The Average Salary in Comoros by 2024 | Cost of Living

The Average Salary in Comoros by 2024 | Cost of Living

The salary structure in Comoros 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 Comoros to 2024, highlighting the compensation landscape.

The Comorian Franc used to pay salaries in Comoros is known as KMF, and the currency symbol is CF. By considering these key elements, individuals can gain a better understanding of the dynamic job market in Comoros and make more informed decisions regarding their career and financial planning.

Salary in Comoros by Year and Month

We’ve recently conducted surveys in Comoros, 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 Comoros based on our survey results

Annual
Salary
Lowest
917,200 KMF
Average
3,622,400 KMF
Maximum
16,198,300 KMF

In the table above, we’ve meticulously outlined the annual salary statistics for Comoros, offering a comprehensive view of income trends. Similarly, for a more detailed perspective on monthly earnings, we’ve provided a breakdown below. This dual presentation allows you to grasp both the bigger picture and the finer nuances of income structures in Comoros, aiding your understanding of this dynamic economic landscape.

Monthly
Salary
Lowest
76,433 KMF
Average
301,866 KMF
Maximum
1,349,858 KMF

Comparison of Salaries in Comoros Cities

As depicted in the preceding tables, we’ve analyzed the contrast between annual and monthly salaries in Comoros. We now present a city-specific salary comparison, illustrating the diversity in compensation across the country. It’s important to note that these figures represent average salaries, and actual earnings may vary depending on factors such as location, experience, and job role.

City NamesAverage Salary (by month in 2024)
Moroni1,349,858 KMF
Mutsamudu1,222,858 KMF
Ouani1,112,128 KMF
Mandza1,069,800 KMF
Fomboni1,112,200 KMF
Domoni1,065,000 KMF
Adda-Douéni962,500 KMF
Kourani959,700 KMF
Bazimini957,600 KMF
Mkazi955,500 KMF
Mitsamiouli755,400 KMF
Chandra854,300 KMF
Koki473,200 KMF
Mitsoudjé834,100 KMF
Dembéni723,000 KMF
Dindi612,900 KMF
Vanambouani515,800 KMF
Kangani616,700 KMF
Koni-Ngani569,600 KMF
Mrémani611,500 KMF
Bandani Mtsangani566,400 KMF
Bandakouni545,300 KMF
Nioumamilima347,200 KMF
Daji238,100 KMF
Hajoho329,000 KMF

Salary Overview – Median, Max, Min Wage, Starting, and Ranges

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 Comoros

As mentioned earlier, salary in Comoros often depends on experience. The minimum and starting monthly salary in Comoros is 76,433 KMF, with variations based on one’s experience level. Notably, 26% of Comoros’s population earns a basic salary of 76,433 KMF per month, which includes most of the labor.

  • Average Salary in Comoros

As previously discussed, salaries in Comoros exhibit variations in line with experience. The median/average monthly salary in Comoros stands at 301,866 KMF, with a quarter of the population, approximately 32%, 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 Comoros

Continuing our exploration of salary dynamics in Comoros, we turn to maximum earnings. The maximum monthly salary in Comoros reaches 1,349,858 KMF including employees of some famous private companies and government officials.

Specifically, about 42% 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 Comoros.

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Salary Comparison by Experience in Comoros

Securing a competitive salary in any sector or organization hinges on valuable work experience, and Comoros is no exception. In Comoros’s employment landscape, individuals without prior experience typically receive the minimum wage. However, those with 1 to 5 years of experience enjoy a 10% pay increase, while those with 6 to 10 years see an 18% boost in earnings.

For professionals boasting 11 to 20 years of experience, the premium extends to 22%, and those with over 21 years of expertise are rewarded with a substantial 29% salary enhancement. This structured approach to compensation demonstrates Comoros’s recognition of the significance of experience in determining wages.

Experience YearIncrease in income
0 Years Experiencelowest Income
1-5 years of experience10% Boosted
6-10 years of experience18% Boosted
11-20 years of experience22% Boosted
More than 21 years of experience29% Boosted

Salary Comparison by Education in Comoros

In examining the correlation between education levels and income in Comoros, a clear pattern emerges. The data reveals that educational qualifications play a pivotal role in determining salary scales:

  • Illiterate Salary in Comoros

This group typically receives the Lowest salary, with no significant income increase associated with education.

