Average Salary in Guatemala 2024

Are you curious about salary trends in Guatemala? This article delves into various aspects, including pay scale, wage gap, salary yearly increments, and a breakdown based on education level or year of experience. Discover key insights into the workforce landscape and understand how these factors influence earning potential in Guatemala. Stay informed and make sound decisions for your professional journey.
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 Guatemala in 2024?

What is the average salary in Guatemala in 2024?
500USD
(USD 6,000 yearly)
Low 230 USD
Average 500 USD
High 2,200 USD
The average salary in Guatemala is typically USD 500 per month. However, salaries can range from USD 230 (lowest average) to USD 2,200 (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 Guatemala in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Guatemala

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,200, 75% of the people earn USD 680 or less. 50% employees earn less USD 480 or less, 25% of the employees earn less than USD 360.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,200, 75% of the people earn USD 680 or less. 50% employees earn less USD 480 or less, 25% of the employees earn less than USD 360.

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 Guatemala the minimum salary is USD 230.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. 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. In Guatemala the median salary is USD 390.

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 Guatemala the salary ranges from USD 230 to USD 2,200.

Annual Salary Increments in Guatemala

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

The year 2024 saw employees in Guatemala receiving an average salary increment of 0.7%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 employees in Guatemala 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%.

Historical Graph of Annual Salary Increments in Guatemala

Employees in Guatemala received in recent years salary increase from 0.7% to 6.4% on average per year. It means 3.3% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
Employees based in Guatemala have experienced a salary increase averaging 3.3% per year in recent years. This translates to a range of 0.7% to 6.4% increment per year.

Salary Forecast and Trends for the Future in Guatemala

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 Guatemala

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

The actual wage gap in Guatemala reaches 7.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The wage gap in Guatemala currently stands at 7.0%.
It's due to many factors, such as:
  • Discrimination against a specific gender.
  • On average, women use 10% more paid vacation days per year compared to men.
  • Men are more inclined than women to possess a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • 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 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

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. Besides financial benefits, pursuing a bachelor's degree fosters personal growth, sharpens critical thinking abilities, and enables specialization in a chosen field. It also provides valuable networking prospects and facilitates the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a life-altering path that opens doors to a more satisfying and successful 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 indicative of someone's commitment to knowledge and their potential for a successful 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 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 roughly 10%-14%. Expertise and leadership earn 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 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 about 10%-14%. 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 22%-26% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Guatemala

What is the average hourly wage in the Guatemala?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 13 USD

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

  • Income instability: The irregular or fluctuating income from hourly wages can make it challenging 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 typically 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: In comparison to salaried positions, hourly positions can face greater job insecurity as they are more prone 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 Guatemala

What are the best paying jobs in Guatemala?

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

Highest paying jobs Guatemala?

  1. Surgeon (USD 2,200)
  2. Doctor (USD 2,000)
  3. Chief Executive Officer (CEO) (USD 1,900)
  4. Registered Nurse Anesthetist (USD 1,900)
  5. Dentist (USD 1,800)
  6. Airline Pilot (USD 1,700)
  7. Intellectual Property Lawyer (USD 1,700)
  8. Marketing Manager (USD 1,500)
  9. Marketing Director (USD 1,500)
  10. Sales Director (USD 1,400)
  11. Sales Manager (USD 1,400)
  12. Petroleum Engineer (USD 1,400)
  13. Brand Manager (USD 1,300)
  14. Marketer (USD 1,300)
  15. Judge (USD 1,300)
  16. Treasurer (USD 1,300)
  17. Controller (USD 1,300)
  18. Pharmacist (USD 1,300)
  19. Tax Lawyer (USD 1,300)
  20. Lawyer (USD 1,300)
List with worst paid jobs in GuatemalaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Guatemala?

  1. Cashier (USD 240)
  2. Childcare Worker (USD 250)
  3. Stock clerk (USD 250)
  4. Elder Care Worker (USD 250)
  5. Receptionist (USD 260)
  6. Bartender (USD 280)
  7. Food and beverage server (USD 290)
  8. Janitor (USD 290)
  9. Waiter (USD 290)
  10. Tour Guide (USD 290)
  11. Customer Service Representative (USD 350)
  12. Hotel Concierge (USD 360)
  13. Rehabilitation Counselor (USD 360)
  14. Travel Agent (USD 390)
  15. Secretary (USD 400)
  16. Painter (USD 420)
  17. Carpenter (USD 430)
  18. Bus Driver (USD 440)
  19. Artist (USD 450)
  20. Truck Driver (USD 450)
List with best paid industries in GuatemalaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,400)
  2. Business and Management (USD 1,200)
  3. Marketing and Sales (USD 1,100)
  4. Engineering (USD 990)
  5. Law (USD 940)
  6. Accounting and Finance (USD 930)
  7. Computer and Information Technology (USD 920)
  8. Transportation and Logistics (USD 890)
  9. Science (USD 890)
  10. Education and Training (USD 730)
  11. Other (USD 550)
  12. Hospitality and Tourism (USD 460)
  13. Social Services (USD 380)
  14. Services (USD 340)