Key Facts: Cyprus Wages
- Country
- Cyprus (CYP)
- Continent
- Europe
- Currency
- Euro (EUR)
- Minimum Wage
- €6.28 /hr ($7.15 USD)
- Average Gross Monthly Salary
- €2,200 /month
- Average Gross Annual Salary
- €26,400 /year
- Median Individual Income
- €17,000 /year
- Standard Work Week
- 40 hours
- Data Source
- Ministry of Labour and Social Insurance; 2026 figure verified via Wikipedia EU member states by minimum wage table (eff 2026-01-01)
- Last Updated
- 2026-05-04
Cyprus — Average Salary & Wages
Euro (EUR) Data verified Jan 2026 Sources
The average salary in Cyprus is
€26,400 a year
But half of all workers earn less than €17,000 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Cyprus is €6.28/hr ($7.15 USD) as of 2026. The average gross monthly salary is €2,200 ($2,504.27 USD). The median monthly income is €1,416.67 ($1,612.60 USD).
Cyprus' minimum wage is near the median for Europe, ranking #18 out of 40 countries with statutory minimum wages. Over the past 3 years, the minimum wage has increased by 21% in nominal terms. The standard work week is 40 hours.
Average gross monthly earnings for full-time employees. Net estimated after progressive income tax (0-35%) and social insurance contributions (8.3% employee share).
• SECTOR RATES
Standard (after 6 months employment)
€1,088 /mo
Since 2026-01-01
First 6 months of employment
€979 /mo
Since 2026-01-01
Minimum Wage Trend
Since 2023, the minimum wage has grown +21% in nominal terms.
• PPP ADJUSTED
In Cyprus, the minimum wage has the purchasing power of $11.02/hr in the United States, adjusted for local cost of living using the World Bank PPP conversion factor.
In Context
At minimum wage, a full-time worker in Cyprus earns €1,088/mo. That is 49% of the average gross salary.
- Monthly (full-time)
- €1,088 at min. wage
- Share of avg. salary
- 49% gross, before tax
- USD equivalent
- $1,238.47/mo monthly
- Nominal growth
- +21% since 2023
Wage Breakdown
- Hourly
- €6.28
- Monthly
- €1,088
- Annual
- €13,056Based on 12 monthly payments
National minimum wage introduced on 1 January 2023 for the first time. 2026 rate of €1,088/month effective January 1 (8.8% increase from 2025's €1,000). After the first 6 months of employment, the minimum wage is €1,088/month. During the first 6 months, the minimum is €979/month. Cyprus adopted the euro in 2008. Previously, Cyprus only had minimum wages for specific occupations.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 1.5x pay
Standard workweek is typically 38-40 hours depending on sector (most common is 40 hours in 5 days). Maximum 48 hours/week averaged over 4 months. Overtime premium depends on collective agreements, typically 50%.
How Cyprus Compares
| Metric | Cyprus | Europe Avg. | Europe Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $7.15/hr | $8.44/hr | $17.99/hr (Jersey) |
| Avg. salary (USD equiv.) | $2,504.27/mo | $3,218.62/mo | $9,615.38/mo (Switzerland) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| United States | $7.25 |
| New Caledonia | $7.04 |
| Croatia | $6.90 |
| Japan | $6.89 |
| Curaçao | $6.66 |
| Cyprus | $7.15 |
Related Wage Comparisons
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Wages tell half the story. See purchasing power, prices, and quality-of-life context for Cyprus on our sister site.
Cost of living in Cyprus on costofliving.is →Frequently Asked Questions
What is the minimum wage in Cyprus?
The minimum wage in Cyprus is €6.28/hr (approximately $7.15 USD), effective since 2026-01-01. National minimum wage introduced on 1 January 2023 for the first time. 2026 rate of €1,088/month effective January 1 (8.8% increase from 2025's €1,000). After the first 6 months of employment, the minimum wage is €1,088/month. During the first 6 months, the minimum is €979/month. Cyprus adopted the euro in 2008. Previously, Cyprus only had minimum wages for specific occupations.
What is the average salary in Cyprus?
The average gross monthly salary in Cyprus is €2,200 (approximately $2,504.27 USD). Average gross monthly earnings for full-time employees. Net estimated after progressive income tax (0-35%) and social insurance contributions (8.3% employee share). Source: Statistical Service of Cyprus (CYSTAT) (2025).
How many hours is the standard work week in Cyprus?
The standard work week in Cyprus is 40 hours, with a legal maximum of 48 hours. Overtime is paid at 1.5x the normal rate. Standard workweek is typically 38-40 hours depending on sector (most common is 40 hours in 5 days). Maximum 48 hours/week averaged over 4 months. Overtime premium depends on collective agreements, typically 50%.
How has the minimum wage in Cyprus changed over time?
The minimum wage in Cyprus has changed as follows: €900 in 2023, €940 in 2024, €1,000 in 2025, €1,088 in 2026. This represents 4 recorded adjustments.
What is the minimum wage in Cyprus in USD?
The minimum wage in Cyprus converts to approximately $7.15/hr in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
What is the average salary in Cyprus in USD?
The average gross monthly salary in Cyprus is approximately $2,504.27 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Cyprus's minimum wage compare to the Europe average?
Cyprus's minimum wage ranks #18 out of 40 countries with statutory minimum wages in Europe, placing it near the median for Europe.
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