The salary structure in Eritrea for 2024 is designed to accommodate a variety of factors, including location, industry, and experience level. This article provides a comprehensive overview of the Average Salary in Eritrea to 2024, highlighting the compensation landscape.
The Eritrean Nakfa used to pay salaries in Eritrea is known as ERN, and the currency symbol is Nfk, نافكا, ናቕፋ. By considering these key elements, individuals can better understand Eritrea’s dynamic job market and make more informed decisions regarding their career and financial planning.
Salary in Eritrea by Year and Month
We’ve recently conducted surveys in Eritrea, and the valuable findings are conveniently presented in the table below. This data encompasses both monthly and annual salary information, offering you a comprehensive view of income trends in the region. Explore the details and gain insights into the economic landscape of Eritrea based on our survey results
| Annual Salary | Lowest 19,060 ERN | Average 82,160 ERN | Maximum 366,200 ERN |
|---|
In the table above, we’ve meticulously outlined the annual salary statistics for Eritrea, offering a comprehensive view of income trends. Similarly, we’ve provided a breakdown below for a more detailed perspective on monthly earnings. This dual presentation allows you to grasp both the bigger picture and the finer nuances of income structures in Eritrea, aiding your understanding of this dynamic economic landscape.
| Monthly Salary | Lowest 1,588 ERN | Average 6,846 ERN | Maximum 30,516 ERN |
|---|
Comparison of Salaries in Eritrea Cities
As depicted in the preceding tables, we’ve analyzed the contrast between annual and monthly salaries in Eritrea. We now present a city-specific salary comparison, illustrating the diversity in compensation nationwide. It’s important to note that these figures represent average salaries, and actual earnings may vary depending on location, experience, and job role.
| City Names | Average Salary (by month in 2024) |
|---|---|
| Asmara | 27,300 ERN |
| Keren | 23,500 ERN |
| Gwelej | 21,600 ERN |
| Assab | 19,300 ERN |
| Massawa | 18,250 ERN |
| Mendefera | 15,500 ERN |
| Dbarwa | 12,400 ERN |
| Barentu | 9,500 ERN |
| Bēylul | 11,600 ERN |
| Adi Keyh | 10,500 ERN |
| Ghinda’e | 11,400 ERN |
| Edd | 12,300 ERN |
| Dek’emhāre | 11,200 ERN |
| Ak’ordat | 10,100 ERN |
| Nefasīt | 9,000 ERN |
| Senafe | 8,900 ERN |
| Teseney | 7,800 ERN |
| Zula | 6,700 ERN |
Salary Overview
In this informative section, we will delve into the percentage of individuals earning high and low salaries. Additionally, we will provide insights into starting, median, and maximum salary levels, offering a comprehensive understanding of income trends and their underlying factors.
- Minimum Salary in Eritrea
As mentioned earlier, salary in Eritrea often depends on experience. The minimum and starting monthly salary in Eritrea is 1,588 ERN, with variations based on one’s experience level. Notably, 26% of Eritrea’s population earns a basic salary of 1,588 ERN per month, which includes most of the labor.
- Average Salary in Eritrea
As previously discussed, salaries in Eritrea exhibit variations in line with experience. The median/average monthly salary in Eritrea stands at 6,846 ERN, with a quarter of the population, approximately 28%, earning this figure.
This median wage serves as a crucial benchmark for salary comparisons, considering the diverse experience levels within the workforce.
- Maximum Salary in Eritrea
Continuing our exploration of salary dynamics in Eritrea, we turn to maximum earnings. The maximum monthly salary in Eritrea reaches 30,516 ERN including employees of some famous private companies and government officials.
Specifically, about 46% of the population falls within this range. Understanding this upper limit provides valuable insight into the earning potential of a significant portion of the workforce in Eritrea.
Salary Comparison by Experience in Eritrea
Securing a competitive salary in any sector or organization hinges on valuable work experience, and Eritrea is no exception. In Eritrea’s employment landscape, individuals without prior experience typically receive the minimum wage. However, those with 1 to 5 years of experience enjoy an 8% pay increase, while those with 6 to 10 years see a 15% boost in earnings.
For professionals boasting 11 to 20 years of experience, the premium extends to 20%, and those with over 21 years of expertise are rewarded with a substantial 27% salary enhancement. This structured approach to compensation demonstrates Eritrea’s recognition of the significance of experience in determining wages.
| Experience Year | Increase in income |
|---|---|
| 0 Years Experience | lowest Income |
| 1-5 years of experience | 8% Boosted |
| 6-10 years of experience | 15% Boosted |
| 11-20 years of experience | 20% Boosted |
| More than 21 years of experience | 27% Boosted |
Salary Comparison by Education in Eritrea
In examining the correlation between education levels and income in Eritrea, a clear pattern emerges. The data reveals that educational qualifications play a pivotal role in determining salary scales:
- Illiterate Salary in Eritrea
This group typically receives the Lowest salary, with no significant income increase associated with education.
