Average Salary in Saint Helena, Ascension and Tristan da Cunha 2024

Discover the fascinating salary landscape in Saint Helena, Ascension and Tristan da Cunha! This article unveils comprehensive insights on pay scales, wage gaps, yearly increments, and the breakdown of salaries across different education levels and years of experience. Gain a deeper understanding of the intricate dynamics that shape salaries in this unique territory, ensuring you stay informed and empowered in the context of employment negotiations and career decisions.
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 Saint Helena, Ascension and Tristan da Cunha in 2024?

What is the average salary in Saint Helena, Ascension and Tristan da Cunha in 2024?
870USD
(USD 10,400 yearly)
Low 390 USD
Average 870 USD
High 3,800 USD
In Saint Helena, Ascension and Tristan da Cunha, the average salary is USD 870 per month. However, salaries can range from USD 390 (lowest average) to USD 3,800 (highest average, actual maximum salary is higher). Keep in mind that these salaries include housing, transport, and other benefits. Careers can have vastly different salary ranges. For specific job titles and their corresponding salaries, please refer below.
In comparison with average salary in Saint Helena, Ascension and Tristan da Cunha in 2023, salaries changed by +0.8% 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 Saint Helena, Ascension and Tristan da Cunha

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,800, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 840 or less, 25% of the employees earn less than USD 630.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,800, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 840 or less, 25% of the employees earn less than USD 630.

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 Saint Helena, Ascension and Tristan da Cunha the minimum salary is USD 390.

Median Salary

With half of the values above and half below it, the median salary in Saint Helena, Ascension and Tristan da Cunha is USD 690, serving as the middle point of all salaries in a dataset. This stat provides a more balanced perspective on income distribution and is commonly employed 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 Saint Helena, Ascension and Tristan da Cunha the salary ranges from USD 390 to USD 3,800.

Annual Salary Increments in Saint Helena, Ascension and Tristan da Cunha

What is the average annual salary increment in the Saint Helena, Ascension and Tristan da Cunha? How frequently do employees receive salary raises?

In 2024, the average salary increase for employees in Saint Helena, Ascension and Tristan da Cunha was around 0.8%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Saint Helena, Ascension and Tristan da Cunha experienced approximately 0.8% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.8%.

Historical Graph of Annual Salary Increments in Saint Helena, Ascension and Tristan da Cunha

In recent years, the salary of employees in Saint Helena, Ascension and Tristan da Cunha has witnessed an average yearly increase of 3.2%. This corresponds to a range of 0.8% to 5.0% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in Saint Helena, Ascension and Tristan da Cunha over the past years ranged from 0.8% to 5.0%. On average, this represents a 3.2% increment per year.

Salary Forecast and Trends for the Future in Saint Helena, Ascension and Tristan da Cunha

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 3.9%. Estimated range is between 2.1% and 5.9%.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 3.9%. Estimated range is between 2.1% and 5.9%.

Gender Wage Gap in Saint Helena, Ascension and Tristan da Cunha

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

5.0% is the current wage gap in Saint Helena, Ascension and Tristan da Cunha.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay disparity in Saint Helena, Ascension and Tristan da Cunha is 5.0%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On average, women take 10% more days of paid vacation than men each year.
  • Women are less likely than men to have a college degree.
  • Men are less inclined than women to assume caregiving responsibilities for children and elderly relatives.
  • Part-time work is more common among women, and they typically earn less than their full-time counterparts.
  • Men are more likely to work in higher-paying occupations than women.

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 a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader 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

Completing high school and receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Alongside financial advantages, pursuing a bachelor's degree fosters personal growth, develops critical thinking skills, and offers the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and promotes the cultivation 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. illustrates a profound commitment to expanding human understanding and forging 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 18%-22% 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 approximately 10%-14%. Expertise and leadership yield higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% 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 18%-22% 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 10%-14%. Expertise and leadership yield 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 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Saint Helena, Ascension and Tristan da Cunha

What is the average hourly wage in the Saint Helena, Ascension and Tristan da Cunha?

Average Hourly Wage
5USD
Low 2 USD
Average 5 USD
High 22 USD

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

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • 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 associated with 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 hard to maintain consistent routines.
  • Uncertain job security: Job insecurity may be more prevalent in hourly positions than in salaried positions, as they are susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: There may be limited opportunities for career growth, professional development, or upward mobility within the organization in some 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 Saint Helena, Ascension and Tristan da Cunha

What are the best paying jobs in Saint Helena, Ascension and Tristan da Cunha?

List with best paid jobs in Saint Helena, Ascension and Tristan da CunhaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Saint Helena, Ascension and Tristan da Cunha?

  1. Surgeon (USD 3,800)
  2. Doctor (USD 3,400)
  3. Chief Executive Officer (CEO) (USD 3,300)
  4. Registered Nurse Anesthetist (USD 3,200)
  5. Dentist (USD 3,100)
  6. Airline Pilot (USD 3,000)
  7. Intellectual Property Lawyer (USD 2,900)
  8. Marketing Manager (USD 2,500)
  9. Marketing Director (USD 2,500)
  10. Sales Director (USD 2,400)
  11. Sales Manager (USD 2,400)
  12. Petroleum Engineer (USD 2,400)
  13. Brand Manager (USD 2,300)
  14. Marketer (USD 2,300)
  15. Judge (USD 2,300)
  16. Treasurer (USD 2,200)
  17. Controller (USD 2,200)
  18. Pharmacist (USD 2,200)
  19. Tax Lawyer (USD 2,200)
  20. Lawyer (USD 2,200)
List with worst paid jobs in Saint Helena, Ascension and Tristan da CunhaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Saint Helena, Ascension and Tristan da Cunha?

  1. Cashier (USD 410)
  2. Childcare Worker (USD 430)
  3. Stock clerk (USD 440)
  4. Elder Care Worker (USD 440)
  5. Receptionist (USD 450)
  6. Bartender (USD 490)
  7. Food and beverage server (USD 500)
  8. Janitor (USD 500)
  9. Waiter (USD 510)
  10. Tour Guide (USD 510)
  11. Customer Service Representative (USD 620)
  12. Hotel Concierge (USD 620)
  13. Rehabilitation Counselor (USD 630)
  14. Travel Agent (USD 680)
  15. Secretary (USD 700)
  16. Painter (USD 730)
  17. Carpenter (USD 750)
  18. Bus Driver (USD 770)
  19. Artist (USD 780)
  20. Truck Driver (USD 790)
List with best paid industries in Saint Helena, Ascension and Tristan da CunhaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,400)
  2. Business and Management (USD 2,100)
  3. Marketing and Sales (USD 1,900)
  4. Engineering (USD 1,800)
  5. Law (USD 1,700)
  6. Accounting and Finance (USD 1,700)
  7. Computer and Information Technology (USD 1,600)
  8. Transportation and Logistics (USD 1,600)
  9. Science (USD 1,600)
  10. Education and Training (USD 1,300)
  11. Other (USD 950)
  12. Hospitality and Tourism (USD 800)
  13. Social Services (USD 660)
  14. Services (USD 600)