Average Salary in Solomon Islands 2024

This comprehensive article sheds light on the salary landscape in the captivating Solomon Islands, exploring various aspects including pay scale variations, wage gaps, annual salary increments, and a detailed breakdown based on education level and years of experience. Serving as a valuable resource, this piece deciphers the intricacies of earning potential, offering crucial insights and statistical information for individuals seeking a comprehensive understanding of the island nation's salary dynamics. Discover how factors like education and experience influence the compensation structure, empowering readers with knowledge to make informed decisions while navigating the Solomon Island's 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 Solomon Islands in 2024?

What is the average salary in Solomon Islands in 2024?
720USD
(USD 8,600 yearly)
Low 330 USD
Average 720 USD
High 3,200 USD
The average salary for individuals working in Solomon Islands is about USD 720 per month. However, salary ranges from USD 330 (lowest average) to USD 3,200 (highest average, actual maximum salary is higher). Please note that this figure takes into account housing, transport, and other benefits. Salaries can significantly vary across different careers. If you would like to know the salary of a specific job title, please see the information below.
In comparison with average salary in Solomon Islands in 2023, salaries changed by +0.7% 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 Solomon Islands

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,200, 75% of the people earn USD 990 or less. 50% employees earn less USD 690 or less, 25% of the employees earn less than USD 520.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,200, 75% of the people earn USD 990 or less. 50% employees earn less USD 690 or less, 25% of the employees earn less than USD 520.

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 Solomon Islands the minimum salary is USD 330.

Median Salary

The median salary for Solomon Islands is USD 570, depicting the middle point of all salaries in a dataset. This figure provides a more balanced view of income distribution and is commonly used to estimate 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 Solomon Islands the salary ranges from USD 330 to USD 3,200.

Annual Salary Increments in Solomon Islands

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

In 2024, the average salary increase for employees in Solomon Islands was around 0.7%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, the average salary increment for Solomon Islands employees was 0.7%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Solomon Islands

Solomon Islands employees have, on average, received a yearly salary increase of 3.2% in recent years. The increment has ranged from 0.7% to 5.1% per year.Download chartGet chart linkShare on FacebookShare on Twitter
Within the past years, employees in Solomon Islands have seen their salaries increase by an average of 3.2% per year. This encompasses a range of 0.7% to 5.1% increment per year.

Salary Forecast and Trends for the Future in Solomon Islands

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 3.5%. Estimated range is between 1.9% and 5.3%.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 3.5%. Estimated range is between 1.9% and 5.3%.

Gender Wage Gap in Solomon Islands

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

Actual wage gap in Solomon Islands is 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Solomon Islands, the gender wage gap is 11.0%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women take 10% additional days of paid vacation compared to men each year.
  • Having a college degree is less common among women compared to men.
  • Compared to men, women are more likely to take on 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.
  • Occupations with lower pay are predominantly filled by women rather than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

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. 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. 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 15%-19% 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 13%-17%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 20%-24% 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 15%-19% 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 20%-24% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Solomon Islands

What is the average hourly wage in the Solomon Islands?

Average Hourly Wage
4USD
Low 2 USD
Average 4 USD
High 19 USD

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

  • Income instability: The irregular or fluctuating income from hourly wages can make it challenging 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 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 challenging to maintain consistent routines.
  • Uncertain job security: Hourly positions may experience higher job insecurity than salaried positions due to their susceptibility 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 Solomon Islands

What are the best paying jobs in Solomon Islands?

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

Highest paying jobs Solomon Islands?

  1. Surgeon (USD 3,200)
  2. Doctor (USD 2,900)
  3. Chief Executive Officer (CEO) (USD 2,700)
  4. Registered Nurse Anesthetist (USD 2,700)
  5. Dentist (USD 2,500)
  6. Airline Pilot (USD 2,500)
  7. Intellectual Property Lawyer (USD 2,400)
  8. Marketing Manager (USD 2,100)
  9. Marketing Director (USD 2,100)
  10. Sales Director (USD 2,000)
  11. Sales Manager (USD 2,000)
  12. Petroleum Engineer (USD 2,000)
  13. Brand Manager (USD 1,900)
  14. Marketer (USD 1,900)
  15. Judge (USD 1,900)
  16. Treasurer (USD 1,900)
  17. Controller (USD 1,900)
  18. Pharmacist (USD 1,800)
  19. Tax Lawyer (USD 1,800)
  20. Lawyer (USD 1,800)
List with worst paid jobs in Solomon IslandsDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Solomon Islands?

  1. Cashier (USD 340)
  2. Childcare Worker (USD 360)
  3. Stock clerk (USD 360)
  4. Elder Care Worker (USD 360)
  5. Receptionist (USD 380)
  6. Bartender (USD 410)
  7. Food and beverage server (USD 410)
  8. Janitor (USD 410)
  9. Waiter (USD 420)
  10. Tour Guide (USD 420)
  11. Customer Service Representative (USD 510)
  12. Hotel Concierge (USD 520)
  13. Rehabilitation Counselor (USD 520)
  14. Travel Agent (USD 570)
  15. Secretary (USD 580)
  16. Painter (USD 600)
  17. Carpenter (USD 620)
  18. Bus Driver (USD 640)
  19. Artist (USD 640)
  20. Truck Driver (USD 660)
List with best paid industries in Solomon IslandsDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,000)
  2. Business and Management (USD 1,700)
  3. Marketing and Sales (USD 1,600)
  4. Engineering (USD 1,500)
  5. Law (USD 1,400)
  6. Accounting and Finance (USD 1,400)
  7. Computer and Information Technology (USD 1,400)
  8. Transportation and Logistics (USD 1,300)
  9. Science (USD 1,300)
  10. Education and Training (USD 1,100)
  11. Other (USD 790)
  12. Hospitality and Tourism (USD 660)
  13. Social Services (USD 540)
  14. Services (USD 500)