Discover the salary of a Chemical Engineer job in Panama. 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 Panama in 2024?
Average Chemical Engineer monthly salary
1,800USD
(USD 21,500 yearly)
Low1,600USD
Average1,800USD
High2,100USD
The average yearly earnings for individuals working in Panama amount to around USD 1,800 per month. Salaries vary between USD 1,600 (lowest average) and USD 2,100 (highest average, actual maximum salary is higher). This average salary includes allowances for housing, transportation, and other benefits. Salaries differ considerably across different career paths. If you are interested in the salary of a particular job, please see the specific job title salaries below.
Chemical Engineer Pay Scale and Salaries in Panama
Pay Scale Comparison and Salary Structure
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Salary Structure
In Panama, nearly everyone working as a Chemical Engineer earns less than USD 3,500. Approximately 75% of Chemical Engineers in Panama earn USD 1,100 or less. Half of the employees in Panama who work as Chemical Engineers earn less than USD 770, while the remaining 25% of Chemical Engineers in Panama earn less than USD 580.
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 Panama, the minimum salary for Chemical Engineer is USD 1,600.
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 Panama the median salary is USD 1,500.
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 Panama, the salary for the position of Chemical Engineer typically ranges from USD 1,600 to USD 2,100.
