HOME COMPARE YOUR SALARY COST OF LIVING CALCULATOR
Home
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Average Salary in Honduras 2020

How much money does a person working in Honduras make?


Average Monthly Salary
49,600 HNL
( 595,000 HNL yearly)

LOW
6,710
HNL
AVERAGE
49,600
HNL
HIGH
220,000
HNL

A person working in Honduras typically earns around 49,600 HNL per month. Salaries range from 6,710 HNL (lowest average) to 220,000 HNL (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 Honduras

Median and salary distribution monthly Honduras
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/honduras/median-and-salary-distribution-monthly-honduras.jpg

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

  • Salary Range

    Salaries in Honduras range from 6,710 HNL per month (minimum salary) to 220,000 HNL per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 50,600 HNL per month, which means that half (50%) of the population are earning less than 50,600 HNL while the other half are earning more than 50,600 HNL. 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 25,800 HNL while 75% of them are earning more than 25,800 HNL. Also from the diagram, 75% of the population are earning less than 138,000 HNL while 25% are earning more than 138,000 HNL.


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 Honduras costs anywhere from 248,000 Lempira(s) to 744,000 Lempira(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 Honduras
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/honduras/salary-comparison-by-gender-monthly-honduras.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Honduras earn 13% more than their female counterparts.

Female
45,900 HNL
Male+13%
52,000 HNL
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Honduras

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

Honduras

Employees in Honduras are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Honduras
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/honduras/annual-salary-increment-rate-honduras.jpg


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 Honduras is 2%.

Annual Increment Rate By Industry 2019

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

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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Bonus and Incentive Rates in Honduras

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Honduras
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/honduras/annual-salary-bonus-rate-honduras.jpg

64% of surveyed staff in Honduras reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
36%
No Bonus
64%

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 Honduras
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/honduras/public-vs-private-sector-salaries-monthly-honduras.jpg

Where can you get paid more, working for a private company or for the government? Public sector employees in Honduras earn 14% more than their private sector counterparts.

Private Sector
45,600 HNL
Public Sector+14%
52,100 HNL
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Honduras

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

Salary trends and forecast monthly Honduras
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/honduras/salary-trends-and-forecast-monthly-honduras.jpg
Average Salary 2016
44,000 HNL
Average Salary 2017+4%
45,700 HNL
Average Salary 2018+3%
46,900 HNL
Average Salary 2019+2%
47,800 HNL
Percentage increase and decrease are relative to the previous value

Salaries in Honduras are on the rise in the year 2020 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 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
Accountant30,200 HNL
Accounting Assistant28,900 HNL
Accounting Manager64,100 HNL
Bookkeeper24,000 HNL
Chartered Accountant38,400 HNL
Corporate Treasurer84,400 HNL
Financial Analyst48,300 HNL
Financial Manager95,400 HNL
Internal Auditor47,200 HNL

Administration / Reception / Secretarial
Administrative Assistant24,500 HNL
Office Manager33,600 HNL
Receptionist32,400 HNL
Secretary25,800 HNL

Advertising / Grapic Design / Events
Art Director44,700 HNL
Creative Director45,100 HNL
Graphic Designer33,200 HNL
Photographer32,300 HNL

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer50,900 HNL
Air Traffic Controller47,200 HNL
Flight Attendant38,200 HNL
Pilot57,100 HNL

Architecture
Architect42,300 HNL
CAD Drafter34,700 HNL

Automotive
Mechanic24,800 HNL
Service Advisor37,000 HNL

Banking
Bank Branch Manager65,100 HNL
Teller32,900 HNL

Bilingual
Teacher34,100 HNL
Translator38,400 HNL

Business Planning
Business Analyst56,900 HNL
Business Development Manager66,800 HNL
Project Manager54,900 HNL

Care Giving and Child Care
Nanny28,300 HNL
Nursery Teacher34,600 HNL

Construction / Building / Installation
Civil Engineer43,100 HNL
Construction Project Manager54,500 HNL
Health and Safety Officer29,500 HNL

Customer Service and Call Center
Call Center Representative32,100 HNL
Customer Service Manager59,200 HNL
Customer Service Representative31,400 HNL

Engineering
Electrical Engineer46,100 HNL
Engineer42,300 HNL
Mechanical Engineer47,600 HNL

Executive and Management
Chief Executive Officer106,000 HNL
Chief Financial Officer98,800 HNL
General Manager78,900 HNL

Food / Hospitality / Tourism / Catering
Chef37,500 HNL
Executive Chef40,100 HNL
Hotel Manager70,900 HNL
Travel Agent37,400 HNL
Waiter / Waitress27,500 HNL

Health and Medical
Dentist106,000 HNL
Dietitian103,000 HNL
Laboratory Technician36,600 HNL
Nurse36,400 HNL

Human Resources
Human Resources Manager67,100 HNL
Human Resources Officer39,100 HNL

Information Technology
Computer Technician33,900 HNL
Database Administrator46,000 HNL
Developer / Programmer41,600 HNL
Information Technology Manager68,300 HNL
Network Engineer39,000 HNL

Law Enforcement / Security / Fire
Police Officer38,000 HNL

Legal
Attorney66,900 HNL
Legal Assistant33,100 HNL

Media / Broadcasting / Arts / Entertainment
Journalist43,400 HNL

Pharmaceutical and Biotechnology
Biomedical Engineer40,500 HNL
Pharmacist51,300 HNL

Sales Retail and Wholesale
Cashier25,600 HNL
Sales Manager69,600 HNL
Sales Representative28,800 HNL

Teaching / Education
Elementary School Teacher32,100 HNL
Secondary School Teacher37,100 HNL

Average Hourly Wage in Honduras


290 HNL per hour

The average hourly wage (pay per hour) in Honduras is 290 HNL. This means that the average person in Honduras earns approximately 290 HNL 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.

1100 - 1

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018