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Information Technology Average Salaries in Cyprus 2023

How much money does a person working in Information Technology make in Cyprus?

Average Monthly Salary
2,230 EUR
( 26,700 EUR 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 Information Technology in Cyprus typically earns around 2,230 EUR. Salaries range from 1,130 EUR (lowest average) to 3,540 EUR (highest average, actual maximum salary is higher).

Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Information Technology domain in Cyprus exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Information Technology
2nd Line Systems Engineer2,030 EUR
A/B Testing Specialist1,760 EUR
ABAP Developer1,940 EUR
Advertising Account Planner1,800 EUR
Amazon Web Services Specialist2,530 EUR
Android Developer1,970 EUR
Angular Developer1,900 EUR
Angular JS Programmer1,770 EUR
Application Consultant2,510 EUR
Application Developer2,170 EUR
Application Management Analyst2,100 EUR
Applications Engineer1,720 EUR
Applications Support1,470 EUR
Applications System Specialist1,860 EUR
Artificial Intelligence / Machine Learning Analyst2,200 EUR
Artificial Intelligence / Machine Learning Developer2,220 EUR
Artificial Intelligence / Machine Learning Ethics Officer2,540 EUR
Artificial Intelligence / Machine Learning Governance Specialist2,970 EUR
Artificial Intelligence / Machine Learning Implementation Officer2,870 EUR
Artificial Intelligence / Machine Learning Lead3,170 EUR
Artificial Intelligence / Machine Learning Officer2,970 EUR
Artificial Intelligence / Machine Learning Prompt Specialist1,890 EUR
Artificial Intelligence / Machine Learning Research Scientist2,810 EUR
Artificial Intelligence / Machine Learning Sales2,230 EUR
Artificial Intelligence / Machine Learning Software Engineer2,340 EUR
Artificial Intelligence / Machine Learning Strategist3,000 EUR
Artificial Intelligence / Machine Learning Trainer2,280 EUR
Artificial Intelligence and Machine Learning Specialist2,450 EUR
Artificial Intelligence Developer2,590 EUR
AS400 Programmer2,260 EUR
Assembly Developer2,090 EUR
Assistant Information Technology Manager2,520 EUR
Assistant Information Technology Project Manager2,420 EUR
Assistant Service Delivery Manager2,380 EUR
Avaloq Developer2,020 EUR
Back End Developer2,150 EUR
Big Data Architect2,380 EUR
BigQuery Specialist2,660 EUR
BizTalk Developer 2,170 EUR
Blockchain Associate2,060 EUR
Blockchain Developer1,840 EUR
Blockchain Engineer2,020 EUR
Build and Release Engineer1,980 EUR
Business Intelligence Analyst2,200 EUR
Business Intelligence Consultant3,000 EUR
Business Intelligence Developer2,200 EUR
Business Intelligence Manager2,930 EUR
Business Objects Developer2,010 EUR
Business Process Analyst2,110 EUR
Business Process Consultant2,190 EUR
Business Systems Analyst1,870 EUR
C Developer2,350 EUR
C# Developer2,190 EUR
C++ Developer2,330 EUR
Capacity Planning Manager2,750 EUR
Cassandra Specialist2,100 EUR
Change Administrator1,870 EUR
Chatbot Developer1,950 EUR
ChatGPT Expert1,820 EUR
Chief Artificial Intelligence Officer3,450 EUR
Chief Cloud Officer3,000 EUR
Chief Data Governance Officer3,250 EUR
Chief Data Officer3,160 EUR
Chief Digital Ethics Officer2,850 EUR
Chief Digital Officer2,960 EUR
Chief Information Officer3,530 EUR
Chief Information Security Officer3,160 EUR
Chief Innovation Officer2,810 EUR
Chief Privacy Officer2,480 EUR
Client Delivery Manager2,780 EUR
Clojure Developer2,560 EUR
Cloud Compliance Architect2,000 EUR
Cloud Computing Specialist2,400 EUR
Cloud Infrastructure Engineer2,040 EUR
Cloud Migration Specialist2,330 EUR
Cloud Security Architect2,130 EUR
Cloud Services Engineer1,900 EUR
Cloud Solutions Architect2,370 EUR
Cloud-Based Inventory Manager2,200 EUR
CMS Developer1,810 EUR
Computer Animator1,780 EUR
Computer Engineer1,720 EUR
Computer Hardware Engineer1,810 EUR
Computer Network Support Specialist1,980 EUR
Computer Networks Architect2,080 EUR
