earns approximately 110 TTD for every worked hour.


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

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.

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