Average Salary in Russian Federation 2024

Discover the dynamics of salary in the Russian Federation, where this comprehensive article unveils key details on the pay scale, wage gap, yearly increments, and the breakdown according to education level and years of experience. Explore the intricacies of salaries in Russia as we delve into important factors that shape earnings and provide valuable insights into the country's evolving economic landscape. Stay informed and make informed decisions with this essential resource. Read more now!
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 Russian Federation in 2024?

What is the average salary in Russian Federation in 2024?
560USD
(USD 6,700 yearly)
Low 250 USD
Average 560 USD
High 2,500 USD
A person working in Russian Federation typically earns around USD 560 per month. Salaries range from USD 250 (lowest average) to USD 2,500 (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 Russian Federation in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. The full comparison between 2023 and 2024 will be available by the year's end.

Pay Scale and Salaries in Russian Federation

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,500, 75% of the people earn USD 770 or less. 50% employees earn less USD 540 or less, 25% of the employees earn less than USD 410.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,500, 75% of the people earn USD 770 or less. 50% employees earn less USD 540 or less, 25% of the employees earn less than USD 410.

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 Russian Federation the minimum salary is USD 250.

Median Salary

In Russian Federation, the median salary of USD 440 represents the middle point of all salaries in a dataset. This metric offers a more equitable perspective on income distribution and is frequently employed to assess average earnings across different 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 Russian Federation the salary ranges from USD 250 to USD 2,500.

Annual Salary Increments in Russian Federation

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

The year 2024 saw employees in Russian Federation receiving an average salary increment of 0.6%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, Russian Federation 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 Russian Federation

Employees in Russian Federation received in recent years salary increase from 0.6% to 4.7% on average per year. It means 2.4% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
The salary of employees in Russian Federation has been increasing in recent years, with an average yearly increment of 2.4%. The increment ranges from 0.6% to 4.7% per year.

Salary Forecast and Trends for the Future in Russian Federation

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 Russian Federation

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

The wage gap in Russian Federation currently stands at 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Russian Federation reaches 11.0%.
It's due to many factors, such as:
  • Discrimination based on gender.
  • On average, women take 10% additional days of paid vacation compared to men each year.
  • Compared to men, women have a lower likelihood of having a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Part-time work is more common among women, and they typically earn less than their full-time counterparts.
  • Women tend to gravitate towards lower-paying occupations more than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

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. 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 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. Apart from monetary benefits, pursuing a bachelor's degree nurtures personal growth, fosters critical thinking skills, and enables specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and promotes the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that leads to a more enriching 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. demonstrates a strong dedication to knowledge and paves the way for a successful 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 nearly 11%-15%. Expertise and leadership acquire higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% 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 roughly 11%-15%. Expertise and leadership gain 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 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Russian Federation

What is the average hourly wage in the Russian Federation?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 14 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 ordinarily related 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: Job insecurity can be higher in hourly positions compared to salaried positions due to susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Within the organization, a few hourly jobs may present 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 Russian Federation

What are the best paying jobs in Russian Federation?

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

Highest paying jobs Russian Federation?

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

Lowest paying jobs Russian Federation?

  1. Cashier (USD 260)
  2. Childcare Worker (USD 280)
  3. Stock clerk (USD 280)
  4. Elder Care Worker (USD 280)
  5. Receptionist (USD 290)
  6. Bartender (USD 320)
  7. Food and beverage server (USD 320)
  8. Janitor (USD 320)
  9. Waiter (USD 330)
  10. Tour Guide (USD 330)
  11. Customer Service Representative (USD 400)
  12. Hotel Concierge (USD 400)
  13. Rehabilitation Counselor (USD 410)
  14. Travel Agent (USD 440)
  15. Secretary (USD 450)
  16. Painter (USD 470)
  17. Carpenter (USD 480)
  18. Bus Driver (USD 500)
  19. Artist (USD 500)
  20. Truck Driver (USD 510)
List with best paid industries in Russian FederationDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,600)
  2. Business and Management (USD 1,400)
  3. Marketing and Sales (USD 1,300)
  4. Engineering (USD 1,200)
  5. Law (USD 1,100)
  6. Accounting and Finance (USD 1,100)
  7. Computer and Information Technology (USD 1,100)
  8. Transportation and Logistics (USD 1,000)
  9. Science (USD 990)
  10. Education and Training (USD 820)
  11. Other (USD 610)
  12. Hospitality and Tourism (USD 510)
  13. Social Services (USD 420)
  14. Services (USD 380)