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Average Salary in Belize 2024

How much money does a person working in Belize make?

Average Monthly Salary
3,930 BZD
( 47,200 BZD yearly)

All salary figures displayed here are per month 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 in Belize typically earns around 3,930 BZD. Salaries range from 990 BZD (lowest average) to 17,500 BZD (highest average, actual maximum salary is higher).

Salary Variance

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

Pay Scale and Salaries in Belize

Median and salary distribution Belize monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
7,520 BZD or more
10% of people earn
5,880 to 7,520 BZD
20% of people earn
2,290 BZD or less
65% of people earn
2,290 to 5,880 BZD
Minimum Salary
990 BZD
3,460 BZD
17,500 BZD

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

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

    Salaries in Belize range from 990 BZD (starting salary) to 17,500 BZD (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 3,460 BZD, which means that 50% of the population in Belize earns less than that while the other half earns more. 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 and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Belize earn less than 2,500 BZD while 75% of them earn more. Also from the diagram, 75% of the population earn less than 5,240 BZD while 25% earn more than that.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Belize. Around 65% of all reported figures are in the range 2,290 BZD to 5,880 BZD. Approximately 20% fall under the 2,290 BZD cap. Ten percent of wages are from 5,880 BZD to 7,520 BZD. Only 5% of people grossed 7,520 BZD or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.

In Belize, employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.

Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.

After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.

These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments.

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.
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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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.

The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?

We conducted a study in Belize comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.

Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.

Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.

Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.

Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job.

Is investing in a Master's degree or an MBA worth it? Is pursuing higher education worth the investment?

Earning a Master's degree or any post-graduate qualification in Belize is a substantial financial commitment, with tuition fees ranging from 19,700 BZD to 59,000 BZD and a duration of around two years. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Salary reviews are typically conducted after completing the program and obtaining the degree.

Many individuals pursue advanced education as a means of transitioning to higher-paying positions, and the statistics indicate that this is an effective strategy. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.

Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year.

Salary and Compensation Comparison By Gender / Belize

Salary comparison by gender Belize monthly
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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? In Belize, the average difference between the salary of male and female employees is 12% across all career fields.

4,180 BZD
3,710 BZD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Belize

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


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

Annual Salary Increment Rate Belize
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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 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 Belize is 2%.

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 in Belize

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Belize
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66% of surveyed staff in Belize reported that they haven't received any bonuses or incentives in the previous year while 34% 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
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.

Bonus Rates Comparison by Career Field

Business Development
Marketing / Advertising
Information Technology
Customer Service
Human Resources

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.

Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant2,780 BZD
Accounting Assistant2,220 BZD
Accounting Manager5,830 BZD
Bookkeeper1,950 BZD
Chartered Accountant3,520 BZD
Corporate Treasurer5,340 BZD
Financial Analyst5,280 BZD
Financial Manager7,950 BZD
Internal Auditor3,790 BZD

Administration / Reception / Secretarial
Administrative Assistant2,180 BZD
Office Manager3,560 BZD
Receptionist1,430 BZD
Secretary1,820 BZD

Advertising / Graphic Design / Events
Art Director3,860 BZD
Creative Director4,070 BZD
Graphic Designer2,620 BZD
Photographer2,180 BZD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer5,170 BZD
Air Traffic Controller4,540 BZD
Flight Attendant2,760 BZD
Pilot6,970 BZD

Architect5,000 BZD
CAD Drafter2,100 BZD

Mechanic1,570 BZD
Service Advisor2,740 BZD

Bank Branch Manager7,090 BZD
Teller1,530 BZD

Teacher2,920 BZD
Translator3,520 BZD

Business Planning
Business Analyst5,140 BZD
Business Development Manager6,480 BZD
Project Manager4,600 BZD

Care Giving and Child Care
Nanny1,600 BZD
Nursery Teacher1,490 BZD

Construction / Building / Installation
Civil Engineer3,590 BZD
Construction Project Manager6,650 BZD
Health and Safety Officer1,850 BZD

Customer Service and Call Center
Call Center Representative1,520 BZD
Customer Service Manager5,470 BZD
Customer Service Representative1,550 BZD

Electrical Engineer4,090 BZD
Engineer3,720 BZD
Mechanical Engineer3,860 BZD

Executive and Management
Chief Executive Officer9,430 BZD
Chief Financial Officer8,130 BZD
General Manager7,080 BZD

Food / Hospitality / Tourism / Catering
Chef2,570 BZD
Executive Chef2,810 BZD
Hotel Manager6,910 BZD
Travel Agent2,530 BZD
Waiter / Waitress1,290 BZD

Health and Medical
Dentist9,290 BZD
Dietitian8,160 BZD
Laboratory Technician3,070 BZD
Nurse3,060 BZD

Human Resources
Human Resources Manager5,830 BZD
Human Resources Officer2,300 BZD

Information Technology
Computer Technician3,140 BZD
Database Administrator4,090 BZD
Developer / Programmer3,810 BZD
Information Technology Manager6,770 BZD
Network Engineer3,590 BZD

Law Enforcement / Security / Fire
Police Officer2,490 BZD

Attorney8,080 BZD
Legal Assistant2,010 BZD

Media / Broadcasting / Arts / Entertainment
Journalist4,630 BZD

Pharmaceutical and Biotechnology
Biomedical Engineer3,240 BZD
Pharmacist5,080 BZD

Sales Retail and Wholesale
Cashier1,450 BZD
Sales Manager6,750 BZD
Sales Representative2,600 BZD

Teaching / Education
Elementary School Teacher2,790 BZD
Secondary School Teacher3,240 BZD

Average Hourly Wage in Belize

23 BZD per hour

The average hourly wage (pay per hour) for all employees in Belize is 23 BZD.This is the rate that the average individual gets 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 a person in Belize is 6 BZD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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 Belize is 21% on average across all career fields.

Private Sector
3,580 BZD
Public Sector+21%
4,330 BZD
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 in Belize?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Belize would range anywhere between 3,460 BZD and 5,240 BZD.

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 in Belize ranges from 990 BZD to 2,500 BZD. The base salary depends on many factors including profession, 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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