Average Salary in San Marino 2024

Exploring the Salary Landscape in San Marino: Unveiling pay scales, wage gaps, yearly increments, and educational breakdown. Discover the intricacies of salary structures in this captivating article, as we delve into the fascinating world of San Marino's workforce. From dissecting the pay scale variations to uncovering the wage gaps prevalent in the country, we provide valuable insights into how education level and years of experience impact salaries. Gain a comprehensive understanding of the salary landscape in San Marino, unlocking crucial knowledge for professionals and employers alike.
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 San Marino in 2024?

What is the average salary in San Marino in 2024?
3,300EUR
(EUR 39,400 yearly)
Low 1,500 EUR
Average 3,300 EUR
High 14,500 EUR
If you work in San Marino, your average salary will be approximately EUR 3,300 per month. Salaries can vary, with the lowest average at EUR 1,500 and the highest average at EUR 14,500 (actual maximum salary is higher). The mentioned salary includes housing, transport, and other benefits. There is a significant salary disparity between different careers. For specific job titles and their corresponding salaries, please refer below.
In comparison with average salary in San Marino in 2023, salaries changed by +0.8% so far. Looking ahead, economists project a gradual recovery in the job market. At the end of the year, we will be able to fully compare 2023 and 2024.

Pay Scale and Salaries in San Marino

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than EUR 14,500, 75% of the people earn EUR 4,600 or less. 50% employees earn less EUR 3,200 or less, 25% of the employees earn less than EUR 2,400.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than EUR 14,500, 75% of the people earn EUR 4,600 or less. 50% employees earn less EUR 3,200 or less, 25% of the employees earn less than EUR 2,400.

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 San Marino the minimum salary is EUR 1,500.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In San Marino the median salary is EUR 2,600.

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 San Marino the salary ranges from EUR 1,500 to EUR 14,500.

Annual Salary Increments in San Marino

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

In 2024, San Marino employees received an average salary increase of 0.8%. It's essential to note that this is an average figure across all job sectors. Globally, the average salary increment for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in San Marino witnessed an average salary growth of 0.8%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in San Marino

Within the past years, employees in San Marino have seen their salaries increase by an average of 3.5% per year. This encompasses a range of 0.8% to 6.2% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in San Marino received in recent years salary increase from 0.8% to 6.2% on average per year. It means 3.5% increment per year on average.

Salary Forecast and Trends for the Future in San Marino

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 3.6%. Estimated range is between 2.0% and 5.5%.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 3.6%. Estimated range is between 2.0% and 5.5%.

Gender Wage Gap in San Marino

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

In San Marino, the gender wage gap is 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in San Marino reaches 10.0%.
It's due to many factors, such as:
  • Gender bias.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • Men are more inclined than women to possess a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • When it comes to part-time employment, women outnumber men, and they tend to 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 earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. 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. manifests a strong passion for learning and advancing society through a rewarding 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 approximately 9%-13%. Expertise and leadership attain 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 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 around 9%-13%. Expertise and leadership bring 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 San Marino

What is the average hourly wage in the San Marino?

Average Hourly Wage
19EUR
Low 9 EUR
Average 19 EUR
High 85 EUR

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 usually 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 disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions have a higher risk of job insecurity compared to salaried positions because of their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, 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 San Marino

What are the best paying jobs in San Marino?

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

Highest paying jobs San Marino?

  1. Surgeon (EUR 14,300)
  2. Doctor (EUR 12,900)
  3. Chief Executive Officer (CEO) (EUR 12,300)
  4. Registered Nurse Anesthetist (EUR 12,000)
  5. Dentist (EUR 11,500)
  6. Airline Pilot (EUR 11,100)
  7. Intellectual Property Lawyer (EUR 10,700)
  8. Marketing Manager (EUR 9,500)
  9. Marketing Director (EUR 9,500)
  10. Sales Director (EUR 8,900)
  11. Sales Manager (EUR 8,900)
  12. Petroleum Engineer (EUR 8,900)
  13. Brand Manager (EUR 8,700)
  14. Marketer (EUR 8,700)
  15. Judge (EUR 8,500)
  16. Treasurer (EUR 8,400)
  17. Controller (EUR 8,400)
  18. Pharmacist (EUR 8,200)
  19. Tax Lawyer (EUR 8,100)
  20. Lawyer (EUR 8,100)
List with worst paid jobs in San MarinoDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs San Marino?

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

Highest paying jobs by industry

  1. Healthcare (EUR 9,200)
  2. Business and Management (EUR 7,800)
  3. Marketing and Sales (EUR 7,200)
  4. Engineering (EUR 6,600)
  5. Law (EUR 6,300)
  6. Accounting and Finance (EUR 6,200)
  7. Computer and Information Technology (EUR 6,100)
  8. Transportation and Logistics (EUR 6,000)
  9. Science (EUR 5,900)
  10. Education and Training (EUR 4,900)
  11. Other (EUR 3,700)
  12. Hospitality and Tourism (EUR 3,100)
  13. Social Services (EUR 2,500)
  14. Services (EUR 2,300)