Average Salary in Puerto Rico 2024

Discover the intricacies of the salary dynamics in Puerto Rico as we delve into the pay scale, wage gap, annual salary increments, and breakdown based on education level and years of experience. Gain valuable insights into the local job market and understand how salaries vary across professions, helping you make informed decisions about your career prospects or recruitment practices. Stay ahead of the game with our comprehensive analysis that sheds light on the nuances of Puerto Rico's salary landscape.
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 Puerto Rico in 2024?

What is the average salary in Puerto Rico in 2024?
2,300USD
(USD 26,800 yearly)
Low 1,100 USD
Average 2,300 USD
High 9,900 USD
The typical earnings in Puerto Rico amount to around USD 2,300 per month. However, the salary spectrum extends from as low as USD 1,100 (lowest average) to as high as USD 9,900 (highest average, actual maximum salary is higher). Please note that this includes housing, transport, and other benefits. Salaries can vary greatly among different careers. If you are curious about the salary of a particular job, please see the information on specific job titles below.
In comparison with average salary in Puerto Rico in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. A complete comparison between 2023 and 2024 will be available at the end of this year.

Pay Scale and Salaries in Puerto Rico

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 9,900, 75% of the people earn USD 3,100 or less. 50% employees earn less USD 2,200 or less, 25% of the employees earn less than USD 1,700.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 9,900, 75% of the people earn USD 3,100 or less. 50% employees earn less USD 2,200 or less, 25% of the employees earn less than USD 1,700.

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 Puerto Rico the minimum salary is USD 1,100.

Median Salary

In Puerto Rico, the median salary is USD 1,800, which represents the middle point of all salaries in a dataset, with half of the values above and half below it. This measurement provides a more balanced view of income distribution and is commonly used 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 Puerto Rico the salary ranges from USD 1,100 to USD 9,900.

Annual Salary Increments in Puerto Rico

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

In 2024, the average salary increment for Puerto Rico employees was 0.6%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, Puerto Rico employees received an average salary increase of 0.6%. It's essential to note that this is an average figure across all job sectors. Globally, the average salary increment for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Puerto Rico

In recent years, the salary of employees in Puerto Rico has witnessed an average yearly increase of 2.6%. This corresponds to a range of -0.3% to 5.7% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Puerto Rico employees have, on average, received a yearly salary increase of 2.6% in recent years. The increment has ranged from -0.3% to 5.7% per year.

Salary Forecast and Trends for the Future in Puerto Rico

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 2.1%. Estimated range is between 1.2% and 3.3%.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 2.1%. Estimated range is between 1.2% and 3.3%.

Gender Wage Gap in Puerto Rico

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

The wage gap in Puerto Rico currently stands at 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Puerto Rico reaches 10.0%.
It's due to many factors, such as:
  • Gender inequality.
  • On an average, women take 10% more days of paid leave compared to men annually.
  • Men are more inclined than women to possess a college degree.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • The likelihood of women working part-time is higher than that of men, and part-time workers generally 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?

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array 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

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. Along with financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and allows for specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and fosters the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to 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. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling 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 13%-17% 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 nearly 10%-14%. Expertise and leadership secure 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 13%-17% 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 10%-14%. Expertise and leadership acquire 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 Puerto Rico

What is the average hourly wage in the Puerto Rico?

Average Hourly Wage
13USD
Low 6 USD
Average 13 USD
High 58 USD

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

  • Income instability: It can be challenging to budget and plan for expenses when the income from hourly wages is irregular or fluctuating.
  • 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 typically connected 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 disturb work-life balance and make it hard 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: Some hourly positions within the organization may offer limited opportunities for career growth, professional development, or upward mobility.
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 Puerto Rico

What are the best paying jobs in Puerto Rico?

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

Highest paying jobs Puerto Rico?

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

Lowest paying jobs Puerto Rico?

  1. Cashier (USD 1,100)
  2. Childcare Worker (USD 1,100)
  3. Stock clerk (USD 1,200)
  4. Elder Care Worker (USD 1,200)
  5. Receptionist (USD 1,200)
  6. Bartender (USD 1,300)
  7. Food and beverage server (USD 1,300)
  8. Janitor (USD 1,300)
  9. Waiter (USD 1,400)
  10. Tour Guide (USD 1,400)
  11. Customer Service Representative (USD 1,600)
  12. Hotel Concierge (USD 1,700)
  13. Rehabilitation Counselor (USD 1,700)
  14. Travel Agent (USD 1,800)
  15. Secretary (USD 1,900)
  16. Painter (USD 1,900)
  17. Carpenter (USD 2,000)
  18. Bus Driver (USD 2,000)
  19. Artist (USD 2,000)
  20. Truck Driver (USD 2,100)
List with best paid industries in Puerto RicoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 6,300)
  2. Business and Management (USD 5,300)
  3. Marketing and Sales (USD 4,900)
  4. Engineering (USD 4,500)
  5. Law (USD 4,300)
  6. Accounting and Finance (USD 4,300)
  7. Computer and Information Technology (USD 4,200)
  8. Transportation and Logistics (USD 4,100)
  9. Science (USD 4,000)
  10. Education and Training (USD 3,400)
  11. Other (USD 2,500)
  12. Hospitality and Tourism (USD 2,100)
  13. Social Services (USD 1,700)
  14. Services (USD 1,600)