The Average Salary in Eritrea by 2024 | Cost of Living

The Average Salary in Eritrea by 2024 | Cost of Living

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 gain a better understanding of the dynamic job market in Eritrea 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, 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 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 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)
Asmara27,300 ERN
Keren23,500 ERN
Gwelej21,600 ERN
Assab19,300 ERN
Massawa18,250 ERN
Mendefera15,500 ERN
Dbarwa12,400 ERN
Barentu9,500 ERN
Bēylul11,600 ERN
Adi Keyh10,500 ERN
Ghinda’e11,400 ERN
Edd12,300 ERN
Dek’emhāre11,200 ERN
Ak’ordat10,100 ERN
Nefasīt9,000 ERN
Senafe8,900 ERN
Teseney7,800 ERN
Zula6,700 ERN

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 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.

Read More: The Average Salary in Algeria by 2024

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 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 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.

Read More: Average Salary in Morocco by 2024

Salary Comparison By Gender in Eritrea

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 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:

ProfessionSalary (by month in 2024)
Doctors6,500 ERN
Engineers5,530 ERN
IT Professionals5,400 ERN
Investment Bankers6,600 ERN
Pilots7,300 ERN
Management Consultants5,450 ERN
Lawyers4,270 ERN
Dentists5,100 ERN
Pharmacists6,100 ERN
Labor600 ERN
Accountant4,200 ERN
Architect6,430 ERN
Barber4,800 ERN
Chef2,570 ERN
Electrician1,500 ERN
Fashion Designer7,210 ERN
Financial Analyst9,216 ERN
Firefighter1,300 ERN
Graphic Designer2,800 ERN
Human Resources Manager4,110 ERN
Journalist0,900 ERN
Judge8,500 ERN
Marketing Manager3,300 ERN
Nurse1,100 ERN
Occupational Therapist540 ERN
Painter9,000 ERN
Police Officer6,800 ERN
Real Estate Agent1,208 ERN
School Teacher4,476 ERN
Technical Writer4,160 ERN

Bonuses on Salary in Eritrea

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 Egypt for 2024

FAQs

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

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.

How much is the government vs private sector salary difference?

There exists an approximately 5% salary disparity between government and private sector employment in Eritrea. Government employees tend to 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.

What is the cost of living in Eritrea in 2024?

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.

Follow Us

If you’ve enjoyed our topic today, kindly support us by following our social media pages (Twitter, Facebook, and Instagram). Stay updated on our latest content and join our community. Your engagement fuels our mission to provide valuable information and insights.

Thank you for being part of our online network!