Average Wages in Cyprus
The average gross monthly earnings of employees in Cyprus rose by 5.1 per cent in 2024, reaching €2,483, according to a report by the state statistical service (Cystat).
The median gross monthly earnings stood at €1,881, showing the midpoint of all wages, meaning that half of employees earned less than this amount and half earned more.
The difference between the average and median points to persisting wage inequality, as higher salaries lift the average figure above the level earned by most workers.
The average gross wage refers to total pay before deductions for social insurance and taxes.
Author's summary: Cyprus' average wages increased to €2,483 in 2024.