Average Salary in Liechtenstein 2024

Discover the untold story of salaries in the picturesque land of Liechtenstein. Unveiling the intricacies of pay scales, this article delves into the wage gap prevailing within the country, shedding light on the factors contributing to this disparity. Furthermore, it unravels the intriguing patterns of yearly increments based on education levels and years of professional experience. With a concise breakdown of salaries, this insightful piece offers a captivating glimpse into the complex world of remuneration in Liechtenstein.
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 Liechtenstein in 2024?

What is the average salary in Liechtenstein in 2024?
6,600USD
(USD 78,400 yearly)
Low 3,000 USD
Average 6,600 USD
High 28,900 USD
The typical earnings in Liechtenstein amount to around USD 6,600 per month. However, the salary spectrum extends from as low as USD 3,000 (lowest average) to as high as USD 28,900 (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 Liechtenstein in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. A complete comparison between 2023 and 2024 will be available at the end of this year.

Pay Scale and Salaries in Liechtenstein

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 28,900, 75% of the people earn USD 9,100 or less. 50% employees earn less USD 6,400 or less, 25% of the employees earn less than USD 4,800.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 28,900, 75% of the people earn USD 9,100 or less. 50% employees earn less USD 6,400 or less, 25% of the employees earn less than USD 4,800.

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 Liechtenstein the minimum salary is USD 3,000.

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 Liechtenstein the median salary is USD 5,200.

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 Liechtenstein the salary ranges from USD 3,000 to USD 28,900.

Annual Salary Increments in Liechtenstein

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

Employees in Liechtenstein experienced an average salary increase of 0.9% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Liechtenstein witnessed an average salary increase of 0.9%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Liechtenstein

In the past years, employees in Liechtenstein have seen their salaries rise by an average of 3.7% per year. The increment ranges from 0.9% to 7.5% per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in Liechtenstein over the past years ranged from 0.9% to 7.5%. On average, this represents a 3.7% increment per year.

Salary Forecast and Trends for the Future in Liechtenstein

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 4.1%. Estimated range is between 2.2% and 6.2%.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 4.1%. Estimated range is between 2.2% and 6.2%.

Gender Wage Gap in Liechtenstein

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

The gender pay disparity in Liechtenstein is 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Liechtenstein is 10.0%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women have 10% longer paid vacations than men each year.
  • Women are less likely than men to have a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • In comparison to men, women are more prone to working part-time, resulting in lower earnings compared to 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 completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider 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

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Apart from financial advantages, pursuing a bachelor's degree nurtures personal growth, enhances critical thinking skills, and offers the opportunity to specialize in a specific field of interest. It also facilitates valuable networking avenues and the cultivation of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative adventure that leads to a more gratifying 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 18%-22% 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 around 10%-14%. Expertise and leadership bring higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% 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 18%-22% 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 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Liechtenstein

What is the average hourly wage in the Liechtenstein?

Average Hourly Wage
38USD
Low 17 USD
Average 38 USD
High 169 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 commonly 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 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: Some hourly positions within the organization may offer limited opportunities for career growth, professional development, or upward mobility.
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 Liechtenstein

What are the best paying jobs in Liechtenstein?

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

Highest paying jobs Liechtenstein?

  1. Surgeon (USD 28,500)
  2. Doctor (USD 25,800)
  3. Chief Executive Officer (CEO) (USD 24,500)
  4. Registered Nurse Anesthetist (USD 24,000)
  5. Dentist (USD 22,900)
  6. Airline Pilot (USD 22,200)
  7. Intellectual Property Lawyer (USD 21,400)
  8. Marketing Manager (USD 18,900)
  9. Marketing Director (USD 18,900)
  10. Sales Director (USD 17,800)
  11. Sales Manager (USD 17,800)
  12. Petroleum Engineer (USD 17,600)
  13. Brand Manager (USD 17,200)
  14. Marketer (USD 17,200)
  15. Judge (USD 17,000)
  16. Treasurer (USD 16,700)
  17. Controller (USD 16,700)
  18. Pharmacist (USD 16,300)
  19. Tax Lawyer (USD 16,100)
  20. Lawyer (USD 16,100)
List with worst paid jobs in LiechtensteinDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Liechtenstein?

  1. Cashier (USD 3,100)
  2. Childcare Worker (USD 3,300)
  3. Stock clerk (USD 3,300)
  4. Elder Care Worker (USD 3,300)
  5. Receptionist (USD 3,500)
  6. Bartender (USD 3,800)
  7. Food and beverage server (USD 3,800)
  8. Janitor (USD 3,800)
  9. Waiter (USD 3,900)
  10. Tour Guide (USD 3,900)
  11. Customer Service Representative (USD 4,700)
  12. Hotel Concierge (USD 4,700)
  13. Rehabilitation Counselor (USD 4,800)
  14. Travel Agent (USD 5,200)
  15. Secretary (USD 5,300)
  16. Painter (USD 5,500)
  17. Carpenter (USD 5,700)
  18. Bus Driver (USD 5,800)
  19. Artist (USD 5,900)
  20. Truck Driver (USD 6,000)
List with best paid industries in LiechtensteinDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 18,200)
  2. Business and Management (USD 15,500)
  3. Marketing and Sales (USD 14,300)
  4. Engineering (USD 13,200)
  5. Law (USD 12,500)
  6. Accounting and Finance (USD 12,400)
  7. Computer and Information Technology (USD 12,100)
  8. Transportation and Logistics (USD 11,800)
  9. Science (USD 11,800)
  10. Education and Training (USD 9,700)
  11. Other (USD 7,200)
  12. Hospitality and Tourism (USD 6,100)
  13. Social Services (USD 5,000)
  14. Services (USD 4,500)