Average Salary in Bulgaria 2024

Unveiling the Bulgarian Salary Landscape: A comprehensive exploration of pay scales, wage gaps, and salary yearly increments across various education levels and years of experience. Discover the intriguing breakdown of salaries in Bulgaria, as this article delves into the intricacies of the country's compensation system. Gain insight into the factors shaping the wage structure, including education level and experience, while uncovering the extent of pay disparities. With key data and statistics, this article provides crucial information on the salary landscape in Bulgaria, shedding light on the dynamics that drive income differences and potential opportunities for improvement.
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 Bulgaria in 2024?

What is the average salary in Bulgaria in 2024?
870USD
(USD 10,400 yearly)
Low 390 USD
Average 870 USD
High 3,800 USD
A person working in Bulgaria typically earns around USD 870 per month. Salaries range from USD 390 (lowest average) to USD 3,800 (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 Bulgaria in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of the year.

Pay Scale and Salaries in Bulgaria

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,800, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 840 or less, 25% of the employees earn less than USD 630.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,800, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 840 or less, 25% of the employees earn less than USD 630.

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 Bulgaria the minimum salary is USD 390.

Median Salary

By considering the median salary in Bulgaria of USD 690, 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 Bulgaria the salary ranges from USD 390 to USD 3,800.

Annual Salary Increments in Bulgaria

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

In 2024 employees in Bulgaria received around 0.7% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, Bulgaria employees received an average salary increase of 0.7%. It's essential to note that this is an average figure across all job sectors. Globally, the average salary increment for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Bulgaria

In the past years, employees in Bulgaria have seen their salaries rise by an average of 3.0% per year. The increment ranges from 0.7% to 4.9% per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
On average, employees in Bulgaria experienced a salary increase ranging from 0.7% to 4.9% per year in recent years. This translates to an average increment of 3.0% per year.

Salary Forecast and Trends for the Future in Bulgaria

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 2.8%. Estimated range is between 1.6% and 4.3%.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 2.8%. Estimated range is between 1.6% and 4.3%.

Gender Wage Gap in Bulgaria

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

Actual wage gap in Bulgaria is 2.5%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Bulgaria is 2.5%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • Compared to men, women have a lower likelihood of having a college degree.
  • When it comes to caregiving responsibilities for children and elderly relatives, women are more probable than men to take them on.
  • In comparison to men, women are more prone to working part-time, resulting in lower earnings compared to full-time workers.
  • 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 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

The successful completion of high school and attainment of a bachelor's degree bring forth a wide range of advantages. Primarily, they greatly enhance one's career prospects by increasing earning potential and opening doors to a broader range of job opportunities. Apart from monetary benefits, pursuing a bachelor's degree nurtures personal growth, fosters critical thinking skills, and enables specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and promotes the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that leads to a more enriching 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. epitomizes a lifelong dedication to acquiring knowledge and paving the way for an inspiring and impactful 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 13%-17% 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 nearly 13%-17%. Expertise and leadership secure higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 16%-20% 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 13%-17% 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 about 13%-17%. Expertise and leadership result in 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 16%-20% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Bulgaria

What is the average hourly wage in the Bulgaria?

Average Hourly Wage
5USD
Low 2 USD
Average 5 USD
High 22 USD

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

  • Income instability: Hourly wages can lead to irregular or fluctuating income, posing challenges for budgeting and expense planning.
  • 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 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 upset work-life balance and make it difficult 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 some cases, hourly jobs might provide minimal 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 Bulgaria

What are the best paying jobs in Bulgaria?

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

Highest paying jobs Bulgaria?

  1. Surgeon (USD 3,800)
  2. Doctor (USD 3,400)
  3. Chief Executive Officer (CEO) (USD 3,300)
  4. Registered Nurse Anesthetist (USD 3,200)
  5. Dentist (USD 3,100)
  6. Airline Pilot (USD 3,000)
  7. Intellectual Property Lawyer (USD 2,900)
  8. Marketing Manager (USD 2,500)
  9. Marketing Director (USD 2,500)
  10. Sales Director (USD 2,400)
  11. Sales Manager (USD 2,400)
  12. Petroleum Engineer (USD 2,400)
  13. Brand Manager (USD 2,300)
  14. Marketer (USD 2,300)
  15. Judge (USD 2,300)
  16. Treasurer (USD 2,200)
  17. Controller (USD 2,200)
  18. Pharmacist (USD 2,200)
  19. Tax Lawyer (USD 2,200)
  20. Lawyer (USD 2,200)
List with worst paid jobs in BulgariaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Bulgaria?

  1. Cashier (USD 410)
  2. Childcare Worker (USD 430)
  3. Stock clerk (USD 440)
  4. Elder Care Worker (USD 440)
  5. Receptionist (USD 450)
  6. Bartender (USD 490)
  7. Food and beverage server (USD 500)
  8. Janitor (USD 500)
  9. Waiter (USD 510)
  10. Tour Guide (USD 510)
  11. Customer Service Representative (USD 610)
  12. Hotel Concierge (USD 620)
  13. Rehabilitation Counselor (USD 630)
  14. Travel Agent (USD 680)
  15. Secretary (USD 700)
  16. Painter (USD 730)
  17. Carpenter (USD 750)
  18. Bus Driver (USD 770)
  19. Artist (USD 780)
  20. Truck Driver (USD 790)
List with best paid industries in BulgariaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,400)
  2. Business and Management (USD 2,100)
  3. Marketing and Sales (USD 1,900)
  4. Engineering (USD 1,800)
  5. Law (USD 1,700)
  6. Accounting and Finance (USD 1,700)
  7. Computer and Information Technology (USD 1,600)
  8. Transportation and Logistics (USD 1,600)
  9. Science (USD 1,600)
  10. Education and Training (USD 1,300)
  11. Other (USD 950)
  12. Hospitality and Tourism (USD 800)
  13. Social Services (USD 650)
  14. Services (USD 600)