Computer Operator1,470 EUR
Computer Programmer2,080 EUR
Computer Security Specialist2,600 EUR
Computer Support Specialist1,630 EUR
Computer Technician1,620 EUR
Computer Virtualization Implementation Specialist2,180 EUR
Copy Editor1,650 EUR
Cosmos DB Specialist2,040 EUR
Couch DB Specialist2,050 EUR
CRM Application Administrator1,960 EUR
CRM Manager2,180 EUR
Cross Platform Security Manager2,800 EUR
Curam Developer1,680 EUR
Cyber Security Consultant2,440 EUR
Cyber Security Researcher2,530 EUR
Cyber Security Specialist2,490 EUR
Cybersecurity Analyst2,360 EUR
Cybersecurity Architect2,250 EUR
Cybersecurity Compliance Specialist2,090 EUR
Cybersecurity Engineer2,120 EUR
Cybersecurity Manager3,080 EUR
Dart Developer1,470 EUR
Data Analyst2,010 EUR
Data Analytics Engineer1,900 EUR
Data Architect2,050 EUR
Data Center Specialist2,090 EUR
Data Center Technician1,760 EUR
Data Entry Coordintor1,150 EUR
Data Entry Supervisor1,400 EUR
Data Governance Manager2,760 EUR
Data Management Specialist2,390 EUR
Data Manager2,580 EUR
Data Modeling Analyst2,080 EUR
Data Privacy and Protection Manager2,610 EUR
Data Quality Analyst1,950 EUR
Data Security Analyst1,960 EUR
Data Security Manager2,740 EUR
Data Technician1,240 EUR
Data Visualisation Analyst1,930 EUR
Data Visualization Specialist2,040 EUR
Data Warehousing Manager2,630 EUR
Data Warehousing Specialist1,990 EUR
Data-driven Designer1,870 EUR
Database Administration Manager2,620 EUR
Database Administrator2,060 EUR
Database Analyst2,260 EUR
Database Developer2,110 EUR
Database Report Writer2,060 EUR
Deep Learning Developer2,040 EUR
Delivery Manager2,050 EUR
Delphi Developer2,150 EUR
Desktop Support Engineer1,500 EUR
Desktop Support Technician1,500 EUR
Desktop Virtualization Engineer1,770 EUR
Developer / Programmer2,080 EUR
Developer Evangelist2,090 EUR
Development Architect1,910 EUR
Development Group Supervisor2,190 EUR
Development Manager2,900 EUR
DevOps Engineer1,980 EUR
Digital Ethics Consultant2,240 EUR
Digital Forensics Expert2,160 EUR
Director of Application Development3,100 EUR
Director of Technology3,610 EUR
Disaster Recovery Analyst2,060 EUR
Disaster Recovery Specialist1,950 EUR
Django Specialist2,000 EUR
Documentation Specialist1,820 EUR
Driver Developer2,100 EUR
E-Commerce Manager2,480 EUR
E-Commerce Marketing Analyst2,510 EUR
E-Commerce Marketing Manager2,620 EUR
E-Commerce Sales Manager2,610 EUR
E-Commerce Strategy Manager2,920 EUR
E-waste Recycling Specialist1,930 EUR
E-waste Technician1,520 EUR
Edge Computing Engineer1,950 EUR
Elixir Developer2,770 EUR
Embedded Software Developer2,240 EUR
Enterprise Architecture Manager2,510 EUR
Enterprise Infrastructure Architect2,670 EUR
Enterprise Infrastructure Manager3,260 EUR
Erlang Developer2,520 EUR
ERP / CRM Technical Consultant2,190 EUR
ERP Analyst2,110 EUR
ERP Project Manager2,730 EUR
Ethical Hacker1,810 EUR
Financial Systems Manager3,130 EUR
Firebird Specialist1,920 EUR
Flash Developer1,700 EUR
Front End Developer1,740 EUR
Front End Web Developer1,730 EUR
Full Stack Developer2,070 EUR
Functional Analyst2,140 EUR
Game Developer1,930 EUR
GIS Analyst1,930 EUR
GIS Developer2,020 EUR
Global BI Analyst2,320 EUR
Go Developer2,640 EUR
Google Cloud Specialist2,460 EUR
Graphical User Interface ( GUI ) Programmer1,830 EUR
Graphics Programmer1,800 EUR
Graphics Web Designer1,670 EUR
Groovy Developer2,340 EUR
Hardware Design Engineer2,000 EUR
Hardware Engineering Manager2,970 EUR
Hardware Technician1,530 EUR
Haskell Developer2,160 EUR
Head of Development2,900 EUR
Head of Information Technology3,430 EUR
Help Desk Analyst2,060 EUR
Help Desk Manager2,280 EUR
Help Desk Support1,480 EUR
Help Desk Technician1,440 EUR
Helpdesk Manager2,270 EUR
IBM DB2 Specialist1,860 EUR
Imaging Programmer1,750 EUR
InfluxDB Specialist1,960 EUR
Informatics Optimization Specialist2,110 EUR
Information Assurance Analyst2,160 EUR
Information Program Director2,960 EUR
Information Security Administrator2,350 EUR
Information Security Analyst2,430 EUR
