Average Salary in Peru 2024

Discover the Comprehensive Salary Landscape in Peru: From pay scales and wage gaps to yearly increments and breakdowns based on education level or years of experience, this article offers a unique glimpse into Peru's salary landscape. Gain valuable insights into the dynamic job market, as we explore the factors shaping remuneration and uncover opportunities for growth. Stay updated with the latest trends and developments in Peru's employment sector to make informed decisions about your career and salary expectations.
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 Peru in 2024?

What is the average salary in Peru in 2024?
410USD
(USD 4,900 yearly)
Low 190 USD
Average 410 USD
High 1,800 USD
A person working in Peru typically earns around USD 410 per month. Salaries range from USD 190 (lowest average) to USD 1,800 (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 Peru 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 Peru

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,800, 75% of the people earn USD 560 or less. 50% employees earn less USD 400 or less, 25% of the employees earn less than USD 300.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,800, 75% of the people earn USD 560 or less. 50% employees earn less USD 400 or less, 25% of the employees earn less than USD 300.

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 Peru the minimum salary is USD 190.

Median Salary

The median salary for Peru is USD 320, depicting the middle point of all salaries in a dataset. This figure provides a more balanced view of income distribution and is commonly used to estimate 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 Peru the salary ranges from USD 190 to USD 1,800.

Annual Salary Increments in Peru

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

In 2024, the average salary increment for Peru employees was 0.7%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Peru 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 Peru

Within the past years, employees in Peru have seen their salaries increase by an average of 2.6% per year. This encompasses a range of 0.7% to 4.9% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
On average, employees in Peru experienced a salary increase ranging from 0.7% to 4.9% per year in recent years. This translates to an average increment of 2.6% per year.

Salary Forecast and Trends for the Future in Peru

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 Peru

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

In Peru, the gender wage gap is 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Peru is 11.0%.
It's due to many factors, such as:
  • Sexism.
  • On average, women have 10% longer paid vacations than men each year.
  • Women are less likely than men to have a college degree.
  • Men are less likely than women to assume caregiving responsibilities for children and elderly relatives.
  • In comparison to men, women are more prone to working part-time, resulting in lower earnings compared to full-time workers.
  • Compared to men, women have a higher likelihood of working in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

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. 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 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. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks 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. exemplifies a relentless pursuit of excellence and a path towards a transformative 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 around 5%-9%. Expertise and leadership bring higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 20%-24% 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 approximately 5%-9%. Expertise and leadership attain 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 20%-24% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Peru

What is the average hourly wage in the Peru?

Average Hourly Wage
2USD
Low 1 USD
Average 2 USD
High 10 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 difficult 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 linked 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 disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: Limited opportunities for career growth, professional development, or upward mobility within the organization may be observed in certain hourly jobs.
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 Peru

What are the best paying jobs in Peru?

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

Highest paying jobs Peru?

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

Lowest paying jobs Peru?

  1. Cashier (USD 190)
  2. Childcare Worker (USD 200)
  3. Stock clerk (USD 210)
  4. Elder Care Worker (USD 210)
  5. Receptionist (USD 220)
  6. Bartender (USD 230)
  7. Food and beverage server (USD 240)
  8. Janitor (USD 240)
  9. Waiter (USD 240)
  10. Tour Guide (USD 240)
  11. Customer Service Representative (USD 290)
  12. Hotel Concierge (USD 290)
  13. Rehabilitation Counselor (USD 300)
  14. Travel Agent (USD 320)
  15. Secretary (USD 330)
  16. Painter (USD 340)
  17. Carpenter (USD 360)
  18. Bus Driver (USD 360)
  19. Artist (USD 370)
  20. Truck Driver (USD 370)
List with best paid industries in PeruDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,200)
  2. Business and Management (USD 960)
  3. Marketing and Sales (USD 880)
  4. Engineering (USD 820)
  5. Law (USD 770)
  6. Accounting and Finance (USD 770)
  7. Computer and Information Technology (USD 750)
  8. Transportation and Logistics (USD 730)
  9. Science (USD 730)
  10. Education and Training (USD 600)
  11. Other (USD 450)
  12. Hospitality and Tourism (USD 380)
  13. Social Services (USD 310)
  14. Services (USD 280)