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Laboratory Technician Average Salary in Bahamas 2023

How much money does a person working as Laboratory Technician make in Bahamas?

Average Yearly Salary
34,800 BSD
( 2,900 BSD monthly)

All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Laboratory Technician in Bahamas typically earns around 34,800 BSD. Salaries range from 18,800 BSD (lowest) to 52,500 BSD (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Laboratory Technician salaries in Bahamas vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Laboratory Technician Pay Scale and Salaries in Bahamas

Median and salary distribution Bahamas Laboratory Technician yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
31,000 BSD or more
10% of people earn
27,700 to 31,000 BSD
20% of people earn
20,600 BSD or less
65% of people earn
20,600 to 27,700 BSD
Minimum Salary
18,800 BSD
31,100 BSD
52,500 BSD

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Laboratory Technician in Bahamas range from 18,800 BSD (starting salary) to 52,500 BSD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 31,100 BSD, half of the professionals who work as Laboratory Technician in Bahamas earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Laboratory Technician in Bahamas earn less than 26,000 BSD, while 75% earn more. Similarly, the chart shows that 75% earn less than 35,100 BSD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Laboratory Technician in Bahamas compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 20,600 BSD to 27,700 BSD. About 20% of salaries are below the 20,600 BSD mark, while 10% fall within the range of 27,700 BSD to 31,000 BSD. Only 5% of individuals have salaries exceeding 31,000 BSD.

Salary Comparison by Years of Experience / Laboratory Technician / Bahamas

How do experience and age affect pay?

0 - 2 Years
21,800 BSD
2 - 5 Years+26%
27,600 BSD
5 - 10 Years+32%
36,300 BSD
10 - 15 Years+18%
42,700 BSD
15 - 20 Years+11%
47,300 BSD
20+ Years+6%
50,300 BSD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Bahamas Laboratory Technician
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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. We broke down salaries by experience level for people working as Laboratory Technician and this is what we found.

All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 21,800 BSD.

While someone with an experience level between two and five years is expected to earn 27,600 BSD, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 36,300 BSD, 32% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 42,700 BSD, 18% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 47,300 BSD, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 50,300 BSD, 6% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Laboratory Technician / Bahamas

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Laboratory Technician.

Bachelor's Degree
28,200 BSD
Master's Degree+53%
43,100 BSD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Bahamas Laboratory Technician
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Laboratory Technician in order to make a comparison.

Level 1: Bachelor's Degree

Employees at this education level have an average salary of 28,200 BSD.

Level 2: Master's Degree

At this level, the average salary becomes 43,100 BSD, 53% more than the previous level.

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 Bahamas costs anywhere from 19,500 BSD to 58,400 BSD 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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Laboratory Technician / Bahamas

Salary comparison by gender Bahamas Laboratory Technician yearly
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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? For the people who work as Laboratory Technician in Bahamas, the average difference between the salary of male and female employees is 9%.

36,000 BSD
33,000 BSD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bahamas for all Careers

Salary comparison by gender yearly Bahamas
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Average Annual Salary Increment Percentage / Laboratory Technician / Bahamas

How much are annual salary increments in Bahamas for individuals working as Laboratory Technician? How often do employees get salary raises?

Individuals working as Laboratory Technician in Bahamas are likely to observe a salary increase of approximately 6% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bahamas Laboratory Technician
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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.

Bahamas / All Professions

Annual Salary Increment Rate Bahamas
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Bahamas is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Bahamas for the year 2022. 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.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Laboratory Technician / Bahamas

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahamas Laboratory Technician
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92% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 8% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 2% of their annual salary.

Received Bonus
No Bonus

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.

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.

A graphics designer working for a graphics designing company.

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.

Salary Trend and Forecast / Laboratory Technician / Bahamas

How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
31,700 BSD
Average Salary 2020+2%
32,300 BSD
Average Salary 2021+2%
33,000 BSD
Average Salary 2022+2%
33,800 BSD
Percentage increase and decrease are relative to the previous value

Salaries for individuals working as Laboratory Technician in Bahamas are on the rise in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.

Salary trends and forecast yearly Bahamas Laboratory Technician
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Average Hourly Wage / Laboratory Technician / Bahamas

17 BSD per hour

The average hourly wage (pay per hour) for individuals working as Laboratory Technician in Bahamas is 17 BSD.This is the rate they get paid for every worked hour.

Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Laboratory Technician in Bahamas is 9 BSD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Laboratory Technician VS Other Jobs