  • High School Graduates Salary in Comoros

Those who completed high school outperform the illiterate population, enjoying a notable 14% salary increase.

  • Certificate or Diploma Holders Salary in Comoros

Individuals with a certificate or diploma go a step further, securing a substantial 21% higher income compared to high school graduates.

  • Bachelor’s Degree Holders Salary in Comoros

Pursuing a Bachelor’s Degree significantly enhances earning potential, as these professionals make 26% more than those with a certificate or diploma.

  • Ph.D. Holders Salary in Comoros

While those with a Bachelor’s Degree experience impressive earnings, those who have earned a Ph.D. receive a noteworthy 20% boost in income compared to Bachelor’s Degree holders. This data underscores the substantial impact of education on income levels in Comoros.

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Salary Comparison By Gender in Comoros

Experience YearIncrease in income
Male5% more than Females
Female5% less than men

Men generally earn 5% more than women, which shows that Males earn more than Females. Conversely, Females earn 5% less than males in Comoros. 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 Comoros

In Comoros, 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 Comoros professions and their salaries:

ProfessionSalary (by month in 2024)
Doctors1,276,500 KMF
Engineers1,175,530 KMF
IT Professionals1,058,400 KMF
Investment Bankers1,046,600 KMF
Pilots1,177,300 KMF
Management Consultants1,165,450 KMF
Lawyers984,270 KMF
Dentists955,100 KMF
Pharmacists916,100 KMF
Labor186,600 KMF
Accountant814,200 KMF
Architect416,430 KMF
Barber414,800 KMF
Chef412,570 KMF
Electrician141,500 KMF
Fashion Designer147,210 KMF
Financial Analyst159,216 KMF
Firefighter161,300 KMF
Graphic Designer162,800 KMF
Human Resources Manager154,110 KMF
Journalist140,900 KMF
Judge143,349,858 KMF
Marketing Manager318,300 KMF
Nurse431,100 KMF
Occupational Therapist934,540 KMF
Painter149,000 KMF
Police Officer4326,800 KMF
Real Estate Agent3451,208 KMF
School Teacher354,476 KMF
Technical Writer354,160 KMF

Bonuses on Salary in Comoros

Several types of bonuses are considered in employment:

  1. Individual Performance-Based Bonuses: Employees receive rewards based on their exceptional performance.
  2. Company Performance Bonuses: Some companies share excess earnings and profits with all staff as collective bonuses, varying by role.
  3. Goal-Based Bonuses: Given upon achieving significant goals or milestones.
  4. Holiday / End of Year Bonuses: These are appreciation tokens offered without specific reasons or occasions.

Read More: The Average Salary in Chad by 2024

FAQs

What is the average hourly, and minimum hourly wage in Comoros?

The average hourly wage in Comoros stands at 5,624 KMF, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 318 KMF, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Comoros.

How much is the government vs private sector salary difference?

There exists an approximately 8% salary disparity between government and private sector employment in Comoros. Government employees tend to enjoy a 8% 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 Comoros.

What is the cost of living in Comoros in 2024?

In 2024, there are various costs of living in Comoros some of which are mentioned below:

1) Monthly rent for accommodation ranges from 50,000 KMF to 150,000 KMF or more, depending on the type and location of the housing.

2) Grocery expenses can range from 30,000 KMF to 80,000 KMF per month for an individual or a family of four.

3) Meals at local restaurants or cafes cost between 5,000 KMF to 15,000 KMF or more per person.

4) Transportation includes a monthly pass for public transportation, which can cost around 20,000 KMF, and a taxi ride of 2,000 KMF for short trips within a city.

5) Utilities like electricity, water, and heating can total around 15,000 KMF per month. Phone bills may be around 10,000 KMF.

6) Gym memberships can range from 10,000 KMF to 30,000 KMF per month, and movie tickets may cost around 5,000 KMF per person.

Comoros offers relatively cheap living, yet careful budgeting is advised, as individual circumstances can make a difference in costs.

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