Average Salary in Honduras 2024

Discover the ins and outs of the salary landscape in Honduras with our comprehensive article. Delve into the pay scale, wage gap, salary yearly increments, and a breakdown based on education level or year of experience. Gain valuable insights into the country's compensation system and learn how these factors can impact your earning potential. Stay informed and make informed decisions about your career path in Honduras.
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 Honduras in 2024?

What is the average salary in Honduras in 2024?
570USD
(USD 6,900 yearly)
Low 260 USD
Average 570 USD
High 2,600 USD
In Honduras, individuals usually earn an average salary of USD 570 per month. Nonetheless, salaries can span from USD 260 (lowest average) to USD 2,600 (highest average, actual maximum salary is higher). The indicated salary incorporates housing, transport, and other benefits. There are significant variations in salaries across diverse professions. To find out about specific job titles and their respective salaries, please see the information below.
In comparison with average salary in Honduras in 2023, salaries changed by +1.0% so far. Looking ahead, economists project a gradual recovery in the job market. At the end of the year, we will be able to fully compare 2023 and 2024.

Pay Scale and Salaries in Honduras

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,600, 75% of the people earn USD 790 or less. 50% employees earn less USD 550 or less, 25% of the employees earn less than USD 420.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,600, 75% of the people earn USD 790 or less. 50% employees earn less USD 550 or less, 25% of the employees earn less than USD 420.

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 Honduras the minimum salary is USD 260.

Median Salary

The median salary in Honduras is USD 450, indicating the middle point of all salaries in a dataset, with half of the values above and half below it. This statistic offers a more balanced perspective on income distribution and is widely used 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 Honduras the salary ranges from USD 260 to USD 2,600.

Annual Salary Increments in Honduras

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

In 2024, the average salary increment for Honduras employees was 1.0%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 1.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Honduras witnessed an average salary increase of 1.0%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 1.0%.

Historical Graph of Annual Salary Increments in Honduras

In the past years, employees in Honduras have seen their salaries rise by an average of 4.2% per year. The increment ranges from 1.0% to 6.7% per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
The salary of employees in Honduras has been increasing in recent years, with an average yearly increment of 4.2%. The increment ranges from 1.0% to 6.7% per year.

Salary Forecast and Trends for the Future in Honduras

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 4.4%. Estimated range is between 2.4% and 6.7%.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 4.4%. Estimated range is between 2.4% and 6.7%.

Gender Wage Gap in Honduras

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

In Honduras, the actual wage gap amounts to 7.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The wage gap in Honduras currently stands at 7.0%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On an average, women take 10% more days of paid leave compared to men annually.
  • Women are less likely than men to have a college degree.
  • Taking up caregiving responsibilities for children and elderly relatives is more common among women than among men.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to full-time positions.
  • 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?

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. 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. showcases extraordinary dedication to expanding the frontiers of knowledge and achieving 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 9%-13%. Expertise and leadership result in higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 16%-20% 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 around 9%-13%. 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 16%-20% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Honduras

What is the average hourly wage in the Honduras?

Average Hourly Wage
3USD
Low 2 USD
Average 3 USD
High 15 USD

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

  • Income instability: Dealing with 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 connected 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 upset work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: There are instances where hourly employment offers restricted 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 Honduras

What are the best paying jobs in Honduras?

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

Highest paying jobs Honduras?

  1. Surgeon (USD 2,500)
  2. Doctor (USD 2,300)
  3. Chief Executive Officer (CEO) (USD 2,200)
  4. Registered Nurse Anesthetist (USD 2,100)
  5. Dentist (USD 2,000)
  6. Airline Pilot (USD 2,000)
  7. Intellectual Property Lawyer (USD 1,900)
  8. Marketing Manager (USD 1,700)
  9. Marketing Director (USD 1,700)
  10. Sales Director (USD 1,600)
  11. Sales Manager (USD 1,600)
  12. Petroleum Engineer (USD 1,600)
  13. Brand Manager (USD 1,500)
  14. Marketer (USD 1,500)
  15. Judge (USD 1,500)
  16. Treasurer (USD 1,500)
  17. Controller (USD 1,500)
  18. Pharmacist (USD 1,500)
  19. Tax Lawyer (USD 1,400)
  20. Lawyer (USD 1,400)
List with worst paid jobs in HondurasDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Honduras?

  1. Cashier (USD 270)
  2. Childcare Worker (USD 290)
  3. Stock clerk (USD 290)
  4. Elder Care Worker (USD 290)
  5. Receptionist (USD 300)
  6. Bartender (USD 330)
  7. Food and beverage server (USD 330)
  8. Janitor (USD 330)
  9. Waiter (USD 340)
  10. Tour Guide (USD 340)
  11. Customer Service Representative (USD 410)
  12. Hotel Concierge (USD 410)
  13. Rehabilitation Counselor (USD 420)
  14. Travel Agent (USD 450)
  15. Secretary (USD 470)
  16. Painter (USD 480)
  17. Carpenter (USD 500)
  18. Bus Driver (USD 510)
  19. Artist (USD 510)
  20. Truck Driver (USD 520)
List with best paid industries in HondurasDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,600)
  2. Business and Management (USD 1,400)
  3. Marketing and Sales (USD 1,300)
  4. Engineering (USD 1,200)
  5. Law (USD 1,100)
  6. Accounting and Finance (USD 1,100)
  7. Computer and Information Technology (USD 1,100)
  8. Transportation and Logistics (USD 1,100)
  9. Science (USD 1,100)
  10. Education and Training (USD 850)
  11. Other (USD 630)
  12. Hospitality and Tourism (USD 530)
  13. Social Services (USD 430)
  14. Services (USD 400)