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Average Salary in Ecuador 2018

How much money does a person working in Ecuador make?

3,139 USD per month
Average Monthly Salary
A person working in Ecuador typically earns around 3,139 USD 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 Ecuador | All Jobs

25% of people earn
3,000 USD
or less
50% of people earn
3,200 USD
or less
75% of people earn
4,417 USD
or less
Minimum
1,500 USD
Median
3,200 USD
Maximum
5,000 USD

Abount These Figures: Salary Range, Median and Percentiles

Salaries in Ecuador range between 1,500 USD per month (minimum salary) to 5,000 USD per month (maximum salary).

The median salary is 3,200 USD per month, which means that half (50%) of the population are earning less than 3,200 USD while the other half are earning more than 3,200 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.

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 3,000 USD while 75% of them are earning more than 3,000 USD. Also from the diagram, 75% of the population are earning less than 4,417 USD while 25% are earning more than 4,417 USD.

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

Salaries for specific job categories

Choose your job category from below to explore specific salary details

Salary Trend and Forecast in Ecuador

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

2015201620172018
Average Salary 2015    =  
2,890 USD
Average Salary 2016    +3%  
2,971 USD
Average Salary 2017    +3%  
3,054 USD
Average Salary 2018    +3%  
3,139 USD
Percentage increase and decrease are relative to the previous value
Salaries in Ecuador are on the rise in the year 2018 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2018 are 3% higher than those of 2017. The trend suggests a slow yet continous increase in pay in 2019 and future years. These numbers differ slightly from industry to another.


Average Hourly Wage in Ecuador | All Jobs

16 USD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Ecuador | All Jobs is 16 USD. This means that the average person in Ecuador earns approximatly 16 USD 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
Guayaquil4,029 USD
Quito3,042 USD
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