Average Salary in Saudi Arabia by 2024 | Cost of Living

Average Salary in Saudi Arabia by 2024 | Cost of Living

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

The Saudi riyal used to pay salaries in Saudi Arabia is known as SAR, and the currency symbol is SR, ر.س, ﷼‎. By considering these key elements, individuals can gain a better understanding of the dynamic job market in Saudi Arabia and make more informed decisions regarding their career and financial planning.

Salary in Saudi Arabia by Year and Month

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

Annual
Salary
Lowest
52,460 SAR
Average
200,000 SAR
Maximum
893,500 SAR

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

Monthly
Salary
Lowest
4,371 SAR
Average
16,666 SAR
Maximum
74,458 SAR

Comparison of Salaries in Saudi Arabia Cities

As depicted in the preceding tables, we’ve analyzed the contrast between annual and monthly salaries in Saudi Arabia. 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)
Riyadh74,200 SAR
Jeddah73,900 SAR
Mecca71,200 SAR
Medina69,800 SAR
Dammam68,200 SAR
Al-Khobar65,000 SAR
Dhahran62,500 SAR
Abha59,700 SAR
Taif57,600 SAR
Buraidah55,500 SAR
Khamis Mushait55,400 SAR
Hail54,300 SAR
Tabuk43,200 SAR
Najran34,100 SAR
Jubail23,000 SAR
Al-Ahsa12,900 SAR
Qatif15,800 SAR
Yanbu16,700 SAR
Hafar Al-Batin9,600 SAR
Al Jubayl11,500 SAR
Al-Kharj6,400 SAR
Al-Qunfudhah5,300 SAR
Arar7,200 SAR
Sakakah8,100 SAR
Al Majma’ah9,000 SAR

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 Saudi Arabia

As mentioned earlier, salary in Saudi Arabia often depends on experience. The minimum and starting monthly salary in Saudi Arabia is 4,371 SAR, with variations based on one’s experience level. Notably, 26% of Saudi Arabia’s population earns a basic salary of 4,371 SAR per month, which includes most of the labor.

  • Average Salary in Saudi Arabia

As previously discussed, salaries in Saudi Arabia exhibit variations in line with experience. The median/average monthly salary in Saudi Arabia stands at 16,666 SAR, 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 Saudi Arabia

Continuing our exploration of salary dynamics in Saudi Arabia, we turn to maximum earnings. The maximum monthly salary in Saudi Arabia reaches 74,458 SAR 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 Saudi Arabia.

Read More: The Average Salary in Algeria by 2024

Salary Comparison by Experience in Saudi Arabia

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

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

  • Illiterate Salary in Saudi Arabia

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

  • High School Graduates Salary in Saudi Arabia

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

  • Certificate or Diploma Holders Salary in Saudi Arabia

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 Saudi Arabia

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 Saudi Arabia

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 Saudi Arabia.

Read More: Average Salary in Morocco by 2024

Salary Comparison By Gender in Saudi Arabia

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 Saudi Arabia. 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 Saudi Arabia

In Saudi Arabia, 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 Saudi Arabia professions and their salaries:

ProfessionSalary (by month in 2024)
Doctors76,500 SAR
Software Engineers75,530 SAR
IT Professionals58,400 SAR
Investment Bankers46,600 SAR
Pilots77,300 SAR
Management Consultants65,450 SAR
Lawyers84,270 SAR
Dentists55,100 SAR
Pharmacists16,100 SAR
Labor6,600 SAR
Accountant14,200 SAR
Architect16,430 SAR
Barber14,800 SAR
Chef12,570 SAR
Electrician11,500 SAR
Fashion Designer17,210 SAR
Financial Analyst19,216 SAR
Firefighter11,300 SAR
Graphic Designer12,800 SAR
Human Resources Manager14,110 SAR
Journalist10,900 SAR
Judge81,500 SAR
Marketing Manager18,300 SAR
Nurse41,100 SAR
Occupational Therapist9,540 SAR
Painter9,000 SAR
Police Officer26,800 SAR
Real Estate Agent51,208 SAR
School Teacher54,476 SAR
Technical Writer34,160 SAR

Bonuses on Salary in Saudi Arabia

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 Saudi Arabia?

The average hourly wage in Saudi Arabia stands at 310.24 SAR, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 18.21 SAR, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Saudi Arabia.

How much is the government vs private sector salary difference?

There exists an approximately 5% salary disparity between government and private sector employment in Saudi Arabia. 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 Saudi Arabia.

What is the cost of living in Saudi Arabia in 2024?

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

1)
Monthly rent for accommodation ranges from 200 SAR to 18,000 SAR.

2) Grocery expenses range from SAR 500 to SAR 2,000 for an individual or a family of four.

3) Meals cost between SAR 300 to SAR 900 + per person.

4) Transportation includes a monthly pass of 900 SAR-1450 SAR and a taxi ride of 150-1,250 SAR.

5) Utilities can total SAR 300-9,000 per month, phone bills SAR 1,000-5,000, gym memberships SAR 90-320, and movie tickets SAR 10-90 per person.

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

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