Average Salary in Saint Vincent and the Grenadines 2024

Are you curious about salary trends in Saint Vincent and the Grenadines? This article explores various aspects, such as the pay scale, wage gap, yearly increments, and breakdown based on education level or years of experience. Discover the intricacies of the local job market, gain insights into income disparities, and stay informed about salary expectations in this beautiful Caribbean nation. Stay ahead of the game and make informed decisions with this comprehensive resource.
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 Vincent and the Grenadines in 2024?

What is the average salary in Saint Vincent and the Grenadines in 2024?
610USD
(USD 7,300 yearly)
Low 280 USD
Average 610 USD
High 2,700 USD
The typical earnings in Saint Vincent and the Grenadines amount to around USD 610 per month. However, the salary spectrum extends from as low as USD 280 (lowest average) to as high as USD 2,700 (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 Saint Vincent and the Grenadines 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 Saint Vincent and the Grenadines

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,700, 75% of the people earn USD 840 or less. 50% employees earn less USD 590 or less, 25% of the employees earn less than USD 440.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,700, 75% of the people earn USD 840 or less. 50% employees earn less USD 590 or less, 25% of the employees earn less than USD 440.

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 Vincent and the Grenadines the minimum salary is USD 280.

Median Salary

Located in Saint Vincent and the Grenadines, the median salary is USD 480, signifying the middle point of all salaries in a dataset. This measurement offers a more equitable representation of income distribution and is widely 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 Saint Vincent and the Grenadines the salary ranges from USD 280 to USD 2,700.

Annual Salary Increments in Saint Vincent and the Grenadines

What is the average annual salary increment in the Saint Vincent and the Grenadines? How frequently do employees receive salary raises?

During 2024, Saint Vincent and the Grenadines recorded an average salary increment of around 0.6% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Saint Vincent and the Grenadines experienced approximately 0.6% 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 0.6%.

Historical Graph of Annual Salary Increments in Saint Vincent and the Grenadines

Employees based in Saint Vincent and the Grenadines have experienced a salary increase averaging 2.4% per year in recent years. This translates to a range of 0.6% to 4.5% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Saint Vincent and the Grenadines received in recent years salary increase from 0.6% to 4.5% on average per year. It means 2.4% increment per year on average.

Salary Forecast and Trends for the Future in Saint Vincent and the Grenadines

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 2.8%. Estimated range is between 1.6% and 4.3%.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 2.8%. Estimated range is between 1.6% and 4.3%.

Gender Wage Gap in Saint Vincent and the Grenadines

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

The gender pay gap in Saint Vincent and the Grenadines is currently 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Saint Vincent and the Grenadines reaches 10.0%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On an average, women take 10% more days of paid leave compared to men annually.
  • Compared to men, women have a lower likelihood of having a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • The majority of part-time workers are women, and they typically earn less than those in full-time positions.
  • 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

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. Besides financial benefits, pursuing a bachelor's degree fosters personal growth, sharpens critical thinking abilities, and enables specialization in a chosen field. It also provides valuable networking prospects and facilitates the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a life-altering path that opens doors to a more satisfying and successful 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 14%-18% 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 13%-17%. Expertise and leadership acquire higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 16%-20% 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 14%-18% 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 close to 13%-17%. Expertise and leadership receive 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 16%-20% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Saint Vincent and the Grenadines

What is the average hourly wage in the Saint Vincent and the Grenadines?

Average Hourly Wage
4USD
Low 2 USD
Average 4 USD
High 16 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 normally attributed 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 challenging 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: In some cases, hourly jobs might provide minimal prospects for career progression, professional development, or upward mobility within the organization.
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 Vincent and the Grenadines

What are the best paying jobs in Saint Vincent and the Grenadines?

List with best paid jobs in Saint Vincent and the GrenadinesDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Saint Vincent and the Grenadines?

  1. Surgeon (USD 2,700)
  2. Doctor (USD 2,400)
  3. Chief Executive Officer (CEO) (USD 2,300)
  4. Registered Nurse Anesthetist (USD 2,300)
  5. Dentist (USD 2,200)
  6. Airline Pilot (USD 2,100)
  7. Intellectual Property Lawyer (USD 2,000)
  8. Marketing Manager (USD 1,800)
  9. Marketing Director (USD 1,800)
  10. Sales Director (USD 1,700)
  11. Sales Manager (USD 1,700)
  12. Petroleum Engineer (USD 1,700)
  13. Brand Manager (USD 1,600)
  14. Marketer (USD 1,600)
  15. Judge (USD 1,600)
  16. Treasurer (USD 1,600)
  17. Controller (USD 1,600)
  18. Pharmacist (USD 1,600)
  19. Tax Lawyer (USD 1,500)
  20. Lawyer (USD 1,500)
List with worst paid jobs in Saint Vincent and the GrenadinesDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Saint Vincent and the Grenadines?

  1. Cashier (USD 290)
  2. Childcare Worker (USD 300)
  3. Stock clerk (USD 310)
  4. Elder Care Worker (USD 310)
  5. Receptionist (USD 320)
  6. Bartender (USD 350)
  7. Food and beverage server (USD 350)
  8. Janitor (USD 350)
  9. Waiter (USD 360)
  10. Tour Guide (USD 360)
  11. Customer Service Representative (USD 430)
  12. Hotel Concierge (USD 440)
  13. Rehabilitation Counselor (USD 440)
  14. Travel Agent (USD 480)
  15. Secretary (USD 500)
  16. Painter (USD 510)
  17. Carpenter (USD 530)
  18. Bus Driver (USD 540)
  19. Artist (USD 550)
  20. Truck Driver (USD 560)
List with best paid industries in Saint Vincent and the GrenadinesDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,700)
  2. Business and Management (USD 1,500)
  3. Marketing and Sales (USD 1,400)
  4. Engineering (USD 1,300)
  5. Law (USD 1,200)
  6. Accounting and Finance (USD 1,200)
  7. Computer and Information Technology (USD 1,200)
  8. Transportation and Logistics (USD 1,100)
  9. Science (USD 1,100)
  10. Education and Training (USD 900)
  11. Other (USD 670)
  12. Hospitality and Tourism (USD 560)
  13. Social Services (USD 460)
  14. Services (USD 420)