Average Salary in Costa Rica 2024

Discover the intricacies of the salary landscape in Costa Rica with our comprehensive article. Delve into key aspects such as pay scale, wage gap, yearly increments, and breakdowns based on education level or years of experience. Gain valuable insights into how salaries vary in this vibrant country, and make informed decisions on navigating the Costa Rican job market.
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 Costa Rica in 2024?

What is the average salary in Costa Rica in 2024?
880USD
(USD 10,500 yearly)
Low 400 USD
Average 880 USD
High 3,900 USD
A person working in Costa Rica typically earns around USD 880 per month. Salaries range from USD 400 (lowest average) to USD 3,900 (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 Costa Rica in 2023, salaries changed by +0.8% 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 Costa Rica

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,900, 75% of the people earn USD 1,300 or less. 50% employees earn less USD 850 or less, 25% of the employees earn less than USD 640.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,900, 75% of the people earn USD 1,300 or less. 50% employees earn less USD 850 or less, 25% of the employees earn less than USD 640.

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 Costa Rica the minimum salary is USD 400.

Median Salary

With half of the values above and half below it, the median salary in Costa Rica serves as the middle point of all salaries in a dataset. This measurement provides a more balanced representation of income distribution and is commonly utilized to determine 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 Costa Rica the salary ranges from USD 400 to USD 3,900.

Annual Salary Increments in Costa Rica

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

In 2024, the average salary increment for Costa Rica employees was 0.8%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, the average salary increase for employees in Costa Rica was around 0.8%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in Costa Rica

Within the past years, employees in Costa Rica have seen their salaries increase by an average of 2.9% per year. This encompasses a range of 0.7% to 5.7% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
On average, employees in Costa Rica experienced a salary increase ranging from 0.7% to 5.7% per year in recent years. This translates to an average increment of 2.9% per year.

Salary Forecast and Trends for the Future in Costa Rica

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 3.1%. Estimated range is between 1.7% and 4.7%.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 3.1%. Estimated range is between 1.7% and 4.7%.

Gender Wage Gap in Costa Rica

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

In Costa Rica, the gender wage gap is 1.5%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Costa Rica is 1.5%.
It's due to many factors, such as:
  • Gender disparity.
  • On average, women have a 10% higher number of days of paid vacation than men each year.
  • Compared to men, women have a lower likelihood of having a college degree.
  • Compared to men, women are more likely 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.
  • Women generally find themselves working in lower-paying occupations compared to 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

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. 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 14%-18% 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 5%-9%. Expertise and leadership result in higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% 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 14%-18% 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 5%-9%. Expertise and leadership yield 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 22%-26% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Costa Rica

What is the average hourly wage in the Costa Rica?

Average Hourly Wage
5USD
Low 2 USD
Average 5 USD
High 23 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 difficult 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 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 disrupt work-life balance and make it challenging 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 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 Costa Rica

What are the best paying jobs in Costa Rica?

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

Highest paying jobs Costa Rica?

  1. Surgeon (USD 3,900)
  2. Doctor (USD 3,500)
  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 2,600)
  9. Marketing Director (USD 2,600)
  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 2,300)
  17. Controller (USD 2,300)
  18. Pharmacist (USD 2,200)
  19. Tax Lawyer (USD 2,200)
  20. Lawyer (USD 2,200)
List with worst paid jobs in Costa RicaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Costa Rica?

  1. Cashier (USD 420)
  2. Childcare Worker (USD 430)
  3. Stock clerk (USD 440)
  4. Elder Care Worker (USD 440)
  5. Receptionist (USD 460)
  6. Bartender (USD 500)
  7. Food and beverage server (USD 500)
  8. Janitor (USD 510)
  9. Waiter (USD 520)
  10. Tour Guide (USD 520)
  11. Customer Service Representative (USD 620)
  12. Hotel Concierge (USD 630)
  13. Rehabilitation Counselor (USD 640)
  14. Travel Agent (USD 690)
  15. Secretary (USD 710)
  16. Painter (USD 740)
  17. Carpenter (USD 760)
  18. Bus Driver (USD 780)
  19. Artist (USD 790)
  20. Truck Driver (USD 800)
List with best paid industries in Costa RicaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,500)
  2. Business and Management (USD 2,100)
  3. Marketing and Sales (USD 2,000)
  4. Engineering (USD 1,800)
  5. Law (USD 1,700)
  6. Accounting and Finance (USD 1,700)
  7. Computer and Information Technology (USD 1,700)
  8. Transportation and Logistics (USD 1,600)
  9. Science (USD 1,600)
  10. Education and Training (USD 1,300)
  11. Other (USD 960)
  12. Hospitality and Tourism (USD 810)
  13. Social Services (USD 660)
  14. Services (USD 600)