HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Laboratory Technician Average Salary in Virgin Islands (US) 2020

How much money does a Laboratory Technician make in Virgin Islands (US)?


Average Monthly Salary
2,110 USD
( 25,300 USD yearly)

LOW
1,010
USD
AVERAGE
2,110
USD
HIGH
3,310
USD

A person working as a Laboratory Technician in Virgin Islands (US) typically earns around 2,110 USD per month. Salaries range from 1,010 USD (lowest) to 3,310 USD (highest).

This is the average monthly salary including housing, transport, and other benefits. Laboratory Technician salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Laboratory Technician Salary Distribution in Virgin Islands (US)

Median and salary distribution monthly Virgin Islands (US) Laboratory Technician
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/median-and-salary-distribution-monthly-virgin-islands-(us)-laboratory-technician.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Virgin Islands (US) range from 1,010 USD per month (minimum salary) to 3,310 USD per month (maximum salary).

  • Median Salary

    The median salary is 2,190 USD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 2,190 USD while the other half are earning more than 2,190 USD. 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 Laboratory Technician(s) are earning less than 1,440 USD while 75% of them are earning more than 1,440 USD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 2,860 USD while 25% are earning more than 2,860 USD.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Virgin Islands (US) Laboratory Technician
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/salary-comparison-by-years-of-experience-monthly-virgin-islands-(us)-laboratory-technician.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 1,180 USD per month.

While someone with an experience level between two and five years is expected to earn 1,680 USD per month, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,210 USD per month, 31% more than someone with two to five years of experience.

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.

Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,710 USD per month, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 2,880 USD per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,160 USD per month, 10% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Virgin Islands (US)

0 - 2 Years
1,180 USD
2 - 5 Years+42%
1,680 USD
5 - 10 Years+31%
2,210 USD
10 - 15 Years+23%
2,710 USD
15 - 20 Years+6%
2,880 USD
20+ Years+10%
3,160 USD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Laboratory Technician(s) who have the same experience but different education levels.

Salary comparison by education level monthly Virgin Islands (US) Laboratory Technician
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/salary-comparison-by-education-level-monthly-virgin-islands-(us)-laboratory-technician.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 1,860 USD per month.

While someone with a Master's Degree gets a salary of 2,670 USD per month, 43% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Virgin Islands (US)

Bachelor's Degree
1,860 USD
Master's Degree+43%
2,670 USD
Percentage increase and decrease are relative to the previous value

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 Virgin Islands (US) costs anywhere from 13,500 US Dollar(s) to 40,400 US 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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Virgin Islands (US) Laboratory Technician
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/salary-comparison-by-gender-monthly-virgin-islands-(us)-laboratory-technician.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Laboratory Technician employees in Virgin Islands (US) earn 9% more than their female counterparts on average.

Male
2,230 USD
Female-8%
2,050 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Virgin Islands (US) for all Careers

Salary comparison by gender monthly Virgin Islands (US)
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/salary-comparison-by-gender-monthly-virgin-islands-(us).jpg

Laboratory Technician Average Annual Salary Increment Percentage in Virgin Islands (US)

How much are annual salary increments in Virgin Islands (US) for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Virgin Islands (US) are likely to observe a salary increase of approximately 6% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Virgin Islands (US) Laboratory Technician
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/annual-salary-increment-rate-virgin-islands-(us)-laboratory-technician.jpg


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.

Virgin Islands (US) / All Professions

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 Virgin Islands (US) is 2%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Virgin Islands (US) 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.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Laboratory Technician Bonus and Incentive Rates in Virgin Islands (US)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Virgin Islands (US) Laboratory Technician
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/annual-salary-bonus-rate-virgin-islands-(us)-laboratory-technician.jpg

A Laboratory Technician is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

86% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 14% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
14%
No Bonus
86%

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.


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.

Laboratory Technician Average Hourly Wage in Virgin Islands (US)


12 USD per hour

The average hourly wage (pay per hour) in Virgin Islands (US) is 12 USD. This means that the average Laboratory Technician in Virgin Islands (US) earns approximately 12 USD 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Virgin Islands (US)
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/virgin-islands-(us)/health-and-medical/healthcare-technical/laboratory-technician/salary-comparison-between-laboratory-technician-and-health-and-medical-monthly-virgin-islands-(us).jpg