Information Security Associate2,020 EUR
Information Security Director2,890 EUR
Information Security Engineer2,040 EUR
Information Security Manager2,920 EUR
Information Security Specialist2,540 EUR
Information Services Consultant2,410 EUR
Information Systems Developer1,990 EUR
Information Systems Manager3,220 EUR
Information Systems Penetration Testing Specialist2,250 EUR
Information Systems Vulnerability Assessment Specialist2,420 EUR
Information Technology Administrator1,660 EUR
Information Technology Analyst2,030 EUR
Information Technology Architect2,170 EUR
Information Technology Asset Manager2,820 EUR
Information Technology Business Analyst2,160 EUR
Information Technology Compliance Manager2,890 EUR
Information Technology Consultant2,380 EUR
Information Technology Coordinator1,720 EUR
Information Technology Director3,580 EUR
Information Technology Engineer1,780 EUR
Information Technology Executive2,840 EUR
Information Technology Helpdesk1,400 EUR
Information Technology Infrastructure Engineer1,750 EUR
Information Technology Manager3,510 EUR
Information Technology Operation Engineer1,830 EUR
Information Technology Operations Manager3,220 EUR
Information Technology Product Manager2,950 EUR
Information Technology Project Administrator1,740 EUR
Information Technology Project Coordinator2,180 EUR
Information Technology Project Leader2,410 EUR
Information Technology Project Manager3,270 EUR
Information Technology Quality Assurance Manager2,400 EUR
Information Technology Quality Assurance Team Lead (QA)2,160 EUR
Information Technology Quality Specialist2,120 EUR
Information Technology Risk Manager3,230 EUR
Information Technology Sales Manager2,890 EUR
Information Technology Specialist2,560 EUR
Information Technology Staff1,450 EUR
Information Technology Support1,410 EUR
Information Technology Systems Analyst2,290 EUR
Information Technology Team Leader2,400 EUR
Information Technology Trainer2,040 EUR
Information Technology Training Analyst2,020 EUR
Interface Design Manager2,700 EUR
Interface Designer1,620 EUR
IOS Developer2,280 EUR
Java Developer2,290 EUR
Javascript Developer2,080 EUR
jQuery Specialist2,110 EUR
Kotlin Developer2,320 EUR
Laravel Specialist1,860 EUR
Lead Developer2,420 EUR
Linux Administrator2,060 EUR
Lisp Developer2,520 EUR
Lotus Domino Administrator2,200 EUR
Lotus Notes Developer2,000 EUR
Lua Developer2,430 EUR
Mail Server Administrator1,980 EUR
Major Incident Manager2,360 EUR
Malware Analysis Expert2,280 EUR
Managed Service Specialist2,040 EUR
MariaDB Specialist2,130 EUR
MATLAB Developer2,110 EUR
Microsoft Azure Specialist2,470 EUR
Microsoft SQL Server Specialist2,150 EUR
Microsystems Engineer2,130 EUR
Mobile Developer2,040 EUR
Mobile Interface Designer2,030 EUR
MongoDB Specialist2,070 EUR
Multimedia Developer1,770 EUR
Multimedia Services Manager2,240 EUR
MySQL Specialist1,840 EUR
Neo4J Specialist2,010 EUR
Network Administration Team Lead2,420 EUR
Network Administrator1,740 EUR
Network Analyst1,950 EUR
Network and Infrastructure Manager3,050 EUR
Network Engineer1,790 EUR
Network Engineering Manager2,460 EUR
Network Security Systems Manager2,510 EUR
Network Specialist2,100 EUR
Network Support Engineer1,720 EUR
Network Support Specialist1,680 EUR
Network Technician1,590 EUR
Neural Network Engineer2,300 EUR
NextJs Specialist2,080 EUR
Nodejs Developer2,250 EUR
NT Systems Administrator1,870 EUR
Numerical Control Programmer1,680 EUR
Objective-C Developer2,370 EUR
Online Banking Manager3,260 EUR
Online Banking Specialist2,570 EUR
OPS Manager2,750 EUR
Oracle Database Administrator2,000 EUR
Oracle Database Specialist2,370 EUR
Oracle Developer2,120 EUR
Perl Developer1,820 EUR
PHP Developer1,820 EUR
PostgreSQL Specialist2,230 EUR
PowerShell Developer1,830 EUR
Principal Consultant2,120 EUR
Principal Data Engineer2,160 EUR
Program Lead2,680 EUR
Python Developer2,260 EUR
R Language Developer2,240 EUR
React Specialist2,260 EUR
Records Manager1,720 EUR
Redis Specialist2,010 EUR
