Average Salary in Chile 2024

Unraveling the Salary Landscape in Chile: Exploring Pay Scale, Wage Gap, Yearly Increments, and Education-Level Breakdown. This comprehensive article sheds light on Chile's salary dynamics, deciphering the complexities of pay scales and exposing the persistent wage gap. Delving into how yearly increments affect salaries and uncovering the breakdown of earnings based on education level or years of experience, this insightful piece unveils crucial insights into the intricacies of salary structures in Chile. Navigate the Chilean job market armed with the knowledge to negotiate fair compensation and understand the factors influencing salary disparities. Stay informed and empowered in your pursuit for equity and financial well-being.
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 Chile in 2024?

What is the average salary in Chile in 2024?
1,600USD
(USD 19,200 yearly)
Low 720 USD
Average 1,600 USD
High 7,100 USD
A person working in Chile typically earns around USD 1,600 per month. Salaries range from USD 720 (lowest average) to USD 7,100 (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 Chile in 2023, salaries changed by +0.6% 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 Chile

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 7,100, 75% of the people earn USD 2,300 or less. 50% employees earn less USD 1,600 or less, 25% of the employees earn less than USD 1,200.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 7,100, 75% of the people earn USD 2,300 or less. 50% employees earn less USD 1,600 or less, 25% of the employees earn less than USD 1,200.

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 Chile the minimum salary is USD 720.

Median Salary

Located in Chile, the median salary is USD 1,300, 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 Chile the salary ranges from USD 720 to USD 7,100.

Annual Salary Increments in Chile

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

The year 2024 saw employees in Chile receiving an average salary increment of 0.6%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Chile witnessed an average salary increase of 0.6%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Chile

Employees in Chile received in recent years salary increase from -0.7% to 9.8% on average per year. It means 4.1% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
In recent years, the salary of employees in Chile has witnessed an average yearly increase of 4.1%. This corresponds to a range of -0.7% to 9.8% increment per year.

Salary Forecast and Trends for the Future in Chile

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 2.0%. Estimated range is between 1.1% and 3.0%.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 2.0%. Estimated range is between 1.1% and 3.0%.

Gender Wage Gap in Chile

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

In terms of wage disparity, Chile experiences 10.9%.Download chartGet chart linkShare on FacebookShare on Twitter
In Chile, the actual wage gap amounts to 10.9%.
It's due to many factors, such as:
  • Gender bias.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • College degrees are less common among women compared to men.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • When it comes to occupations, women are more inclined towards lower-paying ones than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. 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 completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks 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. 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 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 around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% 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 around 7%-11%. Expertise and leadership bring 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 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Chile

What is the average hourly wage in the Chile?

Average Hourly Wage
9USD
Low 4 USD
Average 9 USD
High 42 USD

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

  • Income instability: Planning for expenses and budgeting can be challenging when dealing with hourly wages that result in irregular or fluctuating income.
  • 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 attributed 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 interrupt 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 Chile

What are the best paying jobs in Chile?

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

Highest paying jobs Chile?

  1. Surgeon (USD 7,000)
  2. Doctor (USD 6,300)
  3. Chief Executive Officer (CEO) (USD 6,000)
  4. Registered Nurse Anesthetist (USD 5,900)
  5. Dentist (USD 5,700)
  6. Airline Pilot (USD 5,500)
  7. Intellectual Property Lawyer (USD 5,300)
  8. Marketing Manager (USD 4,700)
  9. Marketing Director (USD 4,700)
  10. Sales Director (USD 4,400)
  11. Sales Manager (USD 4,400)
  12. Petroleum Engineer (USD 4,400)
  13. Brand Manager (USD 4,300)
  14. Marketer (USD 4,300)
  15. Judge (USD 4,200)
  16. Treasurer (USD 4,100)
  17. Controller (USD 4,100)
  18. Pharmacist (USD 4,000)
  19. Tax Lawyer (USD 4,000)
  20. Lawyer (USD 4,000)
List with worst paid jobs in ChileDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Chile?

  1. Cashier (USD 760)
  2. Childcare Worker (USD 790)
  3. Stock clerk (USD 810)
  4. Elder Care Worker (USD 810)
  5. Receptionist (USD 840)
  6. Bartender (USD 910)
  7. Food and beverage server (USD 920)
  8. Janitor (USD 920)
  9. Waiter (USD 940)
  10. Tour Guide (USD 950)
  11. Customer Service Representative (USD 1,200)
  12. Hotel Concierge (USD 1,200)
  13. Rehabilitation Counselor (USD 1,200)
  14. Travel Agent (USD 1,300)
  15. Secretary (USD 1,300)
  16. Painter (USD 1,400)
  17. Carpenter (USD 1,400)
  18. Bus Driver (USD 1,500)
  19. Artist (USD 1,500)
  20. Truck Driver (USD 1,500)
List with best paid industries in ChileDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 4,500)
  2. Business and Management (USD 3,800)
  3. Marketing and Sales (USD 3,500)
  4. Engineering (USD 3,300)
  5. Law (USD 3,100)
  6. Accounting and Finance (USD 3,100)
  7. Computer and Information Technology (USD 3,000)
  8. Transportation and Logistics (USD 2,900)
  9. Science (USD 2,900)
  10. Education and Training (USD 2,400)
  11. Other (USD 1,800)
  12. Hospitality and Tourism (USD 1,500)
  13. Social Services (USD 1,300)
  14. Services (USD 1,100)