How much money does a person working in Grenada make?
2,850 XCD per month
Average Monthly Salary
A person working in Grenada typically earns around 2,850 XCD 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 Grenada | All Jobs
Abount These Figures: Salary Range, Median and Percentiles
Salaries in Grenada range between 386 XCD per month (minimum salary) to 12,620 XCD per month (maximum salary).
The median salary is 2,850 XCD per month, which means that half (50%) of the population are earning less than 2,850 XCD while the other half are earning more than 2,850 XCD. 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 1,456 XCD while 75% of them are earning more than 1,456 XCD. Also from the diagram, 75% of the population are earning less than 7,735 XCD while 25% are earning more than 7,735 XCD.
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 Grenada
How are Grenada 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|| +3% |
|Average Salary 2019|| +1% |
Percentage increase and decrease are relative to the previous value
Salaries in Grenada are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% 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||1,376 XCD|
|Biomedical Engineer||2,306 XCD|
|CAD Drafter||2,010 XCD|
|Chartered Accountant||2,367 XCD|
|Chief Executive Officer||6,237 XCD|
|Chief Financial Officer||5,393 XCD|
|Civil Engineer||2,465 XCD|
|Computer Technician||1,990 XCD|
|Creative Director||2,642 XCD|
|Developer / Programmer||2,340 XCD|
|Electrical Engineer||2,703 XCD|
|Elementary School Teacher||1,827 XCD|
|Executive Chef||2,278 XCD|
|Flight Attendant||2,335 XCD|
|General Manager||4,529 XCD|
|Graphic Designer||1,850 XCD|
|Hotel Manager||3,913 XCD|
|Human Resources Manager||3,856 XCD|
|Internal Auditor||2,847 XCD|
|Legal Assistant||1,840 XCD|
|Mechanical Engineer||2,602 XCD|
|Police Officer||2,119 XCD|
|Project Manager||3,003 XCD|
|Sales Manager||4,289 XCD|
|Sales Representative||1,759 XCD|
|Secondary School Teacher||2,305 XCD|
|Travel Agent||2,257 XCD|
|Waiter / Waitress||1,644 XCD|
Average Hourly Wage in Grenada | All Jobs
16 XCD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Grenada | All Jobs is 16 XCD. This means that the average person in Grenada earns approximatly 16 XCD 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.
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