{"id":119433,"date":"2025-10-15T20:07:35","date_gmt":"2025-10-15T17:07:35","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=119433"},"modified":"2025-10-15T20:07:35","modified_gmt":"2025-10-15T17:07:35","slug":"cypriot-monthly-earnings-rose-5-1-in-2024-led-by-tech-sector","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cypriot-monthly-earnings-rose-5-1-in-2024-led-by-tech-sector\/","title":{"rendered":"Cypriot Monthly Earnings Rose 5.1% in 2024, Led by Tech Sector"},"content":{"rendered":"<p>The average gross monthly earnings for employees in Cyprus rose by 5.1% in 2024 to reach \u20ac2,483, although this growth represents a slowdown from the 7.3% increase recorded the previous year. According to the Statistical Service, the median monthly earnings stood at \u20ac1,881.<\/p>\n<h2>A Look at the Salary Landscape<\/h2>\n<p>The data reveals a wide distribution of earnings across the workforce. The most common salary bracket, accounting for 14.2% of all employees, was between \u20ac1,000 and \u20ac1,249 per month.<\/p>\n<p>This was followed by the \u20ac1,250 to \u20ac1,499 bracket (11.6% of employees) and the \u20ac1,500 to \u20ac1,749 bracket (11.2%), indicating that a significant portion of the workforce earns below the national average.<\/p>\n<h2>Sector Spotlight: Finance Pays Most, Tech Grows Fastest<\/h2>\n<p>Earnings varied dramatically between different sectors of the economy. The Financial and Insurance Activities sector offered the highest average monthly salary at \u20ac4,710, while the Agriculture, Forestry, and Fishing sector had the lowest at \u20ac941.<\/p>\n<p>While most sectors saw an increase in earnings, the Information and Communication sector recorded the largest annual growth at 8.1%. In contrast, the Real Estate and Mining sectors saw small decreases, though the Statistical Service noted these sectors employ fewer people, making them prone to larger fluctuations.<\/p>\n<h2>Earnings Comparison: Cypriot vs. Non-Cypriot Employees<\/h2>\n<p>The report also highlighted differences in earnings based on nationality.<\/p>\n<ul>\n<li>Cypriot employees earned an average of \u20ac2,506 per month, with a median of \u20ac2,053.<\/li>\n<li>Non-Cypriot employees earned an average of \u20ac2,434 per month, with a significantly lower median of \u20ac1,544.<\/li>\n<\/ul>\n<p>Interestingly, the data showed that non-Cypriot employees were more highly represented in both the lowest (&lt;\u20ac1,500) and the highest (\u2265\u20ac6,000) salary brackets compared to their Cypriot counterparts.<\/p>\n<p><i>Source: Stockwatch.com.cy<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>The average gross monthly earnings for employees in Cyprus rose by 5.1% in 2024 to reach \u20ac2,483, although this growth represents a slowdown from the 7.3% increase recorded the previous year. According to the Statistical Service, the median monthly earnings stood at \u20ac1,881. A Look at the Salary Landscape The data reveals a wide distribution [&hellip;]<\/p>","protected":false},"author":9,"featured_media":119434,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/119433"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=119433"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/119433\/revisions"}],"predecessor-version":[{"id":119435,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/119433\/revisions\/119435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/119434"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=119433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=119433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=119433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}