Remedy Developer1,630 EUR
Reporting Analyst2,080 EUR
Reverse Engineering Expert2,390 EUR
Robotic Process Automation Compliance Analyst1,960 EUR
Robotic Process Automation Developer1,790 EUR
Ruby Developer1,940 EUR
Rust Developer2,530 EUR
Salesforce Administrator2,040 EUR
Salesforce Developer1,610 EUR
SAP Consultant2,180 EUR
SAS Programmer1,790 EUR
Scala Developer2,550 EUR
Scrum Master1,710 EUR
SEO Associate1,690 EUR
SEO Manager2,590 EUR
Server Virtualization Consultant2,700 EUR
Service Delivery Manager2,600 EUR
Service Level Manager2,670 EUR
Service Support Lead1,990 EUR
SharePoint Administrator1,940 EUR
Sharepoint Consultant2,050 EUR
Sharepoint Developer2,090 EUR
Shift Leader2,200 EUR
Snowflake Specialist2,130 EUR
SOA Analyst2,000 EUR
SOC Engineer2,060 EUR
Software Analyst1,990 EUR
Software Architect2,050 EUR
Software Automation Engineer2,190 EUR
Software Developer2,160 EUR
Software Development Manager2,770 EUR
Software Engineer1,980 EUR
Software QA Engineer1,840 EUR
Software Sales1,820 EUR
Software Specialist1,730 EUR
Software Support Engineer1,640 EUR
Software Test Engineer1,840 EUR
Software Tester1,750 EUR
Solutions Architect2,730 EUR
Solutions Consultant2,360 EUR
SQLite Specialist2,070 EUR
Storage Engineer1,680 EUR
Supabase Specialist1,640 EUR
Supervisor1,430 EUR
Support Analyst1,880 EUR
Support Specialist2,200 EUR
Support Team Leader1,880 EUR
Swift Developer2,340 EUR
System Administrator1,790 EUR
Systems Analyst2,040 EUR
Systems Architect2,010 EUR
Systems Consultant2,540 EUR
Systems Engineer1,610 EUR
Systems Integration Analyst2,110 EUR
Systems Integration Specialist2,830 EUR
Systems Integrator2,060 EUR
Technical Analyst1,860 EUR
Technical Consultant2,290 EUR
Technical Manager2,290 EUR
Technical Project Manager2,710 EUR
Technical Sales2,060 EUR
Technical Trainer2,080 EUR
Technical Writer1,920 EUR
Technology Business Analyst2,170 EUR
Technology Director3,340 EUR
Technology Specialist2,460 EUR
Technology Vice President2,860 EUR
Teradata Developer1,720 EUR
Test Analyst1,940 EUR
Tester1,730 EUR
Testing Manager2,820 EUR
TIBCO Developer1,770 EUR
TypeScript Developer2,280 EUR
UI Engineer2,040 EUR
UNIX Administrator2,110 EUR
Usability Engineer1,880 EUR
User Experience Consultant2,220 EUR
User Experience Design Expert2,180 EUR
User Experience Designer1,810 EUR
User Experience Researcher2,100 EUR
User Interface Designer2,020 EUR
User Support Engineer1,780 EUR
VB Developer1,670 EUR
VB.NET Developer2,120 EUR
Video Game Designer1,870 EUR
Virtual / Augmented Reality Architect2,470 EUR
Virtual / Augmented Reality Compliance Specialist2,550 EUR
Virtual / Augmented Reality Consultant2,760 EUR
Virtual / Augmented Reality Designer2,730 EUR
Virtual / Augmented Reality Developer2,300 EUR
Virtual / Augmented Reality Director2,920 EUR
Virtual / Augmented Reality Engineer2,360 EUR
Virtual / Augmented Reality Filmmaker2,890 EUR
Virtual / Augmented Reality Game Developer2,480 EUR
Virtual / Augmented Reality Marketing Specialist2,520 EUR
Virtual / Augmented Reality Officer2,800 EUR
Virtual / Augmented reality Sales Consultant2,870 EUR
Virtual / Augmented Reality Simulator Operator2,020 EUR
Virtual / Augmented Reality Specialist2,620 EUR
Virtual / Augmented Reality Technician2,140 EUR
Virtual / Augmented Reality Trainer2,710 EUR
Virtual / Augmented Reality User Experience Designer2,210 EUR
Visual Basic Developer1,530 EUR
Visual Information Specialist1,920 EUR
Voice Interface Designer1,580 EUR
VueJs Specialist2,000 EUR
Web Applications Manager2,380 EUR
Web Content Specialist2,230 EUR
Web Designer1,880 EUR
Web Developer1,830 EUR
Web Editor1,620 EUR
Web Project Manager2,230 EUR
Web Promotions Specialist2,040 EUR
Web Security Administrator2,030 EUR
Web Security Manager3,100 EUR
Web Support Analyst1,600 EUR
Web Writer1,610 EUR
Webmaster1,790 EUR
Windows System Administrator1,810 EUR
Wireless Consultant2,400 EUR
WordPress Specialist2,040 EUR
Writer and Documentor1,830 EUR
Zig Developer2,600 EUR

