MINIMUM AND AVERAGE SALARY IN CYPRUS
The Republic of Cyprus is a small island state, located in the eastern part of the Mediterranean Sea near Turkey, Egypt and Syria. It has a population of just over 1.2 million people.
It is a very beautiful and comfortable country, a popular place among foreign tourists and a popular destination for employment. Let's find out what salaries in Cyprus in 2024.
Minimum salary in Cyprus
There was no official minimum wage in Cyprus until 2023. Only for certain categories of unskilled workers fixed rates have been in force since April 2012. In particular, for security guards and cleaners. The minimum wage of €870 per month could also be expected for sales clerks, nurses' assistants, clerks, hairdressers and nannies.
The official minimum wage in Cyprus from January 1, 2024 is 900 euros per month, and after 6 months of working for the same employer it rises to 1000 euros. This is an increase of €15 and €60 compared to the same period last year.
Increased rates are provided for certain professions, such as porters – 932 euros (1002 euros if more than 6 months of experience), waiters and bartenders – 964 euros (1114 euros if more than 6 months of experience), maids – 986 euros (1039 euros if more than 3 months of experience), hotel administrators – 1147 euros.
There are exceptions for activities related to shipping, domestic staff, and agriculture. By agreement between the two parties, if the employer provides meals and/or accommodation, it will be possible to deduct a percentage of the minimum wage (15% for meals and 10% for accommodation).
In addition, for asylum seekers in Cyprus, as well as for unskilled workers in the agricultural sector, the minimum wage is 425 euros. Plus accommodation and food are provided. Skilled workers in the agricultural sector receive a minimum of €767 (without accommodation and food).
Average salary in Cyprus
According to official data from the Ministry of Labor, Social Security and Social Insurance, the average salary in Cyprus in 2024 is 2,693 euros per month. In this case, men receive 2,884 euros and women 2,452. Compared with the same period last year, the salary of Cypriot workers increased by only 158 euros or 6.2%. Men began to earn more by 6.7% and women by 5.5%.
It should be noted that according to official information, the average salary in Cyprus over the past 10 years has not changed much. For example, in 2009, Cypriot workers had a monthly income of 1,805 euros. One of the most highly paid professions in Cyprus is a doctor. According to the local Health Insurance Organization (HIO), the maximum annual salary of general practitioners for adults is estimated at 111,737 euros.
| Sector of economy | Euro per month |
| Financial and insurance | 3,561 |
| Public administration and protection | 2,995 |
| Extraction of mineral resources | 2,940 |
| Supply of electricity, gas, steam and air conditioning | 2,912 |
| Information and communication | 2,732 |
| Professional, scientific and technical activity | 2,348 |
| Transportation and storage | 2,347 |
| Education | 1,993 |
| Water supply, sewerage and waste management | 1,871 |
| Administrative and support services | 1,786 |
| Real estate operations | 1,776 |
| Art, entertainment and leisure | 1,734 |
| Health care and social work | 1,694 |
| Production | 1,560 |
| Construction | 1,551 |
| Wholesale and retail trade | 1,471 |
| Accommodation and meals | 1,007 |
| Other services | 1,450 |
Note. Information on average wages by sector is based on official data from the Ministry of Labour, Social Security and Social Insurance of Cyprus.
In conclusion, we note that the unemployment rate in Cyprus is about 6–8%, and the income tax rate in 2024 ranges from 0 (income up to 19,500 euros per year) to 35% (income over 60,000 euros per year).
