Average Salary in El Salvador 2024

This article delves into the dynamics of salary in El Salvador, shedding light on various aspects including the pay scale, wage gap, yearly increments, and the breakdown over education level or years of experience. By exploring these factors, readers gain insights into the intricacies of earning potential in this Central American country. With a concise yet comprehensive approach, this SEO-friendly piece provides valuable information for those interested in understanding the evolving salary landscape of El Salvador.
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 El Salvador in 2024?

What is the average salary in El Salvador in 2024?
430USD
(USD 5,200 yearly)
Low 200 USD
Average 430 USD
High 1,900 USD
You can expect to earn around USD 430 per month if you work in El Salvador. Keep in mind that salaries can range from USD 200 (lowest average) to USD 1,900 (highest average, actual maximum salary is higher). This average salary includes housing, transport, and other benefits. Salaries differ greatly depending on the career. For detailed salary information on specific job titles, please refer below.
In comparison with average salary in El Salvador in 2023, salaries changed by +0.8% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 will be conducted by the year's end.

Pay Scale and Salaries in El Salvador

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,900, 75% of the people earn USD 600 or less. 50% employees earn less USD 420 or less, 25% of the employees earn less than USD 320.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,900, 75% of the people earn USD 600 or less. 50% employees earn less USD 420 or less, 25% of the employees earn less than USD 320.

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 El Salvador the minimum salary is USD 200.

Median Salary

In El Salvador, the median salary of USD 340 represents the middle point of all salaries in a dataset. This metric offers a more equitable perspective on income distribution and is frequently employed to assess average earnings across different 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 El Salvador the salary ranges from USD 200 to USD 1,900.

Annual Salary Increments in El Salvador

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

Employees in El Salvador experienced an average salary increase of 0.8% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in El Salvador experienced approximately 0.8% 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 0.8%.

Historical Graph of Annual Salary Increments in El Salvador

On an average, employees in El Salvador have received a salary increase ranging from 0.8% to 7.3% per year in recent years. This translates to an average increment of 3.6% per year.Download chartGet chart linkShare on FacebookShare on Twitter
In recent years, the salary of employees in El Salvador has witnessed an average yearly increase of 3.6%. This corresponds to a range of 0.8% to 7.3% increment per year.

Salary Forecast and Trends for the Future in El Salvador

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 3.2%. Estimated range is between 1.7% and 4.8%.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 3.2%. Estimated range is between 1.7% and 4.8%.

Gender Wage Gap in El Salvador

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

In El Salvador, the actual wage gap amounts to 9.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The wage gap in El Salvador currently stands at 9.0%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • Women are less likely than men to have a college degree.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • Women are more likely than men to work part-time, and part-time workers typically earn less than full-time workers.
  • Women are more likely to work in lower-paying occupations 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 completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Apart from financial rewards, pursuing a bachelor's degree fosters personal growth, nurtures critical thinking skills, and provides the chance to specialize in a specific area of interest. It also facilitates valuable networking opportunities and encourages the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that paves the way for 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. signifies an insatiable thirst for knowledge and a commitment to a meaningful 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 nearly 11%-15%. Expertise and leadership acquire higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% 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 around 11%-15%. 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 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in El Salvador

What is the average hourly wage in the El Salvador?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 11 USD

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

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • 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 commonly 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 disrupt work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: There may be limited opportunities for career growth, professional development, or upward mobility within the organization in some hourly jobs.
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 El Salvador

What are the best paying jobs in El Salvador?

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

Highest paying jobs El Salvador?

  1. Surgeon (USD 1,900)
  2. Doctor (USD 1,700)
  3. Chief Executive Officer (CEO) (USD 1,700)
  4. Registered Nurse Anesthetist (USD 1,600)
  5. Dentist (USD 1,500)
  6. Airline Pilot (USD 1,500)
  7. Intellectual Property Lawyer (USD 1,400)
  8. Marketing Manager (USD 1,300)
  9. Marketing Director (USD 1,300)
  10. Sales Director (USD 1,200)
  11. Sales Manager (USD 1,200)
  12. Petroleum Engineer (USD 1,200)
  13. Brand Manager (USD 1,200)
  14. Marketer (USD 1,200)
  15. Judge (USD 1,200)
  16. Treasurer (USD 1,100)
  17. Controller (USD 1,100)
  18. Pharmacist (USD 1,100)
  19. Tax Lawyer (USD 1,100)
  20. Lawyer (USD 1,100)
List with worst paid jobs in El SalvadorDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs El Salvador?

  1. Cashier (USD 210)
  2. Childcare Worker (USD 220)
  3. Stock clerk (USD 220)
  4. Elder Care Worker (USD 220)
  5. Receptionist (USD 230)
  6. Bartender (USD 250)
  7. Food and beverage server (USD 250)
  8. Janitor (USD 250)
  9. Waiter (USD 260)
  10. Tour Guide (USD 260)
  11. Customer Service Representative (USD 310)
  12. Hotel Concierge (USD 310)
  13. Rehabilitation Counselor (USD 320)
  14. Travel Agent (USD 340)
  15. Secretary (USD 350)
  16. Painter (USD 360)
  17. Carpenter (USD 380)
  18. Bus Driver (USD 380)
  19. Artist (USD 390)
  20. Truck Driver (USD 400)
List with best paid industries in El SalvadorDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,200)
  2. Business and Management (USD 1,100)
  3. Marketing and Sales (USD 940)
  4. Engineering (USD 860)
  5. Law (USD 820)
  6. Accounting and Finance (USD 810)
  7. Computer and Information Technology (USD 800)
  8. Transportation and Logistics (USD 780)
  9. Science (USD 770)
  10. Education and Training (USD 640)
  11. Other (USD 480)
  12. Hospitality and Tourism (USD 400)
  13. Social Services (USD 330)
  14. Services (USD 300)