The Average Salary in Egypt for 2024 | Cost of Living

The Average Salary in Egypt for 2024 | Cost of Living

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

The Egyptian Pound used to pay salaries in Egypt is known as EGP, and the currency symbol is E£, ج.م. By considering these key elements, individuals can gain a better understanding of the dynamic job market in Egypt and make more informed decisions regarding their career and financial planning.

Salary in Egypt by Year and Month

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

Annual
Salary
Lowest
28,660 EGP
Average
111,900 EGP
Maximum
493,000 EGP

In the table above, we’ve meticulously outlined the annual salary statistics for Egypt, 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 Egypt, aiding your understanding of this dynamic economic landscape.

Monthly
Salary
Lowest
2,388 EGP
Average
9,325 EGP
Maximum
41,083 EGP

Comparison of Salaries in Egypt Cities

As depicted in the preceding tables, we’ve analyzed the contrast between annual and monthly salaries in Egypt. 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)
Cairo9,500 EGP
Alexandria8,900 EGP
Giza9,200 EGP
Shubra El-Kheima7,800 EGP
Port Said8,200 EGP
Suez8,000 EGP
Luxor7,500 EGP
Al-Mansura7,700 EGP
El-Mahalla El-Kubra7,600 EGP
Tanta7,500 EGP
Asyut7,400 EGP
Ismailia7,300 EGP
Fayyum7,200 EGP
Zagazig7,100 EGP
Aswan7,000 EGP
Damietta6,900 EGP
Damanhur6,800 EGP
Al-Minya6,700 EGP
Beni Suef6,600 EGP
Qena6,500 EGP
Sohag6,400 EGP
Hurghada6,300 EGP
Shebin El-Kom6,200 EGP
El Obour City6,100 EGP
Madinet Borg El Arab6,000 EGP
Kafr El-Shaikh5,900 EGP
Akhmim5,800 EGP
Mallawi5,700 EGP
Mit Ghamr5,600 EGP
Qalyub5,500 EGP

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 Egypt

As mentioned earlier, salary in Egypt often depends on experience. The minimum and starting monthly salary in Egypt is 2,388 EGP, with variations based on one’s experience level. Notably, 26% of Egypt’s population earns a basic salary of 2,388 EGP per month, which includes most of the labor.

  • Average Salary in Egypt

As previously discussed, salaries in Egypt exhibit variations in line with experience. The median/average monthly salary in Egypt stands at 9,325 EGP, 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 Egypt

Continuing our exploration of salary dynamics in Egypt, we turn to maximum earnings. The maximum monthly salary in Egypt reaches 41,083 EGP 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 Egypt.

Read More: Average Salary in the United Arab Emirates for 2024

Salary Comparison by Experience in Egypt

Securing a competitive salary in any sector or organization hinges on valuable work experience, and Egypt is no exception. In Egypt’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 Egypt’s recognition of the significance of experience in determining wages.

Experience YearIncrease in income
0 Years Experiencelowest Income
1-5 years of experience8% Boosted
6-10 years of experience15% Boosted
11-20 years of experience20% Boosted
More than 21 years of experience27% Boosted

Salary Comparison by Education in Egypt

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

  • Illiterate Salary in Egypt

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

  • High School Graduates Salary in Egypt

Those who completed high school outperform the illiterate population, enjoying a notable 16% salary increase.

  • Certificate or Diploma Holders Salary in Egypt

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 Egypt

The pursuit of a Bachelor’s Degree significantly enhances earning potential, as these professionals earn 28% more than those with a certificate or diploma.

  • Ph.D. Holders Salary in Egypt

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 Egypt.

Read More: Top 25 Arab Countries Average Salary | Complete Guide for 2024

Salary Comparison By Gender in Egypt

Experience YearIncrease in income
Male6% more than Females
Female6% 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 Egypt. 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 Egypt

In Egypt, 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 Egypt professions and their salaries:

ProfessionSalary (by month in 2024)
Doctors41,083 EGP
Engineers5,530 EGP
IT Professionals8,400 EGP
Investment Bankers6,600 EGP
Pilots7,300 EGP
Management Consultants5,450 EGP
Lawyers4,270 EGP
Dentists5,100 EGP
Pharmacists6,100 EGP
Labor2,600 EGP
Accountant4,200 EGP
Architect6,430 EGP
Barber4,800 EGP
Chef4,570 EGP
Electrician4,500 EGP
Fashion Designer7,210 EGP
Financial Analyst9,216 EGP
Firefighter6,300 EGP
Graphic Designer6,800 EGP
Human Resources Manager4,110 EGP
Journalist10,900 EGP
Judge11,500 EGP
Marketing Manager8,300 EGP
Nurse4,100 EGP
Occupational Therapist3,540 EGP
Painter4,000 EGP
Police Officer9,800 EGP
Real Estate Agent5,208 EGP
School Teacher7,476 EGP
Technical Writer9,160 EGP

Bonuses on Salary in Egypt

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.

FAQs

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

The average hourly wage in Egypt stands at 171 EGP, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 9.95 EGP, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Egypt.

How much is the government vs private sector salary difference?

There exists an approximately 9% salary disparity between government and private sector employment in Egypt. Government employees tend to enjoy a 9% 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 Egypt.

What is the cost of living in Egypt in 2024?

In 2024, living in Egypt entails various costs. For accommodation, monthly rent ranges from 5,000 EGP to 18,000 EGP. Grocery expenses vary from 1,200 EGP to 3,000 EGP for a single person or a family of four. Dining out costs between 100 EGP to 200 EGP + per person.

Transportation includes a monthly pass for 200 EGP-450 EGP and taxi rides for 150-250 EGP. Utilities may total 300 EGP-9,000 EGP per month, phone bills 80 EGP-190 EGP, gym memberships 220 EGP-320 EGP, and movie tickets 10-50 per person EGP.

Egypt offers relatively affordable living, yet careful budgeting is advised, as individual circumstances may lead to variations in costs.

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