The average gross monthly wages in Cyprus stand at €2,350, as of 2023, which amounts to an annual salary of €28,200 before taxes and withholdings. This is the most recent available data from the country’s National Statistics Agency. After accounting for taxes and social contributions, the average net monthly income of workers in Cyprus is €1,989, translating to €23,868 per year.
Average wages in Cyprus at a glance:
- Gross monthly wages: €2,350
- Net monthly wages: €1,989
- Gross annual wages: €28,200
- Net annual wages: €23,868
- Rank in Europe: 16th
In terms of average wages, Cyprus holds the 16th position among European countries. However, when considering the cost of living and purchasing power specific to Cyprus, the real net average wages are adjusted to €3,559 per month, or €42,708 annually. This adjusted figure provides a more accurate reflection of the actual spending power of the average wages in Cyprus.
Average salaries will vary depending on the profession, as well as the specific location. Jobs in large cities and major business hubs tend to pay more, but also come with a higher cost of living.
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Methodology:
- Data sources: National Office of Statistics and other official sources from the country, as cited by Wikipedia.
- All amounts are presented in Euros and valid as of the date of this report.
- Annual average wages are calculated based on published monthly wages.
- You are granted permission to use the data in this report, with proper credit and linking to My Dolce Casa.
