The Average Salary in Somalia by 2024 | Cost of Living

The Average Salary in Somalia by 2024 | Cost of Living

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

The Somali Shilling used to pay salaries in Somalia is known as SOS, and the currency symbol is  Sh.so‎. By considering these key elements, individuals can gain a better understanding of the dynamic job market in Somalia and make more informed decisions regarding their career and financial planning.

Salary in Somalia by Year and Month

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

Annual
Salary
Lowest
788,000 SOS
Average
3,108,200 SOS
Maximum
13,919,600 SOS

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

Monthly
Salary
Lowest
65,666 SOS
Average
259,016 SOS
Maximum
1,159,966 SOS

Comparison of Salaries in Somalia Cities

As depicted in the preceding tables, we’ve analyzed the contrast between annual and monthly salaries in Somalia. 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)
Mogadishu1,159,966 SOS
Hargeisa1,073,900 SOS
Bosaso971,200 SOS
Kismayo969,800 SOS
Berbera968,200 SOS
Garowe865,000 SOS
Galkayo762,500 SOS
Marka659,700 SOS
Baidoa557,600 SOS
Beledweyne455,500 SOS
Jowhar355,400 SOS
Dhusamareb24,300 SOS
Buurhakaba23,200 SOS
Las Anod21,100 SOS
Qardho20,000 SOS
Borama182,900 SOS
Garbahaarey175,800 SOS
Burao156,700 SOS
Baraawe149,600 SOS
Eyl121,500 SOS

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 Somalia

As mentioned earlier, salary in Somalia often depends on experience. The minimum and starting monthly salary in Somalia is 65,666 SOS, with variations based on one’s experience level. Notably, 38% of Somalia’s population earns a basic salary of 65,666 SOS per month, which includes most of the labor.

  • Average Salary in Somalia

As previously discussed, salaries in Somalia exhibit variations in line with experience. The median/average monthly salary in Somalia stands at 259,016 SOS, with a quarter of the population, approximately 38%, 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 Somalia

Continuing our exploration of salary dynamics in Somalia, we turn to maximum earnings. The maximum monthly salary in Somalia reaches 1,159,966 SOS including employees of some famous private companies and government officials.

Specifically, about 24% 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 Somalia.

Read More: The Average Salary in Algeria by 2024

Salary Comparison by Experience in Somalia

Securing a competitive salary in any sector or organization hinges on valuable work experience, and Somalia is no exception. In Somalia’s employment landscape, individuals without prior experience typically receive the minimum wage. However, those with 1 to 5 years of experience enjoy a 12% 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 24%, and those with over 21 years of expertise are rewarded with a substantial 31% salary enhancement. This structured approach to compensation demonstrates Somalia’s recognition of the significance of experience in determining wages.

Experience YearIncrease in income
0 Years Experiencelowest Income
1-5 years of experience12% Boosted
6-10 years of experience18% Boosted
11-20 years of experience24% Boosted
More than 21 years of experience31% Boosted

Salary Comparison by Education in Somalia

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

  • Illiterate Salary in Somalia

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

  • High School Graduates Salary in Somalia

Those who completed high school outperform the illiterate population, enjoying a notable 15% salary increase.

  • Certificate or Diploma Holders Salary in Somalia

Individuals with a certificate or diploma go a step further, securing a substantial 22% higher income compared to high school graduates.

  • Bachelor’s Degree Holders Salary in Somalia

Pursuing a Bachelor’s Degree significantly enhances earning potential, as these professionals make 27% more than those with a certificate or diploma.

  • Ph.D. Holders Salary in Somalia

While those with a Bachelor’s Degree experience impressive earnings, those who have earned a Ph.D. receive a noteworthy 21% boost in income compared to Bachelor’s Degree holders. This data underscores the substantial impact of education on income levels in Somalia.

Read More: Average Salary in Syria by 2024

Salary Comparison By Gender in Somalia

Experience YearIncrease in income
Male4% more than Females
Female4% less than men

Men generally earn 4% more than women, which shows that Males earn more than Females. Conversely, Females earn 4% less than males in Somalia. 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 Somalia

In Somalia, 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 Somalia professions and their salaries:

ProfessionSalary (by month in 2024)
Doctors1,176,500 SOS
Software Engineers753,530 SOS
IT Professionals528,400 SOS
Investment Bankers426,600 SOS
Pilots1,177,300 SOS
Management Consultants635,450 SOS
Lawyers1,084,270 SOS
Dentists545,100 SOS
Pharmacists166,100 SOS
Labor116,600 SOS
Accountant174,200 SOS
Architect166,430 SOS
Barber144,800 SOS
Chef132,570 SOS
Electrician161,500 SOS
Fashion Designer557,210 SOS
Financial Analyst459,216 SOS
Firefighter351,300 SOS
Graphic Designer452,800 SOS
Human Resources Manager594,110 SOS
Journalist1,110,900 SOS
Judge1,281,500 SOS
Marketing Manager718,300 SOS
Nurse741,100 SOS
Occupational Therapist159,540 SOS
Painter139,000 SOS
Police Officer6,526,800 SOS
Real Estate Agent7,851,208 SOS
School Teacher5,994,476 SOS
Technical Writer3,984,160 SOS

Bonuses on Salary in Somalia

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: Average Salary in Syria by 2024

FAQs

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

The average hourly wage in Somalia stands at 4,833.19 SOS, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 273.60 SOS, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Somalia.

How much is the government vs private sector salary difference?

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

What is the cost of living in Somalia in 2024?

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

1)
Monthly rent for accommodation ranges from 22,200 SOS to 118,000 SOS.

2) Grocery expenses range from SOS 51,100 to SOS 100,000 for an individual or a family of four.

3) Meals cost between SOS 3100 to SOS 9100 + per person.

4) Transportation includes a monthly pass of 1900 SOS-11450 SOS and a taxi ride of 1510-12,150 SOS.

5) Utilities can total SOS 3100-19,000 per month, phone bills SOS 11,000-18,000, gym memberships SOS 90-320, and movie tickets SOS 1110-5950 per person.

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

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