Average Salary in Belize 2024

Discover the salary landscape in Belize as we delve into various aspects such as the pay scale, wage gap, yearly increments, and breakdowns based on education level or years of experience. Gain valuable insights into the local job market, and learn how salaries vary across different professions and sectors. Stay ahead of the game by understanding the factors that influence salary disparities and explore strategies to bridge the wage gap. Whether you're a job seeker or an employer, this article provides essential information to help you navigate the dynamic realm of salaries in Belize.
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 Belize in 2024?

What is the average salary in Belize in 2024?
980USD
(USD 11,700 yearly)
Low 440 USD
Average 980 USD
High 4,300 USD
The average salary in Belize is typically USD 980 per month. However, salaries can vary greatly, ranging from USD 440 (lowest average) to USD 4,300 (highest average, actual maximum salary is higher). These figures include housing, transport, and other benefits. Different careers offer significantly diverse salary opportunities. If you wish to explore salaries for specific job titles, they are listed below.
In comparison with average salary in Belize in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. A complete comparison between 2023 and 2024 will be available at the end of this year.

Pay Scale and Salaries in Belize

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 4,300, 75% of the people earn USD 1,400 or less. 50% employees earn less USD 940 or less, 25% of the employees earn less than USD 710.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 4,300, 75% of the people earn USD 1,400 or less. 50% employees earn less USD 940 or less, 25% of the employees earn less than USD 710.

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 Belize the minimum salary is USD 440.

Median Salary

By considering the median salary in Belize of USD 770, one can understand the middle point of all salaries in a dataset. This measurement provides a fairer assessment of income distribution and is commonly employed to estimate 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 Belize the salary ranges from USD 440 to USD 4,300.

Annual Salary Increments in Belize

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

In 2024, the average salary increase for employees in Belize was around 0.9%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Belize experienced approximately 0.9% 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 0.9%.

Historical Graph of Annual Salary Increments in Belize

The average yearly salary increase for employees in Belize over the past years ranged from 0.9% to 5.9%. On average, this represents a 3.7% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
In the past years, employees in Belize have seen their salaries rise by an average of 3.7% per year. The increment ranges from 0.9% to 5.9% per year on average.

Salary Forecast and Trends for the Future in Belize

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 4.2%. Estimated range is between 2.3% and 6.4%.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 4.2%. Estimated range is between 2.3% and 6.4%.

Gender Wage Gap in Belize

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

In Belize, the gender wage gap is 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Belize has an actual wage gap of 11.0%.
It's due to many factors, such as:
  • Discrimination against a specific gender.
  • On average, women take 10% additional days of paid vacation compared to men each year.
  • Women are underrepresented when it comes to having a college degree compared to men.
  • When it comes to caregiving responsibilities for children and elderly relatives, women are more probable than men to take them on.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • In comparison to men, women are more likely to work in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array 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 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. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, enhances critical thinking skills, and provides the opportunity to specialize in a particular field of interest. It also facilitates valuable networking opportunities 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. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling 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 15%-19% 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 around 11%-15%. Expertise and leadership bring higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% 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 15%-19% 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 roughly 11%-15%. Expertise and leadership gain 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 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Belize

What is the average hourly wage in the Belize?

Average Hourly Wage
6USD
Low 3 USD
Average 6 USD
High 25 USD

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

  • Income instability: Budgeting and planning for expenses can be difficult due to the irregular or fluctuating income that hourly wages may result in.
  • 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 ordinarily related to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, 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 Belize

What are the best paying jobs in Belize?

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

Highest paying jobs Belize?

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

Lowest paying jobs Belize?

  1. Cashier (USD 460)
  2. Childcare Worker (USD 480)
  3. Stock clerk (USD 490)
  4. Elder Care Worker (USD 490)
  5. Receptionist (USD 510)
  6. Bartender (USD 560)
  7. Food and beverage server (USD 560)
  8. Janitor (USD 560)
  9. Waiter (USD 570)
  10. Tour Guide (USD 580)
  11. Customer Service Representative (USD 690)
  12. Hotel Concierge (USD 700)
  13. Rehabilitation Counselor (USD 710)
  14. Travel Agent (USD 770)
  15. Secretary (USD 790)
  16. Painter (USD 820)
  17. Carpenter (USD 850)
  18. Bus Driver (USD 870)
  19. Artist (USD 870)
  20. Truck Driver (USD 890)
List with best paid industries in BelizeDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,800)
  2. Business and Management (USD 2,400)
  3. Marketing and Sales (USD 2,200)
  4. Engineering (USD 2,000)
  5. Law (USD 1,900)
  6. Accounting and Finance (USD 1,900)
  7. Computer and Information Technology (USD 1,800)
  8. Transportation and Logistics (USD 1,800)
  9. Science (USD 1,800)
  10. Education and Training (USD 1,500)
  11. Other (USD 1,100)
  12. Hospitality and Tourism (USD 900)
  13. Social Services (USD 740)
  14. Services (USD 670)