Average Salary in Liberia 2024

This article delves into the salary landscape in Liberia, shedding light on various aspects such as pay scales, wage gaps, annual increments, and how salaries differ based on education level and years of experience. Discover the comprehensive breakdown of salary trends and gain valuable insights into the current job market dynamics in Liberia.
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 Liberia in 2024?

What is the average salary in Liberia in 2024?
1,900USD
(USD 22,200 yearly)
Low 830 USD
Average 1,900 USD
High 8,200 USD
For individuals working in Liberia, the average salary amounts to USD 1,900 per month. Yet, there is notable variability, with salaries ranging from USD 830 (lowest average) to USD 8,200 (highest average, actual maximum salary is higher). Take into account that these figures incorporate housing, transport, and other benefits. Across various professions, there exist significant differences in salary scales. To find out the salaries for specific job titles, please refer to the information below.
In comparison with average salary in Liberia in 2023, salaries changed by +0.8% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of the year.

Pay Scale and Salaries in Liberia

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 8,200, 75% of the people earn USD 2,600 or less. 50% employees earn less USD 1,800 or less, 25% of the employees earn less than USD 1,400.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 8,200, 75% of the people earn USD 2,600 or less. 50% employees earn less USD 1,800 or less, 25% of the employees earn less than USD 1,400.

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 Liberia the minimum salary is USD 830.

Median Salary

By considering the median salary in Liberia of USD 1,500, one can understand the middle point of all salaries in a dataset. This measurement provides a fairer assessment of income distribution and is commonly employed to estimate 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 Liberia the salary ranges from USD 830 to USD 8,200.

Annual Salary Increments in Liberia

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

The year 2024 saw employees in Liberia receiving an average salary increment of 0.8%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Liberia 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 Liberia

On an average, employees in Liberia have received a salary increase ranging from 0.8% to 6.4% per year in recent years. This translates to an average increment of 3.2% per year.Download chartGet chart linkShare on FacebookShare on Twitter
In recent years, the salary of employees in Liberia has witnessed an average yearly increase of 3.2%. This corresponds to a range of 0.8% to 6.4% increment per year.

Salary Forecast and Trends for the Future in Liberia

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 3.5%. Estimated range is between 1.9% and 5.4%.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 3.5%. Estimated range is between 1.9% and 5.4%.

Gender Wage Gap in Liberia

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

The gender pay disparity in Liberia is 9.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In terms of wage disparity, Liberia experiences 9.0%.
It's due to many factors, such as:
  • Sexism.
  • On average, women take 10% longer vacations than men each year.
  • When it comes to college degrees, women are less represented than men.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Women are more likely than men to work part-time, and part-time workers typically earn less than full-time workers.
  • Women generally find themselves working in lower-paying occupations compared to men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

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. 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. illustrates a profound commitment to expanding human understanding and forging a transformative 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 13%-17% 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 13%-17%. Expertise and leadership secure higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% 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 13%-17% 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 13%-17%. 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 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Liberia

What is the average hourly wage in the Liberia?

Average Hourly Wage
11USD
Low 5 USD
Average 11 USD
High 48 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 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 disrupt work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible 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 Liberia

What are the best paying jobs in Liberia?

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

Highest paying jobs Liberia?

  1. Surgeon (USD 8,100)
  2. Doctor (USD 7,300)
  3. Chief Executive Officer (CEO) (USD 7,000)
  4. Registered Nurse Anesthetist (USD 6,800)
  5. Dentist (USD 6,500)
  6. Airline Pilot (USD 6,300)
  7. Intellectual Property Lawyer (USD 6,100)
  8. Marketing Manager (USD 5,400)
  9. Marketing Director (USD 5,400)
  10. Sales Director (USD 5,100)
  11. Sales Manager (USD 5,100)
  12. Petroleum Engineer (USD 5,000)
  13. Brand Manager (USD 4,900)
  14. Marketer (USD 4,900)
  15. Judge (USD 4,800)
  16. Treasurer (USD 4,800)
  17. Controller (USD 4,800)
  18. Pharmacist (USD 4,600)
  19. Tax Lawyer (USD 4,600)
  20. Lawyer (USD 4,600)
List with worst paid jobs in LiberiaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Liberia?

  1. Cashier (USD 870)
  2. Childcare Worker (USD 910)
  3. Stock clerk (USD 930)
  4. Elder Care Worker (USD 930)
  5. Receptionist (USD 970)
  6. Bartender (USD 1,100)
  7. Food and beverage server (USD 1,100)
  8. Janitor (USD 1,100)
  9. Waiter (USD 1,100)
  10. Tour Guide (USD 1,100)
  11. Customer Service Representative (USD 1,400)
  12. Hotel Concierge (USD 1,400)
  13. Rehabilitation Counselor (USD 1,400)
  14. Travel Agent (USD 1,500)
  15. Secretary (USD 1,500)
  16. Painter (USD 1,600)
  17. Carpenter (USD 1,600)
  18. Bus Driver (USD 1,700)
  19. Artist (USD 1,700)
  20. Truck Driver (USD 1,700)
List with best paid industries in LiberiaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 5,200)
  2. Business and Management (USD 4,400)
  3. Marketing and Sales (USD 4,100)
  4. Engineering (USD 3,700)
  5. Law (USD 3,600)
  6. Accounting and Finance (USD 3,500)
  7. Computer and Information Technology (USD 3,500)
  8. Transportation and Logistics (USD 3,400)
  9. Science (USD 3,300)
  10. Education and Training (USD 2,800)
  11. Other (USD 2,100)
  12. Hospitality and Tourism (USD 1,700)
  13. Social Services (USD 1,400)
  14. Services (USD 1,300)