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Average Salary in Korca 2023

How much money does a person working in Korca make?


Average Monthly Salary
95,700 ALL
( 1,150,000 ALL yearly)

LOW
24,200
ALL
AVERAGE
95,700
ALL
HIGH
427,000
ALL

A person working in Korca typically earns around 95,700 ALL per month. Salaries range from 24,200 ALL (lowest average) to 427,000 ALL (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.

Pay Scale and Salaries in Korca

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

5% of people earn
178,000 ALL or more
10% of people earn
139,000 to 178,000 ALL
20% of people earn
54,200 ALL or less
65% of people earn
54,200 to 139,000 ALL
Minimum Salary
24,200 ALL
Median
81,600 ALL
Maximum
427,000 ALL


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

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Korca range from 24,200 ALL per month (starting salary) to 427,000 ALL per month (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 81,600 ALL per month, which means that half (50%) of the population are earning less than 81,600 ALL while the other half are earning more than 81,600 ALL. 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 are earning less than 58,900 ALL while 75% of them are earning more than 58,900 ALL. Also from the diagram, 75% of the population are earning less than 124,000 ALL while 25% are earning more than 124,000 ALL.

  • 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 on how salaries are actually distributed. Around 65% of all reported figures are in the range 54,200 ALL to 139,000 ALL. Approximatly 20% fall under the 54,200 ALL cap. Ten percent of wages are from 139,000 ALL to 178,000 ALL. Only 5% of people grossed 178,000 ALL 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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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
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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 Albania costs anywhere from 480,000 Lek(s) to 1,440,000 Lek(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 and Compensation Comparison By Gender

Salary comparison by gender Albania 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? Male employees in Albania earn 7% more than their female counterparts on avergae across all sectors.

Male
100,000 ALL
Female-7%
93,200 ALL
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Albania

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

Albania

Employees in Albania are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Albania
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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 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 Albania is 2%.

Annual Increment Rate By Industry 2022

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

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


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

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 Albania

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Albania
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67% of surveyed staff in Albania reported that they haven't received any bonuses or incentives in the previous year while 33% 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
33%
No Bonus
67%

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.

Salary Trend and Forecast in Albania

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

Average Salary 2019
85,300 ALL
Average Salary 2020+4%
88,400 ALL
Average Salary 2021+2%
90,100 ALL
Average Salary 2022+3%
92,600 ALL
Percentage increase and decrease are relative to the previous value

Salaries in Albania are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Albania
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Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant68,400 ALL
Accounting Assistant54,600 ALL
Accounting Manager142,000 ALL
Bookkeeper45,200 ALL
Chartered Accountant88,700 ALL
Corporate Treasurer132,000 ALL
Financial Analyst125,000 ALL
Financial Manager191,000 ALL
Internal Auditor88,300 ALL

Administration / Reception / Secretarial
Administrative Assistant51,300 ALL
Office Manager89,000 ALL
Receptionist38,100 ALL
Secretary45,000 ALL

Advertising / Grapic Design / Events
Art Director102,000 ALL
Creative Director95,200 ALL
Graphic Designer60,300 ALL
Photographer55,200 ALL

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer128,000 ALL
Air Traffic Controller112,000 ALL
Flight Attendant65,900 ALL
Pilot164,000 ALL

Architecture
Architect116,000 ALL
CAD Drafter48,000 ALL

Automotive
Mechanic37,500 ALL
Service Advisor64,800 ALL

Banking
Bank Branch Manager175,000 ALL
Teller38,400 ALL

Bilingual
Teacher73,700 ALL
Translator88,700 ALL

Business Planning
Business Analyst127,000 ALL
Business Development Manager151,000 ALL
Project Manager115,000 ALL

Care Giving and Child Care
Nanny41,200 ALL
Nursery Teacher38,100 ALL

Construction / Building / Installation
Civil Engineer90,900 ALL
Construction Project Manager168,000 ALL
Health and Safety Officer44,500 ALL

Customer Service and Call Center
Call Center Representative35,900 ALL
Customer Service Manager139,000 ALL
Customer Service Representative35,600 ALL

Engineering
Electrical Engineer92,800 ALL
Engineer92,700 ALL
Mechanical Engineer92,100 ALL

Executive and Management
Chief Executive Officer225,000 ALL
Chief Financial Officer206,000 ALL
General Manager180,000 ALL

Food / Hospitality / Tourism / Catering
Chef58,600 ALL
Executive Chef70,400 ALL
Hotel Manager184,000 ALL
Travel Agent58,900 ALL
Waiter / Waitress30,000 ALL

Health and Medical
Dentist234,000 ALL
Dietitian190,000 ALL
Laboratory Technician73,100 ALL
Nurse75,300 ALL

Human Resources
Human Resources Manager150,000 ALL
Human Resources Officer58,500 ALL

Information Technology
Computer Technician73,300 ALL
Database Administrator96,500 ALL
Developer / Programmer98,100 ALL
Information Technology Manager154,000 ALL
Network Engineer80,700 ALL

Law Enforcement / Security / Fire
Police Officer60,300 ALL

Legal
Attorney191,000 ALL
Legal Assistant52,300 ALL

Media / Broadcasting / Arts / Entertainment
Journalist114,000 ALL

Pharmaceutical and Biotechnology
Biomedical Engineer84,000 ALL
Pharmacist127,000 ALL

Sales Retail and Wholesale
Cashier35,300 ALL
Sales Manager162,000 ALL
Sales Representative62,100 ALL

Teaching / Education
Elementary School Teacher65,900 ALL
Secondary School Teacher77,000 ALL

Average Hourly Wage in Korca


550 ALL per hour

The average hourly wage (pay per hour) in Korca is 550 ALL. This means that the average person in Korca earns approximately 550 ALL 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 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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Korca is 140 ALL. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Korca VS Albania

Salary Comparison Between Korca and Albania monthly
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We compared salaries in Korca and Albania and we found that Korca salaries are 0% less than those of Albania.

Salary Comparison By City

CityAverage Salary
Berat93,300 ALL
Durres105,000 ALL
Elbasan101,000 ALL
Fier97,500 ALL
Gjirokaster91,700 ALL
Korca95,700 ALL
Lezhe88,300 ALL
Sarande90,000 ALL
Shkodra99,800 ALL
Tirana107,000 ALL
Vlore104,000 ALL

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Albania earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
91,300 ALL
Public Sector+14%
104,000 ALL
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 Korca?

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 Korca would range anywhere between 81,600 ALL and 124,000 ALL.

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 salart after tax for every career.

Base / Basic Salary

The base salary in Korca is ranges from 58,900 ALL to 124,000 ALL. 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 in 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 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


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