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Average Salary in Venezuela 2023

How much money does a person working in Venezuela make?

Average Monthly Salary
132,000 VES
( 1,590,000 VES yearly)


A person working in Venezuela typically earns around 132,000 VES per month. Salaries range from 33,500 VES (lowest average) to 591,000 VES (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 Venezuela

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

5% of people earn
246,000 VES or more
10% of people earn
193,000 to 246,000 VES
20% of people earn
75,000 VES or less
65% of people earn
75,000 to 193,000 VES
Minimum Salary
33,500 VES
113,000 VES
591,000 VES

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

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Venezuela range from 33,500 VES per month (starting salary) to 591,000 VES 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 113,000 VES per month, which means that half (50%) of the population are earning less than 113,000 VES while the other half are earning more than 113,000 VES. 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 81,500 VES while 75% of them are earning more than 81,500 VES. Also from the diagram, 75% of the population are earning less than 171,000 VES while 25% are earning more than 171,000 VES.

  • 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 75,000 VES to 193,000 VES. Approximatly 20% fall under the 75,000 VES cap. Ten percent of wages are from 193,000 VES to 246,000 VES. Only 5% of people grossed 246,000 VES 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 Venezuela costs anywhere from 662,000 Bolivar Soberano(s) to 1,990,000 Bolivar Soberano(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 Venezuela 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 Venezuela earn 7% more than their female counterparts on avergae across all sectors.

136,000 VES
127,000 VES
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Venezuela

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


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

Annual Salary Increment Rate Venezuela
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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 Venezuela is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Venezuela 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 Venezuela

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Venezuela
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69% of surveyed staff in Venezuela reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% 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 Venezuela

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

Average Salary 2019
121,000 VES
Average Salary 2020+2%
123,000 VES
Average Salary 2021+2%
126,000 VES
Average Salary 2022+2%
129,000 VES
Percentage increase and decrease are relative to the previous value

Salaries in Venezuela are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 2% 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 Venezuela
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Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant90,200 VES
Accounting Assistant73,100 VES
Accounting Manager197,000 VES
Bookkeeper60,800 VES
Chartered Accountant119,000 VES
Corporate Treasurer174,000 VES
Financial Analyst171,000 VES
Financial Manager263,000 VES
Internal Auditor127,000 VES

Administration / Reception / Secretarial
Administrative Assistant70,400 VES
Office Manager111,000 VES
Receptionist50,300 VES
Secretary60,000 VES

Advertising / Grapic Design / Events
Art Director135,000 VES
Creative Director127,000 VES
Graphic Designer87,400 VES
Photographer74,700 VES

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer173,000 VES
Air Traffic Controller139,000 VES
Flight Attendant89,700 VES
Pilot219,000 VES

Architect154,000 VES
CAD Drafter68,000 VES

Mechanic48,300 VES
Service Advisor95,200 VES

Bank Branch Manager251,000 VES
Teller48,000 VES

Teacher97,100 VES
Translator119,000 VES

Business Planning
Business Analyst172,000 VES
Business Development Manager203,000 VES
Project Manager144,000 VES

Care Giving and Child Care
Nanny56,000 VES
Nursery Teacher48,500 VES

Construction / Building / Installation
Civil Engineer123,000 VES
Construction Project Manager212,000 VES
Health and Safety Officer57,000 VES

Customer Service and Call Center
Call Center Representative48,500 VES
Customer Service Manager177,000 VES
Customer Service Representative51,000 VES

Electrical Engineer132,000 VES
Engineer123,000 VES
Mechanical Engineer127,000 VES

Executive and Management
Chief Executive Officer290,000 VES
Chief Financial Officer279,000 VES
General Manager230,000 VES

Food / Hospitality / Tourism / Catering
Chef83,000 VES
Executive Chef93,100 VES
Hotel Manager246,000 VES
Travel Agent84,800 VES
Waiter / Waitress43,900 VES

Health and Medical
Dentist313,000 VES
Dietitian255,000 VES
Laboratory Technician101,000 VES
Nurse107,000 VES

Human Resources
Human Resources Manager207,000 VES
Human Resources Officer78,000 VES

Information Technology
Computer Technician98,100 VES
Database Administrator132,000 VES
Developer / Programmer124,000 VES
Information Technology Manager216,000 VES
Network Engineer112,000 VES

Law Enforcement / Security / Fire
Police Officer79,200 VES

Attorney261,000 VES
Legal Assistant72,800 VES

Media / Broadcasting / Arts / Entertainment
Journalist152,000 VES

Pharmaceutical and Biotechnology
Biomedical Engineer116,000 VES
Pharmacist171,000 VES

Sales Retail and Wholesale
Cashier48,300 VES
Sales Manager239,000 VES
Sales Representative84,500 VES

Teaching / Education
Elementary School Teacher88,900 VES
Secondary School Teacher103,000 VES

Average Hourly Wage in Venezuela

760 VES per hour

The average hourly wage (pay per hour) in Venezuela is 760 VES. This means that the average person in Venezuela earns approximately 760 VES 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 Venezuela is 190 VES. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Barquisimeto133,000 VES
Caracas149,000 VES
Ciudad Guayana124,000 VES
Maracaibo142,000 VES

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 Venezuela earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
124,000 VES
Public Sector+11%
138,000 VES
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 Venezuela?

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 Venezuela would range anywhere between 113,000 VES and 171,000 VES.

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 Venezuela is ranges from 81,500 VES to 171,000 VES. 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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