How much money does a person working in West Bay make?
2,649 KYD per month
Average Monthly Salary
A person working in West Bay typically earns around 2,649 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 West Bay | All Jobs
Abount These Figures: Salary Range, Median and Percentiles
Salaries in West Bay range between 359 KYD per month (minimum salary) to 11,729 KYD per month (maximum salary).
The median salary is 2,569 KYD per month, which means that half (50%) of the population are earning less than 2,569 KYD while the other half are earning more than 2,569 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 1,317 KYD while 75% of them are earning more than 1,317 KYD. Also from the diagram, 75% of the population are earning less than 6,720 KYD while 25% are earning more than 6,720 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 West Bay
How are West Bay 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|| +2% |
|Average Salary 2019|| +2% |
Percentage increase and decrease are relative to the previous value
Salaries in West Bay 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||1,418 KYD|
|Biomedical Engineer||2,200 KYD|
|CAD Drafter||1,988 KYD|
|Chartered Accountant||2,291 KYD|
|Chief Executive Officer||6,005 KYD|
|Chief Financial Officer||5,456 KYD|
|Civil Engineer||2,341 KYD|
|Computer Technician||2,074 KYD|
|Creative Director||2,755 KYD|
|Developer / Programmer||2,385 KYD|
|Electrical Engineer||2,475 KYD|
|Elementary School Teacher||1,761 KYD|
|Executive Chef||2,333 KYD|
|Flight Attendant||2,297 KYD|
|General Manager||4,380 KYD|
|Graphic Designer||1,808 KYD|
|Hotel Manager||3,890 KYD|
|Human Resources Manager||3,405 KYD|
|Internal Auditor||2,658 KYD|
|Legal Assistant||1,837 KYD|
|Mechanical Engineer||2,478 KYD|
|Police Officer||1,969 KYD|
|Project Manager||3,005 KYD|
|Sales Manager||3,947 KYD|
|Sales Representative||1,731 KYD|
|Secondary School Teacher||2,173 KYD|
|Travel Agent||2,107 KYD|
|Waiter / Waitress||1,483 KYD|
Average Hourly Wage in West Bay | All Jobs
15 KYD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in West Bay | All Jobs is 15 KYD. This means that the average person in West Bay 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.
West Bay VS Cayman Islands
We compared salaries in West Bay and Cayman Islands and we found that West Bay salaries are 19% less than those of Cayman Islands.
3472 - 3