Average Salary in Albania 2024

This article explores the salary landscape in Albania, shedding light on various aspects such as the pay scale, wage gap, salary yearly increments, and breakdown over education level or year of experience. By delving into these factors, we aim to provide a comprehensive understanding of Albania's salary structure, enabling individuals to gauge their earning potential against their qualifications and experience. Whether you seek to comprehend the wage differences between different educational backgrounds or wish to gain insights into the salary progression based on years of professional expertise, this article offers valuable information to both job seekers and employers.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Albania in 2024?

What is the average salary in Albania in 2024?
490USD
(USD 5,900 yearly)
Low 220 USD
Average 490 USD
High 2,200 USD
A person working in Albania typically earns around USD 490 per month. Salaries range from USD 220 (lowest average) to USD 2,200 (highest average, actual maximum salary is higher). This is the average 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.
In comparison with average salary in Albania in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 will be conducted by the year's end.

Pay Scale and Salaries in Albania

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,200, 75% of the people earn USD 680 or less. 50% employees earn less USD 480 or less, 25% of the employees earn less than USD 360.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,200, 75% of the people earn USD 680 or less. 50% employees earn less USD 480 or less, 25% of the employees earn less than USD 360.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Albania the minimum salary is USD 220.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Albania the median salary is USD 390.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Albania the salary ranges from USD 220 to USD 2,200.

Annual Salary Increments in Albania

What is the average annual salary increment in the Albania? How frequently do employees receive salary raises?

The year 2024 saw employees in Albania receiving an average salary increment of 0.7%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Albania experienced approximately 0.7% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.7%.

Historical Graph of Annual Salary Increments in Albania

Employees in Albania received in recent years salary increase from 0.7% to 6.7% on average per year. It means 3.5% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in Albania over the past years ranged from 0.7% to 6.7%. On average, this represents a 3.5% increment per year.

Salary Forecast and Trends for the Future in Albania

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.2%. Estimated range is between 1.8% and 5.0%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.2%. Estimated range is between 1.8% and 5.0%.

Gender Wage Gap in Albania

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Albania has an actual wage gap of 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Albania, the actual wage gap amounts to 11.0%.
It's due to many factors, such as:
  • Unequal treatment based on gender.
  • On average, women take 10% more days of paid vacation than men each year.
  • Men are more inclined than women to possess a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
  • Lower-paying occupations are more common among women than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater variety of job opportunities. Along with financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and allows for specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and fosters the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. illustrates a profound commitment to expanding human understanding and forging a transformative and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of about 7%-11%. Expertise and leadership result in higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 7%-11%. Expertise and leadership attain higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Albania

What is the average hourly wage in the Albania?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 13 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks usually connected with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Layoffs, downsizing, or changes in demand can make hourly positions more vulnerable to job insecurity when compared to salaried positions.
  • Limited career advancement: Some hourly positions within the organization may offer limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Albania

What are the best paying jobs in Albania?

List with best paid jobs in AlbaniaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Albania?

  1. Surgeon (USD 2,200)
  2. Doctor (USD 2,000)
  3. Chief Executive Officer (CEO) (USD 1,900)
  4. Registered Nurse Anesthetist (USD 1,800)
  5. Dentist (USD 1,800)
  6. Airline Pilot (USD 1,700)
  7. Intellectual Property Lawyer (USD 1,600)
  8. Marketing Manager (USD 1,500)
  9. Marketing Director (USD 1,500)
  10. Sales Director (USD 1,400)
  11. Sales Manager (USD 1,400)
  12. Petroleum Engineer (USD 1,400)
  13. Brand Manager (USD 1,300)
  14. Marketer (USD 1,300)
  15. Judge (USD 1,300)
  16. Treasurer (USD 1,300)
  17. Controller (USD 1,300)
  18. Pharmacist (USD 1,300)
  19. Tax Lawyer (USD 1,200)
  20. Lawyer (USD 1,200)
List with worst paid jobs in AlbaniaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Albania?

  1. Cashier (USD 230)
  2. Childcare Worker (USD 240)
  3. Stock clerk (USD 250)
  4. Elder Care Worker (USD 250)
  5. Receptionist (USD 260)
  6. Bartender (USD 280)
  7. Food and beverage server (USD 280)
  8. Janitor (USD 280)
  9. Waiter (USD 290)
  10. Tour Guide (USD 290)
  11. Customer Service Representative (USD 350)
  12. Hotel Concierge (USD 350)
  13. Rehabilitation Counselor (USD 360)
  14. Travel Agent (USD 390)
  15. Secretary (USD 400)
  16. Painter (USD 410)
  17. Carpenter (USD 430)
  18. Bus Driver (USD 440)
  19. Artist (USD 440)
  20. Truck Driver (USD 450)
List with best paid industries in AlbaniaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,400)
  2. Business and Management (USD 1,200)
  3. Marketing and Sales (USD 1,100)
  4. Engineering (USD 980)
  5. Law (USD 930)
  6. Accounting and Finance (USD 920)
  7. Computer and Information Technology (USD 910)
  8. Transportation and Logistics (USD 880)
  9. Science (USD 880)
  10. Education and Training (USD 730)
  11. Other (USD 540)
  12. Hospitality and Tourism (USD 450)
  13. Social Services (USD 370)
  14. Services (USD 340)