The lowest salary in Cyprus is €870 per month in 2021.
And now in more detail
According to recent data, the lowest salary in Cyprus is €870 per month in 2021. This amount applies to employees who do not have any specific qualifications or skills. However, the actual minimum wage may vary depending on the industry or sector of employment.
In Cyprus, the minimum wage is updated annually and is subject to review by the government and various stakeholders. Interestingly, the minimum wage in the country is set to increase in the coming years. In 2022, the minimum wage is expected to increase to €900 per month, while in 2023, it will be raised further to €1,000 per month.
A famous quote by former United States President, Franklin D. Roosevelt, sheds light on the importance of setting fair wages for workers. He said, “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.”
The following table provides some further information on the minimum wage in Cyprus in recent years:
|Year||Minimum Monthly Wage|
It is important to note that while the minimum wage in Cyprus might be higher than in some other countries, the cost of living on the island is also relatively high. Therefore, workers on minimum wage may still face financial challenges in meeting their basic needs.
Video response to your question
The video discusses the minimum wage in North Cyprus and the cost of expensive items like phones and laptops. The speaker provides examples of prices for different gadgets and calculates how long it would take to save for these purchases on a minimum wage salary. Critical expenses like rent, groceries, and transportation are deducted from the salary to suggest ways to save money. While the exchange rate is not stable, the speaker advises individuals to choose budget-friendly options when saving up for purchases and encourages viewers to subscribe to their channel.
Other answers to your question
The salary range in Cyprus can vary between 550 EUR/month (lowest) to 9,660 EUR (highest salary average).
- Cyprus’ monthly national minimum wage will increase by €16, from €924 to €940.
- The new minimum wage will take effect Jan. 1, 2023.
- The monthly minimum wage will be €885 for an individual’s first six months of employment and increased to €940 if the employee stays at the company.
- Benefits cannot be included when calculating minimum salary requirements.
Moreover, people are interested
Secondly, What is the lowest salary in Cyprus?
As of 1 January 2023, the National Minimum Wage is effective. The relevant Decree issued by the Council of Ministers in 2022 requires a starting monthly gross salary of €885 for the first six months of employment.
Also to know is, What is the minimum hourly rate in Cyprus? As an answer to this: The current minimum wage in Cyprus is €940.00 per month in 2023. It became valid on January 1, 2023.
In this way, How much is the average salary in Cyprus?
Response will be: What is average wage in Cyprus? Average Wages in Cyprus increased to 2546 EUR/Month (2779.871 USD/Month) in the forth quarter of 2022. The maximum rate of average wage for employees was 2296 EUR/Month and minimum was 1360 EUR/Month. Data published Quarterly by Statistical Service.
Simply so, What is the lowest salary income?
Answer will be: The federal minimum wage for covered nonexempt employees is $7.25 per hour.
Also to know is, How much do people make in Cyprus?
As a response to this: The gross salary range for people working in Cyprus is typically from 981 EUR (minimum salary) to 3,620 EUR (highest average, actual maximum salary is higher). This is the total monthly salary including bonuses. Salaries can vary drastically among different job categories.
Considering this, How much is the national minimum wage in Cyprus?
Accordingly the national minimum wage has been raised 70 Euros per month from the previous year, 8.05%. in the last year. If we look at the ranking of the national minimum wage that we publish, Cyprus is in 23 nd place of the 119 of the list.
Likewise, What is the average salary in Larnaca?
Response: The average annual salary in Larnaca is around 23,000 EUR. The most popular professions here are Civil Engineer, Marketing Manager, and Full-Stack Software Developer, which typically pay between 13,000 EUR/year to 51,000 EUR/year. The average salary in Paphos is 21,000 EUR/year.
Also Know, How much does healthcare cost in Cyprus? Response: The good thing about Cyprus’ healthcare system is that it gives each resident a number of free GP visits every year. If you use all of these up, you can expect to pay around £13 for every additional GP appointment. You can get emergency-only healthcare if you have a European Health Insurance Card (EHIC) and are only in Cyprus temporarily.
How much do people make in Cyprus?
The gross salary range for people working in Cyprus is typically from 981 EUR (minimum salary) to 3,620 EUR (highest average, actual maximum salary is higher). This is the total monthly salary including bonuses. Salaries can vary drastically among different job categories.
Then, What is the minimum wage for asylum seekers in Cyprus? Response will be: Minimum wage for asylum seekers working as unskilled workers in the agricultural sector is €425 with accommodation and food provided. Skilled workers in the agricultural sector,the minimum wage is €767 without accommodation and food. Cyprus’ minimum wage was last changed in 1-Jan-2015.
Just so, What is the average salary in Larnaca? Response will be: The average annual salary in Larnaca is around 23,000 EUR. The most popular professions here are Civil Engineer, Marketing Manager, and Full-Stack Software Developer, which typically pay between 13,000 EUR/year to 51,000 EUR/year. The average salary in Paphos is 21,000 EUR/year.
Consequently, Is a 13th salary mandatory in Cyprus? While not mandatory, it is customary to pay employees a 13th salary in December. The standard workweek in Cyprus consists of a maximum of 44 hours across five days, although a six-day week is possible. Employers must be granted written permission from employees in order to increase the employee’s working hours.