Average Salary in Trinidad and Tobago 2024

Discover the intricate details of salary structures in Trinidad and Tobago with our comprehensive article. Gain insights into the country's pay scale, uncovering the wage gap prevalent in various industries. Unravel the dynamics of salary yearly increments, as we delve into how they vary across sectors. Furthermore, explore the breakdown of salaries based on education levels and years of experience. Unlock valuable information to make informed decisions about your career growth. Explore this ultimate guide now!
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 Trinidad and Tobago in 2024?

What is the average salary in Trinidad and Tobago in 2024?
810USD
(USD 9,700 yearly)
Low 370 USD
Average 810 USD
High 3,600 USD
You can expect to earn around USD 810 per month if you work in Trinidad and Tobago. Keep in mind that salaries can range from USD 370 (lowest average) to USD 3,600 (highest average, actual maximum salary is higher). This average salary includes housing, transport, and other benefits. Salaries differ greatly depending on the career. For detailed salary information on specific job titles, please refer below.
In comparison with average salary in Trinidad and Tobago in 2023, salaries changed by +1.0% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of this year.

Pay Scale and Salaries in Trinidad and Tobago

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,600, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 780 or less, 25% of the employees earn less than USD 590.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,600, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 780 or less, 25% of the employees earn less than USD 590.

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 Trinidad and Tobago the minimum salary is USD 370.

Median Salary

In Trinidad and Tobago, the median salary is USD 640, which represents the middle point of all salaries in a dataset, with half of the values above and half below it. This measurement provides a more balanced view of income distribution and is commonly 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 Trinidad and Tobago the salary ranges from USD 370 to USD 3,600.

Annual Salary Increments in Trinidad and Tobago

What is the average annual salary increment in the Trinidad and Tobago? How frequently do employees receive salary raises?

In 2024, the average salary increase for employees in Trinidad and Tobago was around 1.0%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 1.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 employees in Trinidad and Tobago received around 1.0% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 1.0%.

Historical Graph of Annual Salary Increments in Trinidad and Tobago

Employees based in Trinidad and Tobago have experienced a salary increase averaging 4.5% per year in recent years. This translates to a range of 1.0% to 7.4% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
The salary of employees in Trinidad and Tobago has been increasing in recent years, with an average yearly increment of 4.5%. The increment ranges from 1.0% to 7.4% per year.

Salary Forecast and Trends for the Future in Trinidad and Tobago

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 4.4%. Estimated range is between 2.4% and 6.8%.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 4.4%. Estimated range is between 2.4% and 6.8%.

Gender Wage Gap in Trinidad and Tobago

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

Trinidad and Tobago has an actual wage gap of 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay gap in Trinidad and Tobago is currently 11.0%.
It's due to many factors, such as:
  • Gender bias.
  • On average, women take 10% more days of paid vacation than men each year.
  • College degrees are less common among women compared to men.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • Lower-paying occupations are more common among women 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 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

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. demonstrates a strong dedication to knowledge and paves the way 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 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 around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% 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 approximately 7%-11%. Expertise and leadership attain 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 18%-22% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Trinidad and Tobago

What is the average hourly wage in the Trinidad and Tobago?

Average Hourly Wage
5USD
Low 2 USD
Average 5 USD
High 21 USD

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

  • Income instability: The irregular or fluctuating income from hourly wages may 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 ordinarily related 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 interrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • 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 Trinidad and Tobago

What are the best paying jobs in Trinidad and Tobago?

List with best paid jobs in Trinidad and TobagoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Trinidad and Tobago?

  1. Surgeon (USD 3,600)
  2. Doctor (USD 3,200)
  3. Chief Executive Officer (CEO) (USD 3,100)
  4. Registered Nurse Anesthetist (USD 3,000)
  5. Dentist (USD 2,900)
  6. Airline Pilot (USD 2,800)
  7. Intellectual Property Lawyer (USD 2,700)
  8. Marketing Manager (USD 2,400)
  9. Marketing Director (USD 2,400)
  10. Sales Director (USD 2,200)
  11. Sales Manager (USD 2,200)
  12. Petroleum Engineer (USD 2,200)
  13. Brand Manager (USD 2,200)
  14. Marketer (USD 2,200)
  15. Judge (USD 2,100)
  16. Treasurer (USD 2,100)
  17. Controller (USD 2,100)
  18. Pharmacist (USD 2,100)
  19. Tax Lawyer (USD 2,000)
  20. Lawyer (USD 2,000)
List with worst paid jobs in Trinidad and TobagoDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Trinidad and Tobago?

  1. Cashier (USD 380)
  2. Childcare Worker (USD 400)
  3. Stock clerk (USD 410)
  4. Elder Care Worker (USD 410)
  5. Receptionist (USD 430)
  6. Bartender (USD 460)
  7. Food and beverage server (USD 470)
  8. Janitor (USD 470)
  9. Waiter (USD 480)
  10. Tour Guide (USD 480)
  11. Customer Service Representative (USD 580)
  12. Hotel Concierge (USD 580)
  13. Rehabilitation Counselor (USD 590)
  14. Travel Agent (USD 640)
  15. Secretary (USD 660)
  16. Painter (USD 680)
  17. Carpenter (USD 710)
  18. Bus Driver (USD 720)
  19. Artist (USD 730)
  20. Truck Driver (USD 740)
List with best paid industries in Trinidad and TobagoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,300)
  2. Business and Management (USD 2,000)
  3. Marketing and Sales (USD 1,800)
  4. Engineering (USD 1,700)
  5. Law (USD 1,600)
  6. Accounting and Finance (USD 1,600)
  7. Computer and Information Technology (USD 1,500)
  8. Transportation and Logistics (USD 1,500)
  9. Science (USD 1,500)
  10. Education and Training (USD 1,200)
  11. Other (USD 890)
  12. Hospitality and Tourism (USD 750)
  13. Social Services (USD 610)
  14. Services (USD 560)