MINIMUM AND AVERAGE SALARY IN BRAZIL
Brazil is a very picturesque country with a huge variety of animals and plants, interesting history and culture, located in South America and washed by the waters of the Atlantic Ocean. It is the largest country on the continent with a population of about 216.8 million people in 2023.
Brazil has one of the largest economies in the world, combining the abundance of natural resources, developed agriculture and industry. There is about 8–9% unemployment in the country. Today quite a large number of foreigners find highly paid vacancies in the local labor market. Let's find out what salaries in Brazil in 2023.
Minimum salary in Brazil
According to the decree of Brazilian President Jair Bolsonaro, the official minimum wage in Brazil from January 1, 2023 is 1,302 reals per month, which is equivalent to 260 dollars. This is 90 real or 6.9% more than in 2022 (1,212 real). The annual increase in the minimum wage in the state depends mainly on inflation and economic growth (GDP).
Brazil's minimum wage has doubled in the last ten years. From R$678 in 2013, to R$1,302 in 2023. The rates of minimum wage apply to all Brazilian workers employed on a full 8-hour working day or a 44-hour week.
Note. According to the Department of Statistics and Socio-Economic Studies of Brazil, the official minimum wage serves as a reference for the total income of about 48 million workers throughout the country.
Average salary in Brazil
The average income of Brazilian workers depends primarily on the region, the profession and the employer. Identical work, but in different cities, can bring from a few hundred to one or two thousand dollars. In general, the average salary in Brazil in 2023 is about 2,835 reals per month ($570).
In such large cities as São Paulo and Rio de Janeiro, the average salary is slightly higher – 3,000-3,500 reals per month ($600-700). Qualified foreign specialists can count on 1,000-2,000 dollars or more. Living in these megacities is also much more expensive than in other parts of the country.
According to Brazilian recruitment agencies, in the most popular city of Brazil – Rio de Janeiro, the highest salaries of senior managers and management companies, whose annual income reaches 10 thousand dollars per month. Leading financiers, programmers and doctors can count on 3-4 thousand.
In conclusion, we note that the income tax rate in Brazil varies from 0 to 27.5%. Income less than 22,848 reals per year is not subject to taxation. At a maximum rate of 27.5% are taxed annual income over 55,977 reals. After all deductions, the average salary in Brazil in 2023 is about 2,525 reals per month (about $505).
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