How much money does a person working in George Town make?
2,646 KYD per month
Average Monthly Salary
A person working in George Town typically earns around 2,646 KYD 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 George Town | All Jobs
Abount These Figures: Salary Range, Median and Percentiles
Salaries in George Town range between 358 KYD per month (minimum salary) to 11,717 KYD per month (maximum salary).
The median salary is 2,540 KYD per month, which means that half (50%) of the population are earning less than 2,540 KYD while the other half are earning more than 2,540 KYD. 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 1,304 KYD while 75% of them are earning more than 1,304 KYD. Also from the diagram, 75% of the population are earning less than 6,558 KYD while 25% are earning more than 6,558 KYD.
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
Salary Trend and Forecast in George Town
How are George Town salaries changing over time? Listed below is a chart that shows the average salary over the past few years.
|Average Salary 2016|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +1% |
|Average Salary 2019|| +2% |
Percentage increase and decrease are relative to the previous value
Salaries in George Town are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% 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.
Salaries for popular jobs
|Administrative Assistant||1,400 KYD|
|Biomedical Engineer||2,240 KYD|
|CAD Drafter||2,007 KYD|
|Chartered Accountant||2,237 KYD|
|Chief Executive Officer||5,952 KYD|
|Chief Financial Officer||5,156 KYD|
|Civil Engineer||2,418 KYD|
|Computer Technician||1,977 KYD|
|Creative Director||2,626 KYD|
|Developer / Programmer||2,196 KYD|
|Electrical Engineer||2,579 KYD|
|Elementary School Teacher||1,740 KYD|
|Executive Chef||2,351 KYD|
|Flight Attendant||2,129 KYD|
|General Manager||4,739 KYD|
|Graphic Designer||1,711 KYD|
|Hotel Manager||3,871 KYD|
|Human Resources Manager||3,580 KYD|
|Internal Auditor||2,616 KYD|
|Legal Assistant||1,811 KYD|
|Mechanical Engineer||2,539 KYD|
|Police Officer||1,961 KYD|
|Project Manager||2,929 KYD|
|Sales Manager||4,052 KYD|
|Sales Representative||1,605 KYD|
|Secondary School Teacher||2,082 KYD|
|Travel Agent||2,074 KYD|
|Waiter / Waitress||1,612 KYD|
Average Hourly Wage in George Town | All Jobs
15 KYD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in George Town | All Jobs is 15 KYD. This means that the average person in George Town earns approximatly 15 KYD 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.
George Town VS Cayman Islands
We compared salaries in George Town and Cayman Islands and we found that George Town salaries are 19% less than those of Cayman Islands.
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