Average Salary in Greece 2022

How much do Greek workers earn?

The average monthly wage in Greece is around 2,430 EUR. The salary ranges from 620 EUR to 10,900 EUR. The average Greek salary is lower than the European Union average salary.

This also includes the housing, health, and education sectors. In the private sector, the average salary is higher than in the public sector. The Highest Paid Jobs in Greece.

The highest-paid jobs in Greece are usually in management positions or jobs that require high levels of experience or training.

Greece’s Wage Distribution

Pay Scale

A month’s salary in Greece might vary anywhere from 620 EUR to 10,900 EUR. Out of the total workforce, around 17% make up the lowest wage earners while 1.3% make up the highest wage earners.

Median Income

With a median income of 2,340 EUR, half of the population makes less than this amount, while the other half makes more than this amount. The Greek median income is lower than the European Union average of 2,999 EUR.

Percentiles

Most people make more than 1,330 EUR, with 75% of the population earning at least that amount. The Greek bottom 10% earn less than 620 EUR while the top 10% of earners take home more than 10,900 EUR.

Is there a difference between a person’s average and median earnings?

Both average income and median wage are indicators. The median wage, on the other hand, is the value that lies in the middle of a dataset when it is arranged in order from highest to lowest.

In 2018, the average person in Greece earned €21,183. The median wage was lower, at €17,716.

Greece has a relatively low average wage when compared to other European countries. In 2018, the country ranked 26th out of the 28 EU member states in terms of average salary. Only Bulgaria and Romania had lower average wages than Greece.

However, it is worth noting that the cost of living in Greece is also relatively low. When factoring in the cost of living, Greece’s average wage appears more favorable.

Comparison of Earnings based on Years of Work Experience

How does a Greek worker’s salary grow over time?

New entrants to the workforce in Greece can expect to earn an average salary of €10,561 per year. Salaries will typically increase with each year of experience, with workers earning an average total compensation of €21,957 (including tips, bonus, and overtime pay) after 20 years on the job.

Workers in Greece with more experience but less seniority can expect to earn an average of €15,420 per year. The most experienced workers (with 25 years or more of experience) bring in salaries averaging €24,280 per year.

Average salary in Europe

The table below provides an overview of the average salaries earned by Greek workers at different stages in their careers:

Workers in Greece can expect to earn the following:

  • New entrants to the workforce: €10,561 per year
  • After 1-4 years of experience: €12,553 per year
  • After 5-9 years of experience: €14,895 per year
  • After 10-19 years of experience: €18,470 per year
  • After 20 years or more of experience: €21,957 per year
  • The most experienced workers (with 25 years or more of experience): €24,280 per year.

Comparison of Earnings based on Education in Greece

How does your education level impact your salary?

In Greece, those with a high school education earn an average of €10,713 per year. College graduates earn an average of €17,564 per year. And those with a Master’s degree or higher earn an average of €22,973 per year.

Interestingly, there is not a significant difference in earnings between those with a Bachelor’s degree and those with a Master’s degree. However, both groups earn significantly more than those who only have a high school education.

Earnings also vary based on the field of study. Those in engineering and mathematics tend to earn the most, followed by those in business and the humanities. Social science and education majors earn the least.

So if you’re looking to maximize your earnings potential, Greece is a great place to get an education in engineering or mathematics. And if you’re looking to make a difference in the world, consider studying social science or education. With the right degree, you can make a good living no matter what field you choose.

Are Masters and MBA degrees worth the time and money? Should you seek a college education?

The answer to these questions depends on your goals and preferences. If you want to earn the highest possible salary, then an engineering or mathematics degree from a Greek college is your best bet.

However, if you’re more interested in making a difference in the world, then a social science or education degree may be more suitable for you. Ultimately, it’s up to you to decide what’s worth the time and money for you.

Gender-Based Salary Comparisons in Greece

On average, men in Greece earn 7% more than women in all industries combined. When broken down by industry, the financial and insurance sector reports the most significant gender pay gap in Greece, with men earning 18.4% more than women.

The data also suggests that there is a substantial difference in average salaries between public and private sector employees in Greece. Private sector workers earn an average of 25% more than those employed in the public sector.

Take note that these findings are based on data from 2018 and may not be reflective of the current state of salaries in Greece.

Greece’s Average Annual Salary Increase Percentage

In Greece, how much do people get paid each year? Are increases given to workers on a more regular basis?

Every 16 months, Greek workers may expect to see a 9% rise in their wages. The average salary in Greece is currently €22,840.00 per year. This means that workers in Greece can expect to earn an extra €1,994.44 every 16 months.

