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Average Salary in Greece 2020

How much money does a person working in Greece make?


Average Monthly Salary
6,300 EUR
( 75,700 EUR yearly)

LOW
850
EUR
AVERAGE
6,300
EUR
HIGH
27,900
EUR

A person working in Greece typically earns around 6,300 EUR per month. Salaries range from 850 EUR (lowest average) to 27,900 EUR (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Greece

Median and salary distribution monthly Greece
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Greece range from 850 EUR per month (minimum salary) to 27,900 EUR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 6,050 EUR per month, which means that half (50%) of the population are earning less than 6,050 EUR while the other half are earning more than 6,050 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 3,110 EUR while 75% of them are earning more than 3,110 EUR. Also from the diagram, 75% of the population are earning less than 16,300 EUR while 25% are earning more than 16,300 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 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Greece costs anywhere from 31,500 Euro(s) to 94,600 Euro(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Greece
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Greece earn 9% more than their female counterparts.

Female
6,080 EUR
Male+9%
6,620 EUR
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Greece

How much are annual salary increments in Greece? How often do employees get salary raises?

Greece

Employees in Greece are likely to observe a salary increase of approximately 9% every 16 months.

Annual Salary Increment Rate Greece
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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.

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 Greece is 7%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Greece 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Greece

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Greece
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49% of surveyed staff in Greece reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
51%
No Bonus
49%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Greece
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Where can you get paid more, working for a private company or for the government? Public sector employees in Greece earn 6% more than their private sector counterparts.

Private Sector
6,130 EUR
Public Sector+6%
6,520 EUR
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Greece

How are Greece salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Greece
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Average Salary 2016
5,600 EUR
Average Salary 2017+4%
5,800 EUR
Average Salary 2018+2%
5,910 EUR
Average Salary 2019+3%
6,080 EUR
Percentage increase and decrease are relative to the previous value

Salaries in Greece are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant3,980 EUR
Accounting Assistant3,770 EUR
Accounting Manager8,140 EUR
Bookkeeper3,030 EUR
Chartered Accountant5,000 EUR
Corporate Treasurer10,400 EUR
Financial Analyst6,490 EUR
Financial Manager12,500 EUR
Internal Auditor6,110 EUR

Administration / Reception / Secretarial
Administrative Assistant3,280 EUR
Office Manager4,260 EUR
Receptionist3,250 EUR
Secretary3,130 EUR

Advertising / Grapic Design / Events
Art Director5,720 EUR
Creative Director5,870 EUR
Graphic Designer4,070 EUR
Photographer3,860 EUR

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer6,250 EUR
Air Traffic Controller6,330 EUR
Flight Attendant4,920 EUR
Pilot6,910 EUR

Architecture
Architect5,260 EUR
CAD Drafter4,550 EUR

Automotive
Mechanic3,170 EUR
Service Advisor4,600 EUR

Banking
Bank Branch Manager8,680 EUR
Teller4,190 EUR

Bilingual
Teacher4,490 EUR
Translator5,000 EUR

Business Planning
Business Analyst6,800 EUR
Business Development Manager8,690 EUR
Project Manager7,200 EUR

Care Giving and Child Care
Nanny3,630 EUR
Nursery Teacher4,350 EUR

Construction / Building / Installation
Civil Engineer5,280 EUR
Construction Project Manager7,230 EUR
Health and Safety Officer3,860 EUR

Customer Service and Call Center
Call Center Representative3,950 EUR
Customer Service Manager7,990 EUR
Customer Service Representative4,190 EUR

Engineering
Civil Engineer5,150 EUR
Electrical Engineer5,890 EUR
Engineer5,260 EUR
Mechanical Engineer6,050 EUR

Executive and Management
Chief Executive Officer13,600 EUR
Chief Financial Officer11,800 EUR
General Manager10,600 EUR
Project Manager6,980 EUR

Food / Hospitality / Tourism / Catering
Chef4,920 EUR
Executive Chef5,130 EUR
Hotel Manager8,580 EUR
Receptionist4,270 EUR
Travel Agent4,850 EUR
Waiter / Waitress3,520 EUR

Health and Medical
Dentist13,800 EUR
Dietitian13,000 EUR
Laboratory Technician4,650 EUR
Nurse4,770 EUR

Human Resources
Human Resources Manager8,530 EUR
Human Resources Officer4,730 EUR

Information Technology
Computer Technician4,420 EUR
Database Administrator6,170 EUR
Developer / Programmer5,370 EUR
Information Technology Manager8,810 EUR
Network Engineer5,330 EUR

Law Enforcement / Security / Fire
Police Officer4,660 EUR

Legal
Attorney8,990 EUR
Legal Assistant4,390 EUR

Media / Broadcasting / Arts / Entertainment
Journalist5,650 EUR

Pharmaceutical and Biotechnology
Biomedical Engineer5,290 EUR
Pharmacist6,490 EUR

Sales Retail and Wholesale
Cashier3,530 EUR
Sales Manager9,060 EUR
Sales Representative3,700 EUR

Teaching / Education
Elementary School Teacher3,950 EUR
Secondary School Teacher4,690 EUR

Average Hourly Wage in Greece


36 EUR per hour

The average hourly wage (pay per hour) in Greece is 36 EUR. This means that the average person in Greece earns approximately 36 EUR 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.

Salary Comparison By City

CityAverage Salary
Athens6,410 EUR
2167 - 393

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