Information Technology Jobs Pay Scale and Salaries in Cyprus

Median and salary distribution Cyprus Information Technology monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,030 EUR or more
10% of people earn
1,800 to 2,030 EUR
20% of people earn
1,280 EUR or less
65% of people earn
1,280 to 1,800 EUR
Minimum Salary
1,130 EUR
2,000 EUR
3,540 EUR

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 Information Technology in Cyprus range from 1,130 EUR (starting average salary) to 3,540 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Information Technology is 2,000 EUR, implying that half of the workforce in Cyprus earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Information Technology in Cyprus earn less than 1,650 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 2,290 EUR, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Information Technology in Cyprus. The analysis revealed that roughly 65% of all reported salaries fell within the range of 1,280 EUR to 1,800 EUR. Approximately 20% of salaries were below the 1,280 EUR mark, while 10% ranged from 1,800 EUR to 2,030 EUR. Only 5% of individuals earned a gross salary of 2,030 EUR or higher.

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 in Information Technology in Cyprus 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.

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.

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.

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 degree levels across many jobs in Information Technology in Cyprus, below are our findings.

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 certificate 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 Cyprus costs anywhere from 10,900 EUR to 32,600 EUR and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

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

Salary and Compensation Comparison By Gender / Information Technology / Cyprus

Salary comparison by gender Cyprus Information Technology 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 the field of Information Technology in Cyprus, the average difference between the salary of male and female employees is 6%.

2,290 EUR
2,150 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cyprus for all Careers

Salary comparison by gender monthly Cyprus
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Average Annual Salary Increment Percentage / Information Technology / Cyprus

How much are annual salary increments in Cyprus for individuals working in Information Technology? How often do employees get salary raises?

Professionals working in Information Technology in Cyprus are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Cyprus Information Technology
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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.

Cyprus / All Professions

Annual Salary Increment Rate Cyprus
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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 Cyprus 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 / Information Technology / Cyprus

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cyprus Information Technology
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68% of surveyed staff in Information Technology reported that they haven't received any bonuses or incentives in the previous year while 32% 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
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.

Hourly Average Wage / Information Technology / Cyprus

13 EUR per hour

The average hourly wage (pay per hour) in Information Technology in Cyprus is 13 EUR.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 in Information Technology in Cyprus is 7 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Larnaka1,960 EUR
Limassol2,320 EUR
Nicosia2,150 EUR

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 Cyprus is 18% on average across all career fields.

Private Sector
1,950 EUR
Public Sector+18%
2,300 EUR
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 Information Technology in Cyprus?

A good and competitive compensation would range anywhere between 2,000 EUR and 2,290 EUR. 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 jobs in Information Technology in Cyprus ranges from 1,130 EUR to 1,650 EUR. 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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