Average Salary in Jersey 2024

Exploring the Salaries in Jersey: From Pay Scale to Wage Gap and Yearly Increments. This article uncovers the intricate details of salary structures in Jersey, shedding light on the pay scale variations across industries. Delving deeper, it provides insights into the wage gap prevailing within the region, examining the factors contributing to wage disparities. Additionally, the article examines the patterns of salary yearly increments, offering valuable information on how salaries evolve over time. Furthermore, it elucidates the breakdown of salaries based on education levels and years of experience, empowering individuals to understand the relationship between their qualifications and earning potential. Discover the key aspects of salary dynamics in Jersey, ensuring you make informed decisions for your financial future.
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 Jersey in 2024?

What is the average salary in Jersey in 2024?
3,300USD
(USD 38,600 yearly)
Low 1,500 USD
Average 3,300 USD
High 14,200 USD
The typical earnings in Jersey amount to around USD 3,300 per month. However, the salary spectrum extends from as low as USD 1,500 (lowest average) to as high as USD 14,200 (highest average, actual maximum salary is higher). Please note that this includes housing, transport, and other benefits. Salaries can vary greatly among different careers. If you are curious about the salary of a particular job, please see the information on specific job titles below.
In comparison with average salary in Jersey in 2023, salaries changed by +0.8% 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 Jersey

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 14,200, 75% of the people earn USD 4,500 or less. 50% employees earn less USD 3,200 or less, 25% of the employees earn less than USD 2,400.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 14,200, 75% of the people earn USD 4,500 or less. 50% employees earn less USD 3,200 or less, 25% of the employees earn less than USD 2,400.

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 Jersey the minimum salary is USD 1,500.

Median Salary

Located in Jersey, the median salary is USD 2,600, signifying the middle point of all salaries in a dataset. This measurement offers a more equitable representation of income distribution and is widely 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. In Jersey the salary ranges from USD 1,500 to USD 14,200.

Annual Salary Increments in Jersey

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

In 2024, employees based in Jersey witnessed an average salary increase of 0.8%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Jersey witnessed an average salary growth of 0.8%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in Jersey

Employees in Jersey received in recent years salary increase from 0.8% to 7.3% on average per year. It means 3.6% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
On an average, employees in Jersey 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.

Salary Forecast and Trends for the Future in Jersey

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 3.8%. Estimated range is between 2.1% and 5.8%.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 3.8%. Estimated range is between 2.1% and 5.8%.

Gender Wage Gap in Jersey

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

Actual wage gap in Jersey is 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Jersey, the actual wage gap amounts to 11.0%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women take 10% extra days off as paid vacation annually in comparison to men.
  • Compared to men, women have a lower likelihood of having a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
  • Men, as opposed to women, are more likely to work in higher-paying occupations.

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 a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range 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. demonstrates a strong dedication to knowledge and paves the way 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 16%-20% 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 approximately 7%-11%. Expertise and leadership yield higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% 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 16%-20% 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 close to 7%-11%. Expertise and leadership receive 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 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Jersey

What is the average hourly wage in the Jersey?

Average Hourly Wage
19USD
Low 9 USD
Average 19 USD
High 83 USD

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

  • Income instability: The irregular or fluctuating income from hourly wages may 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 disturb work-life balance and make it difficult 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: 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 Jersey

What are the best paying jobs in Jersey?

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

Highest paying jobs Jersey?

  1. Surgeon (USD 14,100)
  2. Doctor (USD 12,700)
  3. Chief Executive Officer (CEO) (USD 12,100)
  4. Registered Nurse Anesthetist (USD 11,800)
  5. Dentist (USD 11,300)
  6. Airline Pilot (USD 10,900)
  7. Intellectual Property Lawyer (USD 10,500)
  8. Marketing Manager (USD 9,300)
  9. Marketing Director (USD 9,300)
  10. Sales Director (USD 8,800)
  11. Sales Manager (USD 8,800)
  12. Petroleum Engineer (USD 8,700)
  13. Brand Manager (USD 8,500)
  14. Marketer (USD 8,500)
  15. Judge (USD 8,400)
  16. Treasurer (USD 8,300)
  17. Controller (USD 8,300)
  18. Pharmacist (USD 8,100)
  19. Tax Lawyer (USD 7,900)
  20. Lawyer (USD 7,900)
List with worst paid jobs in JerseyDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Jersey?

  1. Cashier (USD 1,600)
  2. Childcare Worker (USD 1,600)
  3. Stock clerk (USD 1,700)
  4. Elder Care Worker (USD 1,700)
  5. Receptionist (USD 1,700)
  6. Bartender (USD 1,900)
  7. Food and beverage server (USD 1,900)
  8. Janitor (USD 1,900)
  9. Waiter (USD 1,900)
  10. Tour Guide (USD 1,900)
  11. Customer Service Representative (USD 2,300)
  12. Hotel Concierge (USD 2,400)
  13. Rehabilitation Counselor (USD 2,400)
  14. Travel Agent (USD 2,600)
  15. Secretary (USD 2,700)
  16. Painter (USD 2,700)
  17. Carpenter (USD 2,800)
  18. Bus Driver (USD 2,900)
  19. Artist (USD 2,900)
  20. Truck Driver (USD 3,000)
List with best paid industries in JerseyDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 9,000)
  2. Business and Management (USD 7,700)
  3. Marketing and Sales (USD 7,100)
  4. Engineering (USD 6,500)
  5. Law (USD 6,200)
  6. Accounting and Finance (USD 6,100)
  7. Computer and Information Technology (USD 6,000)
  8. Transportation and Logistics (USD 5,800)
  9. Science (USD 5,800)
  10. Education and Training (USD 4,800)
  11. Other (USD 3,600)
  12. Hospitality and Tourism (USD 3,000)
  13. Social Services (USD 2,500)
  14. Services (USD 2,300)