Average Salary in Andorra 2024

Discover the intriguing salary dynamics in Andorra! Delve into the comprehensive analysis of the country's pay scale, wage gap, salary yearly increments, and breakdown over education level or years of experience. This enlightening article provides valuable insights into the intriguing interplay between salaries and various factors, making it a must-read for anyone interested in understanding the intricacies of Andorra's salary landscape.
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 Andorra in 2024?

What is the average salary in Andorra in 2024?
2,500EUR
(EUR 29,300 yearly)
Low 1,100 EUR
Average 2,500 EUR
High 10,800 EUR
A person working in Andorra typically earns around EUR 2,500 per month. Salaries range from EUR 1,100 (lowest average) to EUR 10,800 (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 Andorra in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. A detailed comparison of 2023 and 2024 will be available at the end of the year.

Pay Scale and Salaries in Andorra

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than EUR 10,800, 75% of the people earn EUR 3,400 or less. 50% employees earn less EUR 2,400 or less, 25% of the employees earn less than EUR 1,800.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than EUR 10,800, 75% of the people earn EUR 3,400 or less. 50% employees earn less EUR 2,400 or less, 25% of the employees earn less than EUR 1,800.

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 Andorra the minimum salary is EUR 1,100.

Median Salary

Located in Andorra, the median salary is EUR 2,000, signifying the middle point of all salaries in a dataset. This measurement offers a more equitable representation of income distribution and is widely used to gauge average earnings in various professions and industries.

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 Andorra the salary ranges from EUR 1,100 to EUR 10,800.

Annual Salary Increments in Andorra

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

Employees in Andorra experienced an average salary increase of 0.9% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Andorra witnessed an average salary growth of 0.9%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Andorra

On an average, employees in Andorra have received a salary increase ranging from 0.9% to 8.0% per year in recent years. This translates to an average increment of 3.8% per year.Download chartGet chart linkShare on FacebookShare on Twitter
In recent years, the salary of employees in Andorra has witnessed an average yearly increase of 3.8%. This corresponds to a range of 0.9% to 8.0% increment per year.

Salary Forecast and Trends for the Future in Andorra

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 4.1%. Estimated range is between 2.2% and 6.3%.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 4.1%. Estimated range is between 2.2% and 6.3%.

Gender Wage Gap in Andorra

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

The gender pay gap in Andorra is currently 9.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The wage gap in Andorra currently stands at 9.0%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women take 10% more days of paid vacation than men each year.
  • Compared to men, women are less likely to hold a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • Women tend to gravitate towards lower-paying occupations more than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider 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 receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Alongside financial advantages, pursuing a bachelor's degree fosters personal growth, develops critical thinking skills, and offers the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and promotes the cultivation 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. manifests a strong passion for learning and advancing society through a rewarding 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 16%-20% 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 close to 10%-14%. Expertise and leadership receive higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% 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 16%-20% 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 around 10%-14%. Expertise and leadership garner 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 18%-22% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Andorra

What is the average hourly wage in the Andorra?

Average Hourly Wage
14EUR
Low 6 EUR
Average 14 EUR
High 63 EUR

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

  • Income instability: The irregular or fluctuating income from hourly wages can make 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 typically associated 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 disturb work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Hourly positions have a higher risk of job insecurity compared to salaried positions because of their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: In certain cases, hourly positions may have limited prospects for career progression, professional development, or upward mobility within the organization.
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 Andorra

What are the best paying jobs in Andorra?

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

Highest paying jobs Andorra?

  1. Surgeon (EUR 10,700)
  2. Doctor (EUR 9,700)
  3. Chief Executive Officer (CEO) (EUR 9,200)
  4. Registered Nurse Anesthetist (EUR 9,000)
  5. Dentist (EUR 8,600)
  6. Airline Pilot (EUR 8,300)
  7. Intellectual Property Lawyer (EUR 8,000)
  8. Marketing Manager (EUR 7,100)
  9. Marketing Director (EUR 7,100)
  10. Sales Director (EUR 6,700)
  11. Sales Manager (EUR 6,700)
  12. Petroleum Engineer (EUR 6,600)
  13. Brand Manager (EUR 6,500)
  14. Marketer (EUR 6,500)
  15. Judge (EUR 6,400)
  16. Treasurer (EUR 6,300)
  17. Controller (EUR 6,300)
  18. Pharmacist (EUR 6,100)
  19. Tax Lawyer (EUR 6,000)
  20. Lawyer (EUR 6,000)
List with worst paid jobs in AndorraDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Andorra?

  1. Cashier (EUR 1,200)
  2. Childcare Worker (EUR 1,300)
  3. Stock clerk (EUR 1,300)
  4. Elder Care Worker (EUR 1,300)
  5. Receptionist (EUR 1,300)
  6. Bartender (EUR 1,400)
  7. Food and beverage server (EUR 1,400)
  8. Janitor (EUR 1,500)
  9. Waiter (EUR 1,500)
  10. Tour Guide (EUR 1,500)
  11. Customer Service Representative (EUR 1,800)
  12. Hotel Concierge (EUR 1,800)
  13. Rehabilitation Counselor (EUR 1,800)
  14. Travel Agent (EUR 2,000)
  15. Secretary (EUR 2,000)
  16. Painter (EUR 2,100)
  17. Carpenter (EUR 2,200)
  18. Bus Driver (EUR 2,200)
  19. Artist (EUR 2,200)
  20. Truck Driver (EUR 2,300)
List with best paid industries in AndorraDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (EUR 6,800)
  2. Business and Management (EUR 5,800)
  3. Marketing and Sales (EUR 5,400)
  4. Engineering (EUR 5,000)
  5. Law (EUR 4,700)
  6. Accounting and Finance (EUR 4,700)
  7. Computer and Information Technology (EUR 4,600)
  8. Transportation and Logistics (EUR 4,500)
  9. Science (EUR 4,400)
  10. Education and Training (EUR 3,700)
  11. Other (EUR 2,700)
  12. Hospitality and Tourism (EUR 2,300)
  13. Social Services (EUR 1,900)
  14. Services (EUR 1,700)