The average salary for Laboratory Technician is 37% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician5,200 USD+150%
Admitting Officer2,090 USD-1%
Ambulance Dispatcher2,140 USD+2%
Ambulance Driver1,850 USD-12%
Ambulance Officer and Paramedic2,160 USD+3%
Ambulatory Services Director4,140 USD+96%
Anatomic Pathology Supervisor4,840 USD+130%
Anesthesia Technician2,800 USD+33%
Anesthesiologist8,370 USD+300%
Anesthesiology Assistant2,940 USD+40%
Assistant Optometrist2,320 USD+10%
Audiologist4,860 USD+130%
Biomedical Engineering Director3,720 USD+77%
Biomedical Engineering Technician2,030 USD-4%
Cardiac Technician1,840 USD-13%
Cardiovascular Specialist10,300 USD+390%
Cardiovascular Technologist4,060 USD+93%
Central Sterile Processing Technician2,380 USD+13%
Charge Entry Specialist2,500 USD+19%
Clinical Application Specialist2,570 USD+22%
Clinical Biochemist4,690 USD+120%
Clinical Cytogeneticist4,150 USD+97%
Clinical Data Reviewer2,410 USD+14%
Clinical Development Specialist3,130 USD+49%
Clinical Field Associate2,600 USD+23%
Clinical Genetic Technologist3,870 USD+84%
Clinical Microbiologist5,130 USD+140%
Clinical Molecular Geneticist4,440 USD+110%
Clinical Neuropsychologist5,690 USD+170%
Clinical Research Coordinator2,890 USD+37%
Clinical Scientist5,120 USD+140%
CME Specialist4,350 USD+110%
CT Technologist2,430 USD+15%
Cytogenetic Technologist3,770 USD+79%
Diagnostic Medical Sonographer3,130 USD+49%
Dispensing Optician2,420 USD+15%
Dosimetrist3,450 USD+64%
EKG Technician2,510 USD+19%
Endoscopic Assistant2,310 USD+10%
Endoscopy Technician2,190 USD+4%
Enterostomal Therapist3,660 USD+74%
Epidemiologist4,250 USD+100%
FGP Ultrasound Techncian2,250 USD+7%
Health Systems Specialist3,310 USD+57%
Health Technologist3,490 USD+66%
Healthcare Data Analyst2,660 USD+26%
Hearing Aid Specialist2,850 USD+35%
Histotechnologist3,400 USD+61%
Immunologist4,860 USD+130%
Industrial Hygienist3,530 USD+68%
Infection Control Coordinator2,420 USD+15%
Infection Control Practitioner5,720 USD+170%
Infection Preventionist3,860 USD+83%
Informatics Practice Specialist2,960 USD+40%
Interventional Radiographer4,460 USD+110%
Lab Assistant1,990 USD-6%
Laboratory Manager3,860 USD+83%
Laboratory Technician2,110 USD+0%
Low Vision Therapist4,440 USD+110%
Mammography Technician2,090 USD-1%
Medical Coder1,920 USD-9%
Medical Courier1,410 USD-33%
Medical Equipment Preparer2,040 USD-3%
Medical Forms Designer1,760 USD-16%
Medical Technologist2,230 USD+6%
MRI Technologist2,030 USD-4%
Music Therapist3,080 USD+46%
Neonatologist5,550 USD+160%
Neurodiagnostic Techncian2,150 USD+2%
Neuropsychology Testing Assistant1,940 USD-8%
Nuclear Medical Technician2,930 USD+39%
Nuclear Medicine Technolgoist2,850 USD+35%
Nutrition Assistant2,090 USD-1%
Occupaitional Therapy Assistant2,320 USD+10%
Operating Room Scheduler2,020 USD-4%
Operating Room Services Director5,880 USD+180%
Ophthalmic Assistant2,230 USD+6%
Ophthalmic Laboratory Technician2,310 USD+10%
Optician4,580 USD+120%
Orthopedic Technician2,280 USD+8%
Orthoptist5,860 USD+180%
Orthotist6,090 USD+190%
Pathology Assistant2,220 USD+5%
Perfusionist6,700 USD+220%
Phlebotomist1,620 USD-23%
Pre Authorization Case Manager2,960 USD+40%
Prosthetist4,930 USD+130%
Radiation Therapist7,300 USD+250%
Radiation Therapy Technologist3,140 USD+49%
Radiographer5,110 USD+140%
Radiography Technologist2,950 USD+40%
Radiologic Technologist3,090 USD+47%
Radiology Technologist2,900 USD+38%
Respiratory Care Practitioner5,480 USD+160%
Respiratory Therapist4,250 USD+100%
Respiratory Therapy Technician2,510 USD+19%
Sonographer2,980 USD+41%
Sonography Technologist3,130 USD+49%
Speech and Language Pathologist4,650 USD+120%
Ultrasonographer2,380 USD+13%
Ultrasound Technologist2,230 USD+6%
Vascular Technologist2,180 USD+3%
X-Ray Technologist3,170 USD+50%

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 Virgin Islands (US) earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
2,450 USD
Public Sector+21%
2,970 USD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020