Average Salaries in Cyprus in 2023 Revealed
Cyprus, a country located in the European Union, is known for its thriving economy and attractive job opportunities. In this article, we will analyze the minimum and average wage levels in Cyprus in 2023. Additionally, we will provide an overview of the average salaries in various professions to give readers an idea of earning potential in different fields.
Average salary in Cyprus:
According to official data from the Statistical Service of Cyprus, the average monthly salary in 2023 is €2217 before tax deductions. While this figure is relatively lower compared to neighboring countries in the European Union, it is important to consider the cost of living and other economic factors.
Minimum wage in Cyprus:
As of January 2023, the minimum wage in Cyprus is set at €940 per month. However, employers have the right to pay only €885 during the first six months. This minimum wage provides a basic level of income for workers, but it is important to note that skilled professionals can earn significantly more.
Comparison table of salary levels in different fields in Cyprus (€/month):
|Accountant||€1500 – €3000|
|Call Center Consultant||€1500|
It is also important to note that salary levels can vary depending on the employee’s level of qualification. In some fields, highly skilled employees can earn up to €10,000 per month. These figures provide an overview of earning potential in various sectors and can serve as a guide for specialists seeking employment in Cyprus.
The average gross monthly salary of employees in the first quarter of 2023 was €2,217, which is 7.2% higher than in the first quarter of 2022.
The seasonally adjusted average gross monthly salary in the first quarter of 2023 is estimated at €2,289, which is 2.5% higher than in the fourth quarter of 2022.
The average gross monthly salary for men in the first quarter of 2023 was €2,376, while for women it was €2,016. Compared to the first quarter of 2022, the average salary for men increased by 7.3% and for women by 6.7%.
Although salary levels in Cyprus may be slightly lower compared to neighboring European Union countries, it is important to consider the favorable work-life balance, quality of life, and other advantages that Cyprus offers. Earning potential in Cyprus varies depending on the profession, and highly skilled professionals have the opportunity to earn significant incomes. Ultimately, the decision to work in Cyprus should take into account its unique advantages as a place of employment.