Average Salary in Marshall Islands 2024

Marshall Islands Salary Guide: Unraveling Pay Scales, Wage Gaps, and Incremental Trends Delve into the intricacies of salary structures in the picturesque Marshall Islands with our comprehensive guide. Explore the pay scale fluctuations based on industry, uncover the wage gaps between various sectors, and gain insights into the yearly increments across professions. With a keen focus on education level or years of experience, discover how salaries are intricately divided and rewarded accordingly. Explore this in-depth analysis to navigate the salary landscape of Marshall Islands successfully. Stay informed, make informed career decisions.
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 Marshall Islands in 2024?

What is the average salary in Marshall Islands in 2024?
1,400USD
(USD 16,600 yearly)
Low 620 USD
Average 1,400 USD
High 6,100 USD
You can expect to earn around USD 1,400 per month if you work in Marshall Islands. Keep in mind that salaries can range from USD 620 (lowest average) to USD 6,100 (highest average, actual maximum salary is higher). This average salary includes housing, transport, and other benefits. Salaries differ greatly depending on the career. For detailed salary information on specific job titles, please refer below.
In comparison with average salary in Marshall Islands in 2023, salaries changed by +0.7% 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 this year.

Pay Scale and Salaries in Marshall Islands

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 6,100, 75% of the people earn USD 2,000 or less. 50% employees earn less USD 1,400 or less, 25% of the employees earn less than USD 1,000.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 6,100, 75% of the people earn USD 2,000 or less. 50% employees earn less USD 1,400 or less, 25% of the employees earn less than USD 1,000.

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 Marshall Islands the minimum salary is USD 620.

Median Salary

With half of the values above and half below it, the median salary in Marshall Islands is USD 1,100, serving as the middle point of all salaries in a dataset. This stat provides a more balanced perspective on income distribution and is commonly employed 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 Marshall Islands the salary ranges from USD 620 to USD 6,100.

Annual Salary Increments in Marshall Islands

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

The year 2024 saw employees in Marshall Islands receiving an average salary increment of 0.7%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Marshall Islands witnessed an average salary increase of 0.7%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Marshall Islands

In recent years, the salary of employees in Marshall Islands has witnessed an average yearly increase of 2.6%. This corresponds to a range of 0.4% to 6.0% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
In the past years, employees in Marshall Islands have seen their salaries rise by an average of 2.6% per year. The increment ranges from 0.4% to 6.0% per year on average.

Salary Forecast and Trends for the Future in Marshall Islands

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 2.9%. Estimated range is between 1.6% and 4.4%.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 2.9%. Estimated range is between 1.6% and 4.4%.

Gender Wage Gap in Marshall Islands

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

In terms of wage disparity, Marshall Islands experiences 7.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay gap in Marshall Islands is currently 7.0%.
It's due to many factors, such as:
  • Bias towards a particular gender.
  • On average, women take 10% extra days off as paid vacation annually in comparison to men.
  • Men are more inclined than women to possess a college degree.
  • Taking up caregiving responsibilities for children and elderly relatives is more common among women than among men.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • Women are more likely to work in lower-paying occupations than 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

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. epitomizes a lifelong dedication to acquiring knowledge and paving the way for an inspiring and impactful 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 around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% 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 about 7%-11%. 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 23%-27% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Marshall Islands

What is the average hourly wage in the Marshall Islands?

Average Hourly Wage
8USD
Low 4 USD
Average 8 USD
High 36 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 usually attributed 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 interrupt work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: When it comes to job insecurity, hourly positions are often more affected than salaried positions due to layoffs, downsizing, or changes in demand.
  • Limited career advancement: In some cases, hourly jobs might provide minimal 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 Marshall Islands

What are the best paying jobs in Marshall Islands?

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

Highest paying jobs Marshall Islands?

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

Lowest paying jobs Marshall Islands?

  1. Cashier (USD 650)
  2. Childcare Worker (USD 680)
  3. Stock clerk (USD 700)
  4. Elder Care Worker (USD 700)
  5. Receptionist (USD 720)
  6. Bartender (USD 790)
  7. Food and beverage server (USD 790)
  8. Janitor (USD 800)
  9. Waiter (USD 810)
  10. Tour Guide (USD 820)
  11. Customer Service Representative (USD 980)
  12. Hotel Concierge (USD 990)
  13. Rehabilitation Counselor (USD 1,000)
  14. Travel Agent (USD 1,100)
  15. Secretary (USD 1,200)
  16. Painter (USD 1,200)
  17. Carpenter (USD 1,200)
  18. Bus Driver (USD 1,300)
  19. Artist (USD 1,300)
  20. Truck Driver (USD 1,300)
List with best paid industries in Marshall IslandsDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 3,900)
  2. Business and Management (USD 3,300)
  3. Marketing and Sales (USD 3,000)
  4. Engineering (USD 2,800)
  5. Law (USD 2,700)
  6. Accounting and Finance (USD 2,600)
  7. Computer and Information Technology (USD 2,600)
  8. Transportation and Logistics (USD 2,500)
  9. Science (USD 2,500)
  10. Education and Training (USD 2,100)
  11. Other (USD 1,600)
  12. Hospitality and Tourism (USD 1,300)
  13. Social Services (USD 1,100)
  14. Services (USD 950)