Key Facts: Greece vs Turks and Caicos Islands Wages
- Greece Minimum Wage
- €5.31/hr ($6.18 USD)
- Turks and Caicos Islands Minimum Wage
- $8/hr
- Greece Avg. Gross Monthly Salary
- €1,400 /mo ($1,630.37 USD)
- Data Sources
- Ministry of Labour and Social Security (Υπουργείο Εργασίας και Κοινωνικής Ασφάλισης); 2026 figure verified via Wikipedia EU member states by minimum wage table (eff 2026-04-01) (2026-05-04), TC Weekly News — Minimum Wage Increase (2026-05-04)
Greece 
Turks and Caicos Islands
Updated 2026-05-04
Turks and Caicos Islands Minimum Wage
$8 /hr
Both high-income economies, Greece and Turks and Caicos Islands set comparable minimum wage floors in USD terms.
Detailed Comparison
| Metric | Greece | Turks and Caicos Islands |
|---|---|---|
| Minimum wage /hr | €5.31 $6.18 | $8 |
| Minimum wage /mo | €920 $1,071.39 | $1,386.67 |
| Minimum wage /yr | €12,880 $14,999.42 | $16,640 |
| Avg. gross salary /mo | €1,400 /mo $1,630.37 | N/A/mo |
| Avg. net salary /mo | €1,100 /mo $1,281.01 | N/A/mo |
| Median individual income /yr | €12,800 /yr $14,906.25 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Greece is higher.
Work Week
- Greece
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.2x pay
Standard workweek is 40 hours across 5 days (Labour Law). Overtime beyond 40 hours is compensated at 120% for the first 5 hours per week and 140% thereafter. In 2024, Greece introduced optional 6-day workweek legislation for certain industries, with the 6th day paid at 140%. EU Working Time Directive limits average to 48 hrs/week.
- Turks and Caicos Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours under the Employment Ordinance.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Greece earns 29% less per hour in USD terms than one in Turks and Caicos Islands.
See this comparison from Turks and Caicos Islands's perspective: Turks and Caicos Islands vs Greece
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Greece vs Singapore Frequently Asked Questions
Is the minimum wage higher in Greece or Turks and Caicos Islands?
In Greece, the minimum wage is €5.31/hr ($6.18 USD). In Turks and Caicos Islands, it is $8/hr. Turks and Caicos Islands has the higher rate by 29% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Greece may retain a larger share of their earnings if prices there are lower.
How do work hours compare between Greece and Turks and Caicos Islands?
Both Greece and Turks and Caicos Islands mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.