Average Salary in Serbia 2024

Unraveling the Salary Scene in Serbia: A Comprehensive Insight into Pay Scales, Wage Gaps, Yearly Increments, Education Levels, and Experience Years. Discover the intricacies of Serbia's salary landscape as we delve into the varying pay scales across industries, the prevailing wage gaps, and the potential yearly increments. Shedding light on the impact of education levels and years of experience, this article provides an all-encompassing overview for both employers and job seekers alike. Stay informed and make informed decisions in the Serbian job market.
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 Serbia in 2024?

What is the average salary in Serbia in 2024?
680USD
(USD 8,100 yearly)
Low 310 USD
Average 680 USD
High 3,000 USD
A person working in Serbia typically earns around USD 680 per month. Salaries range from USD 310 (lowest average) to USD 3,000 (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 Serbia 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 Serbia

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,000, 75% of the people earn USD 940 or less. 50% employees earn less USD 660 or less, 25% of the employees earn less than USD 490.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,000, 75% of the people earn USD 940 or less. 50% employees earn less USD 660 or less, 25% of the employees earn less than USD 490.

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 Serbia the minimum salary is USD 310.

Median Salary

The median salary in Serbia is USD 540, indicating the middle point of all salaries in a dataset, with half of the values above and half below it. This statistic offers a more balanced perspective on income distribution and is widely used 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 Serbia the salary ranges from USD 310 to USD 3,000.

Annual Salary Increments in Serbia

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

In 2024, the average salary increment for Serbia 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
During 2024, employees in Serbia witnessed an average salary growth of 0.6%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Serbia

On an average, employees in Serbia have received a salary increase ranging from 0.3% to 5.1% per year in recent years. This translates to an average increment of 2.6% per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Serbia received in recent years salary increase from 0.3% to 5.1% on average per year. It means 2.6% increment per year on average.

Salary Forecast and Trends for the Future in Serbia

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 2.4%. Estimated range is between 1.3% and 3.7%.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 2.4%. Estimated range is between 1.3% and 3.7%.

Gender Wage Gap in Serbia

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

Serbia has an actual wage gap of 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Serbia reaches 10.0%.
It's due to many factors, such as:
  • Discrimination based on gender.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • Women are less likely than men to have a college degree.
  • Caregiving responsibilities for children and elderly relatives are more often taken on by women than men.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to full-time positions.
  • When it comes to occupations, women are more inclined towards lower-paying ones than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

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. 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 indicative of someone's commitment to knowledge and their potential 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 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 roughly 9%-13%. Expertise and leadership earn higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% 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 close to 9%-13%. 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 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Serbia

What is the average hourly wage in the Serbia?

Average Hourly Wage
4USD
Low 2 USD
Average 4 USD
High 18 USD

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

  • Income instability: Hourly wages can lead to irregular or fluctuating income, posing challenges for budgeting and expense planning.
  • 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 connected 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 difficult 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: Some hourly roles might have restricted possibilities for career advancement, professional growth, or upward movement 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 Serbia

What are the best paying jobs in Serbia?

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

Highest paying jobs Serbia?

  1. Surgeon (USD 3,000)
  2. Doctor (USD 2,700)
  3. Chief Executive Officer (CEO) (USD 2,600)
  4. Registered Nurse Anesthetist (USD 2,500)
  5. Dentist (USD 2,400)
  6. Airline Pilot (USD 2,300)
  7. Intellectual Property Lawyer (USD 2,200)
  8. Marketing Manager (USD 2,000)
  9. Marketing Director (USD 2,000)
  10. Sales Director (USD 1,900)
  11. Sales Manager (USD 1,900)
  12. Petroleum Engineer (USD 1,900)
  13. Brand Manager (USD 1,800)
  14. Marketer (USD 1,800)
  15. Judge (USD 1,800)
  16. Treasurer (USD 1,800)
  17. Controller (USD 1,800)
  18. Pharmacist (USD 1,700)
  19. Tax Lawyer (USD 1,700)
  20. Lawyer (USD 1,700)
List with worst paid jobs in SerbiaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Serbia?

  1. Cashier (USD 320)
  2. Childcare Worker (USD 340)
  3. Stock clerk (USD 340)
  4. Elder Care Worker (USD 340)
  5. Receptionist (USD 360)
  6. Bartender (USD 390)
  7. Food and beverage server (USD 390)
  8. Janitor (USD 390)
  9. Waiter (USD 400)
  10. Tour Guide (USD 400)
  11. Customer Service Representative (USD 480)
  12. Hotel Concierge (USD 490)
  13. Rehabilitation Counselor (USD 490)
  14. Travel Agent (USD 530)
  15. Secretary (USD 550)
  16. Painter (USD 570)
  17. Carpenter (USD 590)
  18. Bus Driver (USD 600)
  19. Artist (USD 610)
  20. Truck Driver (USD 620)
List with best paid industries in SerbiaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,900)
  2. Business and Management (USD 1,600)
  3. Marketing and Sales (USD 1,500)
  4. Engineering (USD 1,400)
  5. Law (USD 1,300)
  6. Accounting and Finance (USD 1,300)
  7. Computer and Information Technology (USD 1,300)
  8. Transportation and Logistics (USD 1,300)
  9. Science (USD 1,300)
  10. Education and Training (USD 1,000)
  11. Other (USD 750)
  12. Hospitality and Tourism (USD 630)
  13. Social Services (USD 510)
  14. Services (USD 470)