The salary increase also depends on the company’s size. For example, a small company with less than 50 employees may only offer a 5% salary increase while a large company with more than 250 employees may offer up to a 12% salary increase.

The minimum wage in Greece is €751 per month. The average monthly salary is €1,865. The median salary is €2,043 per month.

There are many different factors that can affect how much someone earns in Greece. These include:

  • The industry they work in
  • The size of the company they work for
  • Their level of experience and qualifications
  • Their location
  • The sector they work in (public or private)
  • The type of contract they have

All of these factors will affect how much someone earns in Greece. For example, someone who works in the public sector is likely to earn less than someone who works in the private sector. Someone who works for a large company is likely to earn more than someone who works for a small company.

And someone with more experience and qualifications is likely to earn more than someone who is just starting out.

Annual Growth Rate by Work Sector in Greece 2022

  • Construction – 9%
  • Energy – 6%
  • Information Technology – 9%
  • Manufacturing – 4%
  • Telecommunications – 6%
  • Transportation – 4%
  • Average Salary by Gender in Greece 2022
  • Female – $21,000
  • Male – $25,000

The average salary in Greece is expected to grow by 4% in 2022. The construction and information technology sectors are expected to see the highest growth rates, at 9%. The transportation and manufacturing sectors are expected to see the lowest growth rates, at 4%.

There is a gender pay gap in Greece, with men earning on average EUR 5,000 more than women. The average salary for men is expected to be EUR 25,000 in 2022, while the average salary for women is expected to be EUR 21,000.

Average Annual Income Growth by Level of Experience in Greece

Workers in Greece that is on a junior level may expect to have an annual salary increase of 3-5% every year. With each new promotion or position, there is likely to be an accompanying salary increase of 10-15%. Professionals with many years of experience may only receive cost-of-living increases annually, which are currently at about 1.5%.

It is important to note that while cost-of-living increases are typically lower in Greece than in other countries, they have been rising steadily over the past few years. Employees that are able to negotiate a higher salary at their current job or find a new position with a different company may be able to receive a larger raise than those who cannot.

The table below provides an overview of the average salaries for various levels of experience in Greece:

  • Junior Level – €23,000 per year
  • Mid-Level – €35,000 per year
  • Senior Level – €45,000 per year

Professionals with many years of experience may only receive cost-of-living increases annually, which are currently at about 1.5%. Even so, it is still possible to negotiate a higher salary at their current job or find a new position with a different company and receive a larger raise.

Greek Bonus & Incentive Payouts

How frequently are bonuses given to Greek workers?

In Greece, the workforce that was questioned claimed that 49% of them had not received any bonuses or incentives in the preceding year, while 51% of them said that they had gotten at least one sort of monetary bonus.

Bonuses ranged from 3% to 5% of yearly compensation for those who received them. The most common bonuses were given out for good attendance, meeting targets, and working weekends or overtime.

Types of Rewards and Bonuses

Individual Bonuses Determined by Work Performance

Individual-based bonuses are usually determined based on how well an employee meets her job responsibilities, as well as how she contributes to the company’s overall performance.

For example, a customer service representative who consistently provides excellent service and helps to increase customer satisfaction may be eligible for a bonus. Similarly, a salesperson who meets or exceeds his sales targets may also receive a bonus.

Bonuses Based on Company Performance

This is given to employees as a way to share in the company’s success. For instance, if the company had a great year and made a lot of money, all employees may get a bonus.

Profit-sharing plans are another type of bonus that’s based on company performance. With this type of plan, a portion of the company’s profits is given to employees

Employees may also receive stock options as part of their bonus. This gives them the right to buy shares in the company at a set price. If the company does well and the stock price goes up, employees can make a lot of money by exercising their options and selling their shares.

Goal-Based Rewards

Employees may be given bonuses for achieving specific goals. For example, a salesperson who meets or exceeds her sales targets for the year may receive a bonus.

Bonuses can also be given for meeting other goals, such as reducing costs, improving customer satisfaction, or increasing productivity.

Bonuses for the Holidays and at the End of the Year

Many companies give their employees bonuses around the holidays or at the end of the year. This is often in addition to any other bonuses they may have earned during the year.

Holiday bonuses are usually given in the form of cash, but some companies may give gifts instead. End-of-year bonuses are usually a bit larger than holiday bonuses and may be given in the form of cash, shares of stock, or profit-sharing.

Comparison of Bonuses by Line Of Work in Greece

What makes a job worth the high pay and generous bonuses?