- High School Graduates Salary in Eritrea
Those who completed high school outperform the illiterate population, enjoying a notable 16% salary increase.
- Certificate or Diploma Holders Salary in Eritrea
Individuals with a certificate or diploma go a step further, securing a substantial 23% higher income compared to high school graduates.
- Bachelor’s Degree Holders Salary in Eritrea
Pursuing a Bachelor’s Degree significantly enhances earning potential, as these professionals make 28% more than those with a certificate or diploma.
- Ph.D. Holders Salary in Eritrea
While those with a Bachelor’s Degree experience impressive earnings, those who have earned a Ph.D. receive a noteworthy 22% boost in income compared to Bachelor’s Degree holders. This data underscores the substantial impact of education on income levels in Eritrea.
Salary Comparison By Gender in Eritrea
| Experience Year | Increase in income |
|---|---|
| Male | 6% more than Females |
| Female | 6% less than men |
Men generally earn 6% more than women, which shows that Males earn more than Females. Conversely, Females earn 6% less than males in Eritrea. These disparities underscore ongoing challenges in achieving gender wage equality. Addressing these gaps is crucial for creating a fair and equitable work environment that values the contributions of both males and females, ensuring equal opportunities and rewards for all.
Salary Comparison By Professions in Eritrea
In Eritrea, a diverse array of professions flourish, each offering unique opportunities and salary structures. Understanding the monthly earnings associated with these occupations can be extremely helpful for individuals seeking employment or considering a career change in this dynamic and growing economy.
Below are some of the Eritrea professions and their salaries:
| Profession | Salary (by month in 2024) |
|---|---|
| Doctors | 6,500 ERN |
| Engineers | 5,530 ERN |
| IT Professionals | 5,400 ERN |
| Investment Bankers | 6,600 ERN |
| Pilots | 7,300 ERN |
| Management Consultants | 5,450 ERN |
| Lawyers | 4,270 ERN |
| Dentists | 5,100 ERN |
| Pharmacists | 6,100 ERN |
| Labor | 600 ERN |
| Accountant | 4,200 ERN |
| Architect | 6,430 ERN |
| Barber | 4,800 ERN |
| Chef | 2,570 ERN |
| Electrician | 1,500 ERN |
| Fashion Designer | 7,210 ERN |
| Financial Analyst | 9,216 ERN |
| Firefighter | 1,300 ERN |
| Graphic Designer | 2,800 ERN |
| Human Resources Manager | 4,110 ERN |
| Journalist | 0,900 ERN |
| Judge | 8,500 ERN |
| Marketing Manager | 3,300 ERN |
| Nurse | 1,100 ERN |
| Occupational Therapist | 540 ERN |
| Painter | 9,000 ERN |
| Police Officer | 6,800 ERN |
| Real Estate Agent | 1,208 ERN |
| School Teacher | 4,476 ERN |
| Technical Writer | 4,160 ERN |
Bonuses on Salary in Eritrea
Several types of bonuses are considered in employment:
- Individual Performance-Based Bonuses: Employees receive rewards based on their exceptional performance.
- Company Performance Bonuses: Some companies share excess earnings and profits with all staff as collective bonuses, varying by role.
- Goal-Based Bonuses: Given upon achieving significant goals or milestones.
- Holiday / End of Year Bonuses: These are appreciation tokens offered without specific reasons or occasions.
FAQs
The average hourly wage in Eritrea stands at 127 ERN, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 6.61 ERN, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Eritrea.
There exists an approximately 5% salary disparity between government and private sector employment in Eritrea. Government employees enjoy a 5% salary advantage, accompanied by additional benefits such as housing and car allowances. This discrepancy reflects the variations in compensation packages and perks that are often extended to those in public service roles in Eritrea.
In 2024, there are various costs of living in Eritrea some of which are mentioned below:
1) Monthly rent for accommodation ranges from 20 ERN to 100 ERN.
2) Grocery expenses range from ERN 50 to ERN 200 for an individual or a family of four.
3) Meals cost between ERN 30 to ERN 90 + per person.
4) Transportation includes a monthly pass of 90 ERN-150 ERN and a taxi ride of 10-150 ERN.
5) Utilities can total ERN 30-7,00 per month, phone bills ERN 100-500, gym memberships ERN 90-320, and movie tickets ERN 10-90 per person.
Eritrea offers relatively cheap living, yet careful budgeting is advised, as individual circumstances can make a difference in costs.