Discover the salary of a Chemical Engineer job in Nicaragua. Get insights into the average pay scale, compensation benefits, and factors that influence salary. Explore the earning potential and competitive remuneration packages offered in this dynamic field. Stay informed about the latest industry trends and find out how your qualifications and experience can impact your earning potential as a Chemical Engineer.
What is the average Chemical Engineer salary in Nicaragua in 2024?
Average Chemical Engineer monthly salary
640USD
(USD 7,600 yearly)
Low540USD
Average640USD
High730USD
In Nicaragua, the average annual salary for individuals is approximately USD 640 per month. Salary levels range from USD 540 (lowest average) to USD 730 (highest average, actual maximum salary is higher). This average salary encompasses various benefits such as housing, transportation, etc. Salaries exhibit substantial variation across different occupations. To find out the salary of a particular job, please refer to the specific job title salaries below.
Chemical Engineer Pay Scale and Salaries in Nicaragua
Pay Scale Comparison and Salary Structure
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Salary Structure
In Nicaragua, nearly everyone working as a Chemical Engineer earns less than USD 1,300. Approximately 75% of Chemical Engineers in Nicaragua earn USD 390 or less. Half of the employees in Nicaragua who work as Chemical Engineers earn less than USD 280, while the remaining 25% of Chemical Engineers in Nicaragua earn less than USD 210.
Minimum Wage and Starting Salary
Minimum Wage and Starting Salary, specific to Chemical Engineer, refers to the fundamental pay levels for entry-level positions in this field. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires in Chemical Engineer, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Nicaragua, the minimum salary for Chemical Engineer is USD 540.
Median Salary
Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. In Nicaragua, the median salary is USD 500, which is commonly used to gauge average earnings in various professions and industries. It provides a more balanced view of income distribution, making it less sensitive to extreme values.
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 Nicaragua, expected salary for the position of Chemical Engineer typically ranges from USD 540 to USD 730.
