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Average Salary in Cyprus 2020

How much money does a person working in Cyprus make?


Average Monthly Salary
3,430 EUR
( 41,200 EUR yearly)

LOWEST
460
EUR
AVERAGE
3,430
EUR
HIGHEST
15,200
EUR

A person working in Cyprus typically earns around 3,430 EUR per month. Salaries range from 460 EUR (lowest) to 15,200 EUR (highest).

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 Cyprus

Median and salary distribution monthly Cyprus

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

  • Salary Range

    Salaries in Cyprus range between 460 EUR per month (minimum salary) to 15,200 EUR per month (maximum salary).

  • Median Salary

    The median salary is 3,330 EUR per month, which means that half (50%) of the population are earning less than 3,330 EUR while the other half are earning more than 3,330 EUR. 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 1,710 EUR while 75% of them are earning more than 1,710 EUR. Also from the diagram, 75% of the population are earning less than 8,710 EUR while 25% are earning more than 8,710 EUR.


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 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 Cyprus

How are Cyprus salaries changing over time? Listed below is a chart that shows the average salary over the past few years.

Salary trends and forecast monthly Cyprus
Average Salary 2016
3,100 EUR
Average Salary 2017+4%
3,220 EUR
Average Salary 2018+2%
3,270 EUR
Average Salary 2019+2%
3,340 EUR
Percentage increase and decrease are relative to the previous value
Salaries in Cyprus are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2020 are 3% higher than those of 2019. The trend suggests a slow yet continous increase in pay in 2021 and future years. These numbers differ slightly from industry to another.


Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant2,350 EUR
Accounting Assistant2,170 EUR
Accounting Manager4,430 EUR
Bookkeeper1,690 EUR
Chartered Accountant2,880 EUR
Corporate Treasurer5,720 EUR
Financial Analyst3,410 EUR
Financial Manager7,000 EUR
Internal Auditor3,600 EUR

Administration / Reception / Secretarial
Administrative Assistant1,720 EUR
Office Manager2,320 EUR
Receptionist2,530 EUR
Secretary1,860 EUR

Advertising / Grapic Design / Events
Art Director3,280 EUR
Creative Director3,380 EUR
Graphic Designer2,250 EUR
Photographer2,230 EUR

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer3,730 EUR
Air Traffic Controller3,320 EUR
Flight Attendant2,750 EUR
Pilot4,110 EUR

Architecture
Architect2,920 EUR
CAD Drafter2,490 EUR

Automotive
Mechanic1,680 EUR
Service Advisor2,550 EUR

Banking
Bank Branch Manager4,780 EUR
Teller2,280 EUR

Bilingual
Teacher2,660 EUR
Translator2,880 EUR

Business Planning
Business Analyst3,930 EUR
Business Development Manager5,000 EUR
Project Manager3,800 EUR

Care Giving and Child Care
Nanny2,030 EUR
Nursery Teacher2,300 EUR

Construction / Building / Installation
Civil Engineer2,980 EUR
Construction Project Manager4,080 EUR
Health and Safety Officer2,120 EUR

Customer Service and Call Center
Call Center Representative2,360 EUR
Customer Service Manager4,520 EUR
Customer Service Representative2,310 EUR

Engineering
Electrical Engineer3,120 EUR
Engineer2,920 EUR
Mechanical Engineer3,290 EUR

Executive and Management
Chief Executive Officer7,200 EUR
Chief Financial Officer6,830 EUR
General Manager6,030 EUR

Food / Hospitality / Tourism / Catering
Chef2,700 EUR
Executive Chef2,940 EUR
Hotel Manager5,100 EUR
Travel Agent2,850 EUR
Waiter / Waitress2,020 EUR

Health and Medical
Dentist7,920 EUR
Dietitian7,240 EUR
Laboratory Technician2,530 EUR
Nurse2,620 EUR

Human Resources
Human Resources Manager4,640 EUR
Human Resources Officer2,810 EUR

Information Technology
Computer Technician2,540 EUR
Database Administrator3,240 EUR
Developer / Programmer2,930 EUR
Information Technology Manager4,820 EUR
Network Engineer2,810 EUR

Law Enforcement / Security / Fire
Police Officer2,570 EUR

Legal
Attorney4,720 EUR
Legal Assistant2,470 EUR

Media / Broadcasting / Arts / Entertainment
Journalist3,250 EUR

Pharmaceutical and Biotechnology
Biomedical Engineer2,970 EUR
Pharmacist3,620 EUR

Sales Retail and Wholesale
Cashier1,910 EUR
Sales Manager5,210 EUR
Sales Representative2,070 EUR

Teaching / Education
Elementary School Teacher2,360 EUR
Secondary School Teacher2,610 EUR

Average Hourly Wage in Cyprus

20 EUR per hour

The average hourly wage (pay per hour) in Cyprus is 20 EUR. This means that the average person in Cyprus earns approximatly 20 EUR 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.

Salary Comparison By City

CityAverage Salary
Larnaka3,020 EUR
Limassol3,570 EUR
Nicosia3,310 EUR
2254 - 196

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