Average Salary in Lebanon by 2024 | Cost of Living

Average Salary in Lebanon by 2024 | Cost of Living

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

The Lebanese pound used to pay salaries in Lebanon is known as LBP, and the currency symbol is ل.ل‎. By considering these key elements, individuals can gain a better understanding of the dynamic job market in Lebanon and make more informed decisions regarding their career and financial planning.

Salary in Lebanon by Year and Month

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

Annual
Salary
Lowest
6,922,100 LBP
Average
27,361,200 LBP
Maximum
122,398,700 LBP

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

Monthly
Salary
Lowest
576,841 LBP
Average
2,280,100 LBP
Maximum
10,199,891 LBP

Comparison of Salaries in Lebanon Cities

As depicted in the preceding tables, we’ve analyzed the contrast between annual and monthly salaries in Lebanon. 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)
Tripoli10,199,891 LBP
Beirut9,973,900 LBP
Sidon9,871,200 LBP
Tyre9,669,800 LBP
Borj Hammoud8,568,200 LBP
El Minié5,765,000 LBP
Aaley4,762,500 LBP
Joünié5,759,700 LBP
Zahlé5,477,600 LBP
Nabatîyé3,755,500 LBP
Borj el Qoblé2,955,400 LBP
El Ghâzîyé1,654,300 LBP
Qabb Eliâs1,113,200 LBP
Batroûn1,034,100 LBP
Jbaïl923,000 LBP
Barr Eliâs812,900 LBP
Zghartā715,800 LBP
Bent Jbaïl716,700 LBP
Chmistâr669,600 LBP
Qornet Chahouâne5611,500 LBP
Baalbek556,400 LBP
El Bâzoûrîyé555,300 LBP
Baaqlîne557,200 LBP
Kahhalé518,100 LBP
Barja509,000 LBP
Bteghrîne501,908 LBP
Sarafand556,980 LBP
Srîfa513,655 LBP
Qâna2,500,760 LBP
Ed Dâmoûr690,170 LBP
Kfar Aabîda1,090,870 LBP
Baabda698,390 LBP
El Qalamoûn908,120 LBP
Ej Jmaïlîyé509,390 LBP
Nahr Ibrâhîm908,340 LBP
Halba765,908 LBP
Zakrît901,870 LBP
Saoufar898,921 LBP
Borj Rahhâl9,123,980 LBP
Jdaidet el Matn908,465 LBP
Sîr ed Danniyé567,890 LBP
Jezzîne783,920 LBP

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 Lebanon

As mentioned earlier, salary in Lebanon often depends on experience. The minimum and starting monthly salary in Lebanon is 576,841 LBP, with variations based on one’s experience level. Notably, 31% of Lebanon’s population earns a basic salary of 576,841 LBP per month, which includes most of the labor.

  • Average Salary in Lebanon

As previously discussed, salaries in Lebanon exhibit variations in line with experience. The median/average monthly salary in Lebanon stands at 2,280,100 LBP, with a quarter of the population, approximately 39%, 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 Lebanon

Continuing our exploration of salary dynamics in Lebanon, we turn to maximum earnings. The maximum monthly salary in Lebanon reaches 10,199,891 LBP including employees of some famous private companies and government officials. Specifically, about 30% 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 Lebanon.

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Salary Comparison by Experience in Lebanon

Securing a competitive salary in any sector or organization hinges on valuable work experience, and Lebanon is no exception. In Lebanon’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 Lebanon’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 Lebanon

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

  • Illiterate Salary in Lebanon

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

  • High School Graduates Salary in Lebanon

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

  • Certificate or Diploma Holders Salary in Lebanon

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 Lebanon

Pursuing 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 Lebanon

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 Lebanon.

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Salary Comparison By Gender in Lebanon

Experience YearIncrease in income
Male3% more than Females
Female3% less than men

Men generally earn 3% more than women, which shows that Males earn more than Females. Conversely, Females earn 3% less than males in Lebanon. 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 Lebanon

In Lebanon, 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 Lebanon professions and their salaries:

ProfessionSalary (by month in 2024)
Doctors9,976,500 LBP
Engineers,8975,530 LBP
IT Professionals8,958,400 LBP
Investment Bankers7,946,600 LBP
Pilots7,977,300 LBP
Management Consultants5,665,450 LBP
Lawyers6,784,270 LBP
Dentists6,555,100 LBP
Pharmacists5,616,100 LBP
Labor526,600 LBP
Accountant4,814,200 LBP
Architect516,430 LBP
Barber614,800 LBP
Chef912,570 LBP
Electrician611,500 LBP
Fashion Designer3,217,210 LBP
Financial Analyst2,719,216 LBP
Firefighter2,111,300 LBP
Graphic Designer2,612,800 LBP
Human Resources Manager2,514,110 LBP
Journalist9,510,900 LBP
Judge6,081,500 LBP
Marketing Manager9,718,300 LBP
Nurse3,541,100 LBP
Occupational Therapist2,49,540 LBP
Painter2,19,000 LBP
Police Officer1,926,800 LBP
Real Estate Agent1,951,208 LBP
School Teacher1,554,476 LBP
Technical Writer1,234,160 LBP

Bonuses on Salary in Lebanon

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.

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FAQs

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

The average hourly wage in Lebanon stands at 42,499 LBP, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 2,403. LBP, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Lebanon.

How much is the government vs private sector salary difference?

There exists an approximately 5% salary disparity between government and private sector employment in Lebanon. 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 often extended to those in public service roles in Lebanon.

What is the cost of living in Lebanon in 2024?

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

1)
Monthly rent for accommodation ranges from 92,100 LBP to 918,000 LBP.

2) Grocery expenses range from LBP 50,000 to LBP 200,000 for an individual or a family of four.

3) Meals cost between LBP 30,000 to LBP 190,000 + per person.

4) Transportation includes a monthly pass of 20,000 LBP-200,000 LBP and a taxi ride of 2,350-10,500 LBP.

5) Utilities can total LBP 25,000-120,000 per month, phone bills LBP 9,000-43,000, gym memberships LBP 10,000-45000, and movie tickets LBP 700-5000 per person.

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

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