Bonuses and salaries can vary greatly by a line of work in Greece.

The job with the highest average salary in Greece is that of an air traffic controller, who makes an average of €79,943 per year. This is followed by CEOs, who make an average of €71,816 per year, and financial managers, who make an average of €67,685 per year.

On the other hand, the job with the lowest average salary in Greece is that of a personal care assistant, who makes an average of €5,788 per year. This is followed by agricultural workers, who make an average of €7,553 per year, and janitors, who make an average of €8,067 per year.

The job with the highest bonuses is that of a CEO, who receives an average bonus of €15,973 per year. This is followed by financial managers, who receive an average bonus of €13,258 per year, and sales managers, who receive an average bonus of €12,335 per year.

Seniority Bonus Comparison in Greece

Senior workers in Greece are entitled to a number of bonuses that are not available to their counterparts in other countries.

For example, the 13th and 14th salaries (known as the “Christmas bonus” and the “Easter bonus,” respectively) are paid out to all employees in Greece regardless of how long they have been with their company.

Additionally, seniority bonuses are available for employees who have been with their company for more than 10 years. These bonuses can be worth up to two months’ salary and are paid out twice per year.

Salaries for High-Paying Professions in Greece

Administration / Secretarial

  • Administrative Assistant – 1,280 EUR
  • Office Manager – 2,100 EUR
  • Receptionist – 1,040 EUR
  • Executive Assistant – 2,460 EUR
  • Personal Assistant – 1,920 EUR

Marketing / Advertising / PR

  • Marketing Manager – 3,780 EUR
  • Product Manager – 3,430 EUR
  • Marketing Specialist – 2,180 EUR
  • Social Media Specialist – 1,870 EUR

Sales / Customer Service

  • Sales Manager – 3,540 EUR
  • Customer Service Representative – 1,270 EUR
  • Technical Support Specialist – 1,650 EUR
  • Account Manager – 2,950 EUR

Finance / Banking / Insurance

  • Financial Analyst – 3,170 EUR
  • Accountant – 2,460 EUR
  • Controller – 4,520 EUR
  • Banker – 3,280 EUR
  • Insurance Agent – 2,860 EUR

Human Resources

  • HR Manager – 4,120 EUR
  • Recruiter – 2,740 EUR
  • Training Specialist – 2,560 EUR

Medical/Healthcare

  1. Doctor – 5,160 EUR
  2. Dentist – 3,940 EUR
  3. Nurse – 2,280 EUR
  4. Pharmacist – 2,980 EUR
  5. Veterinarian – 3,040 EUR

IT

  • Systems Administrator – 2,540 EUR
  • Database Administrator – 3,140 EUR
  • Network Engineer – 3,560 EUR
  • Web Developer – 2,980 EUR
  • Software Engineer – 4,130 EUR

Salary By City in Greece

Workers in Athens earn around 2,470 EUR per month on average, which is the highest salary among cities in Greece. Those working in Piraeus earn an average salary of 1,960 EUR per month, while workers in Thessaloniki earn 1,950 EUR on average. Salaries differ depending on many factors including industry, company size, experience and education levels.

The average salary in Greece is 2,200 EUR per month (or 26,400 EUR per year), which is slightly higher than the average salary in Europe of 2,000 EUR per month (or 24,000 EUR per year). The cost of living in Greece is also relatively low compared to other Western European countries.

If you are considering moving to Greece or looking for a job there, it is important to know how much money you will need to live comfortably. The average salary in Greece is a good starting point, but keep in mind that your actual salary will depend on many factors, including your skills, experience and education levels.

Greek Hourly Wage

In Greece, the average hourly earning is 14 EUR. The average monthly salary is 2061 EUR. The average yearly salary is 24,732 EUR.

The hourly wage calculation may differ slightly depending on the number of hours worked per week. In Greece, the average workweek is 41 hours. The average worker in Greece works 2,096 hours per year.

The hourly wage also depends on the worker’s age, experience, and education level. The minimum wage in Greece is 684 EUR per month. The minimum wage for workers under the age of 18 is €360 per month.

The Salary Differences Between the Government and Private Sector

On average, public sector workers in Greece earn 6% more than their private-sector counterparts. This is due to a number of factors, including higher salaries for government jobs, and the fact that a larger proportion of public sector workers are unionized.

In terms of specific occupations, the highest-paid public sector employees are doctors, lawyers, and engineers. On the other hand, teachers, police officers, and firefighters earn relatively modest salaries.

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