Discover the salary of a Chemical Engineer job in Faroe Islands. Get insights into the average pay scale, compensation benefits, and factors that influence salary. Explore the earning potential and competitive remuneration packages offered in this dynamic field. Stay informed about the latest industry trends and find out how your qualifications and experience can impact your earning potential as a Chemical Engineer.
What is the average Chemical Engineer salary in Faroe Islands in 2024?
Average Chemical Engineer monthly salary
4,900USD
(USD 58,800 yearly)
Low4,200USD
Average4,900USD
High5,700USD
A person working in Faroe Islands typically earns around USD 4,900 per month. Salaries range from USD 4,200 (lowest average) to USD 5,700 (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.
Chemical Engineer Pay Scale and Salaries in Faroe Islands
Pay Scale Comparison and Salary Structure
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Salary Structure
In Faroe Islands, nearly everyone working as a Chemical Engineer earns less than USD 9,600. Approximately 75% of Chemical Engineers in Faroe Islands earn USD 3,000 or less. Half of the employees in Faroe Islands who work as Chemical Engineers earn less than USD 2,100, while the remaining 25% of Chemical Engineers in Faroe Islands earn less than USD 1,600.
Minimum Wage and Starting Salary
Minimum Wage and Starting Salary, specific to Chemical Engineer, refers to the fundamental pay levels for entry-level positions in this field. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires in Chemical Engineer, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Faroe Islands, the minimum salary for Chemical Engineer is USD 4,200.
Median Salary
Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. In Faroe Islands, the median salary is USD 3,900. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly 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. For Chemical Engineer in Faroe Islands, the salary typically ranges from USD 4,200 to USD 5,700.