34,800 BSD
58,300 BSD
69,800 BSD
Average Salary
Laboratory Technician
Average Salary
Healthcare Technical
Average Salary
Health and Medical
Salary Comparison Between Laboratory Technician and Health and Medical yearly Bahamas
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Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician93,800 BSD+170%
Admitting Officer36,200 BSD+4%
Ambulance Dispatcher35,400 BSD+2%
Ambulance Driver33,000 BSD-5%
Ambulance Officer and Paramedic38,000 BSD+9%
Ambulatory Services Director71,300 BSD+110%
Anatomic Pathology Supervisor80,100 BSD+130%
Anesthesia Technician52,200 BSD+50%
Anesthesiologist154,000 BSD+340%
Anesthesiology Assistant50,700 BSD+46%
Assistant Optometrist42,400 BSD+22%
Audiologist85,200 BSD+140%
Biomedical Engineering Director67,700 BSD+95%
Biomedical Engineering Technician36,100 BSD+4%
Cardiac Technician32,100 BSD-8%
Cardiovascular Specialist181,000 BSD+420%
Cardiovascular Technologist69,900 BSD+100%
Central Sterile Processing Technician42,400 BSD+22%
Charge Entry Specialist45,100 BSD+30%
Clinical Application Specialist43,600 BSD+25%
Clinical Biochemist81,000 BSD+130%
Clinical Cytogeneticist70,100 BSD+100%
Clinical Data Reviewer44,300 BSD+27%
Clinical Development Specialist56,200 BSD+62%
Clinical Field Associate45,700 BSD+31%
Clinical Genetic Technologist73,400 BSD+110%
Clinical Microbiologist93,800 BSD+170%
Clinical Molecular Geneticist79,400 BSD+130%
Clinical Neuropsychologist98,900 BSD+180%
Clinical Research Coordinator51,600 BSD+48%
Clinical Scientist99,000 BSD+180%
CME Specialist74,800 BSD+120%
CT Technologist42,400 BSD+22%
Cytogenetic Technologist64,300 BSD+85%
Diagnostic Medical Sonographer56,500 BSD+62%
Dispensing Optician42,900 BSD+23%
Dosimetrist60,100 BSD+73%
EKG Technician43,600 BSD+25%
Endoscopic Assistant38,500 BSD+11%
Endoscopy Technician37,200 BSD+7%
Enterostomal Therapist61,100 BSD+76%
Epidemiologist75,000 BSD+120%
FGP Ultrasound Techncian37,200 BSD+7%
Health Systems Specialist53,800 BSD+55%
Health Technologist61,400 BSD+77%
Healthcare Data Analyst48,800 BSD+40%
Hearing Aid Specialist50,800 BSD+46%
Histotechnologist58,000 BSD+67%
Immunologist89,600 BSD+160%
Industrial Hygienist62,300 BSD+79%
Infection Control Coordinator46,200 BSD+33%
Infection Control Practitioner95,700 BSD+180%
Infection Preventionist69,900 BSD+100%
Informatics Practice Specialist55,400 BSD+59%
Interventional Radiographer77,300 BSD+120%
Lab Assistant35,100 BSD+1%
Laboratory Manager65,000 BSD+87%
Laboratory Technician34,800 BSD+0%
Low Vision Therapist81,600 BSD+130%
Mammography Technician36,500 BSD+5%
Medical Coder32,100 BSD-8%
Medical Courier25,500 BSD-27%
Medical Equipment Preparer38,000 BSD+9%
Medical Forms Designer31,600 BSD-9%
Medical Technologist41,900 BSD+20%
MRI Technologist38,300 BSD+10%
Music Therapist55,800 BSD+60%
Neonatologist107,000 BSD+210%
Neurodiagnostic Techncian36,800 BSD+6%
Neuropsychology Testing Assistant34,400 BSD-1%
Nuclear Medical Technician54,100 BSD+56%
Nuclear Medicine Technolgoist51,000 BSD+47%
Nutrition Assistant36,200 BSD+4%
Occupaitional Therapy Assistant40,800 BSD+17%
Operating Room Scheduler36,400 BSD+5%
Operating Room Services Director104,000 BSD+200%
Ophthalmic Assistant39,200 BSD+13%
Ophthalmic Laboratory Technician39,800 BSD+14%
Optician80,800 BSD+130%
Orthopedic Technician39,300 BSD+13%
Orthoptist112,000 BSD+220%
Orthotist103,000 BSD+200%
Pathology Assistant37,600 BSD+8%
Perfusionist124,000 BSD+260%
Phlebotomist29,400 BSD-15%
Pre Authorization Case Manager55,000 BSD+58%
Prosthetist85,900 BSD+150%
Radiation Therapist133,000 BSD+280%
Radiation Therapy Technologist52,600 BSD+51%
Radiographer86,500 BSD+150%
Radiography Technologist53,500 BSD+54%
Radiologic Technologist51,900 BSD+49%
Radiology Technologist54,800 BSD+58%
Respiratory Care Practitioner101,000 BSD+190%
Respiratory Therapist77,300 BSD+120%
Respiratory Therapy Technician45,000 BSD+29%
Sonographer56,500 BSD+62%
Sonography Technologist56,500 BSD+62%
Speech and Language Pathologist83,100 BSD+140%
Ultrasonographer45,200 BSD+30%
Ultrasound Technologist43,100 BSD+24%
Vascular Technologist36,100 BSD+4%
X-Ray Technologist53,700 BSD+54%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bahamas is 10% on average across all career fields.

Private Sector
45,300 BSD
Public Sector+10%
50,000 BSD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Laboratory Technician in Bahamas?

A good and competitive compensation would range anywhere between 31,100 BSD and 35,100 BSD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Laboratory Technician in Bahamas ranges from 26,000 BSD to 35,100 BSD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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

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