MINIMUM AND AVERAGE SALARY IN MONTENEGRO

Montenegro is a small country, located in the south-eastern part of Europe in the west of the Balkan Peninsula. It is washed by the Adriatic Sea and borders with Croatia, Bosnia and Herzegovina, Serbia, Kosovo, and Albania. It is one of the most popular European destinations among tourists from the post-Soviet area.

Salary in Montenegro

The population of Montenegro is about 628.2 thousand people. At the same time, the annual flow of foreigners visiting the local resorts is several times higher than the number of residents. Not surprisingly, the main areas for employment are tourism, as well as construction. Next, Let's find out what salaries in Montenegro in 2022.

Minimum salary in Montenegro

According to official information of the Montenegrin tax office and the Ministry of Labor and Social Security, the minimum wage in Montenegro from January 1, 2022 is 532.5 euros per month. After deducting taxes and social security contributions, the employee has 450 euros at his or her disposal.

The previous rate was set back in July 2019 and was equal to 331.3 euros. Thus, the minimum wage in Montenegro has not changed for 3 years. At the same time, the increase in 2019 was only 29 euros, and in 2022 already 201.2 euros or 60.73%. The annual minimum wage in Montenegro is 6,390 euros.

Note. Before the increase in 2019, the minimum wage in Montenegro was paid to about 12,000 workers, and between 42,000 and 45,000 people received between 193 and 222 euros per month (net).

Average salary in Montenegro

According to the official data of the local statistical office, before taxes, the average Montenegrin salary in 2022 is 868 euros per month. After all deductions, the employee has 704 euros left. Compared to last year, Montenegrins' income increased by only 33.8%. The highest salaries are in finance and insurance – 1,555 euros per month, and the lowest Fishing, agriculture and forestry – 584 euros.

AVERAGE SALARY IN MONTENEGRO BY SECTOR OF ECONOMY

Sector of economy Euro per month (gross)
Financial and insurance activity 1,555
Electricity, gas, steam and air conditioning supply 1,356
Real estate operations 1,154
Information and communication 1,136
Mining 1,102
Health care and social work 1,032
Public administration and protection 897
Transportation and storage 848
Education 842
Professional, scientific and technical activity 820
Construction 802
Accommodation and meals 795
Water supply, sewerage and waste management 764
Art, entertainment and leisure 755
Wholesale and retail trade 712
Administrative and support services 701
Manufacture 699
Fishing, agriculture and forestry 584
Others 794

In general, salaries in Montenegro are significantly lower compared to developed European countries. At the same time the unemployment rate is about 16%, and the income tax rate in Montenegro in 2022 is 9%.

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