Average Salary in Macao 2024

Discover the intricacies of salary in Macao through this comprehensive article. Delve into the pay scale, where industries differ drastically in compensation, and uncover the wage gap that exists within the region. Understand the patterns of salary yearly increments and how they reflect the dynamic job market. Gain insights into the breakdown of earnings over education levels and years of experience, shedding light on the factors that contribute to income disparities. Stay informed about the fascinating salary landscape in Macao with this insightful piece.
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 Macao in 2024?

What is the average salary in Macao in 2024?
2,700USD
(USD 31,700 yearly)
Low 1,200 USD
Average 2,700 USD
High 11,700 USD
A person working in Macao typically earns around USD 2,700 per month. Salaries range from USD 1,200 (lowest average) to USD 11,700 (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 Macao 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 Macao

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 11,700, 75% of the people earn USD 3,700 or less. 50% employees earn less USD 2,600 or less, 25% of the employees earn less than USD 2,000.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 11,700, 75% of the people earn USD 3,700 or less. 50% employees earn less USD 2,600 or less, 25% of the employees earn less than USD 2,000.

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 Macao the minimum salary is USD 1,200.

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 Macao the median salary is USD 2,100.

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 Macao the salary ranges from USD 1,200 to USD 11,700.

Annual Salary Increments in Macao

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

In 2024, employees based in Macao 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
In 2024, the average salary increment for Macao employees was 0.8%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in Macao

In recent years, the salary of employees in Macao has witnessed an average yearly increase of 3.0%. This corresponds to a range of 0.3% to 6.0% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Within the past years, employees in Macao have seen their salaries increase by an average of 3.0% per year. This encompasses a range of 0.3% to 6.0% increment per year.

Salary Forecast and Trends for the Future in Macao

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 3.4%. Estimated range is between 1.9% and 5.2%.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 3.4%. Estimated range is between 1.9% and 5.2%.

Gender Wage Gap in Macao

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

The wage gap in Macao currently stands at 5.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In terms of wage disparity, Macao experiences 5.0%.
It's due to many factors, such as:
  • Gender disparity.
  • On average, women use 10% more paid vacation days per year compared to men.
  • A college degree is more frequently attained by men than women.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • Part-time work is more common among women, and they typically earn less than their full-time counterparts.
  • 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 attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater 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

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. Apart from financial rewards, pursuing a bachelor's degree fosters personal growth, nurtures critical thinking skills, and provides the chance to specialize in a specific area of interest. It also facilitates valuable networking opportunities and encourages the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that paves the way for a more fulfilling 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. 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 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 12%-16%. Expertise and leadership earn 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 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 nearly 12%-16%. Expertise and leadership secure 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 Macao

What is the average hourly wage in the Macao?

Average Hourly Wage
16USD
Low 7 USD
Average 16 USD
High 68 USD

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

  • Income instability: Hourly wages may result in irregular or fluctuating income, making 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 normally affiliated 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 hard to maintain consistent routines.
  • Uncertain job security: Hourly positions may experience higher job insecurity than salaried positions due to their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Certain hourly positions may offer limited chances for career advancement, professional growth, or upward movement within the company.
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 Macao

What are the best paying jobs in Macao?

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

Highest paying jobs Macao?

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

Lowest paying jobs Macao?

  1. Cashier (USD 1,300)
  2. Childcare Worker (USD 1,400)
  3. Stock clerk (USD 1,400)
  4. Elder Care Worker (USD 1,400)
  5. Receptionist (USD 1,400)
  6. Bartender (USD 1,500)
  7. Food and beverage server (USD 1,600)
  8. Janitor (USD 1,600)
  9. Waiter (USD 1,600)
  10. Tour Guide (USD 1,600)
  11. Customer Service Representative (USD 1,900)
  12. Hotel Concierge (USD 1,900)
  13. Rehabilitation Counselor (USD 2,000)
  14. Travel Agent (USD 2,100)
  15. Secretary (USD 2,200)
  16. Painter (USD 2,300)
  17. Carpenter (USD 2,300)
  18. Bus Driver (USD 2,400)
  19. Artist (USD 2,400)
  20. Truck Driver (USD 2,500)
List with best paid industries in MacaoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 7,400)
  2. Business and Management (USD 6,300)
  3. Marketing and Sales (USD 5,800)
  4. Engineering (USD 5,400)
  5. Law (USD 5,100)
  6. Accounting and Finance (USD 5,000)
  7. Computer and Information Technology (USD 4,900)
  8. Transportation and Logistics (USD 4,800)
  9. Science (USD 4,800)
  10. Education and Training (USD 4,000)
  11. Other (USD 3,000)
  12. Hospitality and Tourism (USD 2,500)
  13. Social Services (USD 2,000)
  14. Services (USD 1,900)