Key Facts: Grenada Wages
- Country
- Grenada (GRD)
- Continent
- North America
- Currency
- East Caribbean Dollar (XCD)
- Minimum Wage
- EC$6.50 /hr ($2.41 USD)
- Average Gross Monthly Salary
- EC$3,200 /month
- Average Gross Annual Salary
- EC$38,400 /year
- Median Individual Income
- EC$18,000 /year
- Standard Work Week
- 40 hours
- Data Source
- Grenada Ministry of Labour / Eastern Caribbean Central Bank (ECCB)
- Last Updated
- 2026-02-25
Grenada — Average Salary & Wages
East Caribbean Dollar (XCD) Data verified Jan 2026 Sources
The average salary in Grenada is
EC$38,400 a year
But half of all workers earn less than EC$18,000 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Grenada is EC$6.50/hr ($2.41 USD) as of 2026. The average gross monthly salary is EC$3,200 ($1,185.19 USD). The median monthly income is EC$1,500 ($555.56 USD).
Estimated from GNI per capita of approximately USD 9,800 (2023) converted at the fixed XCD/USD peg of 2.7:1. Tourism, St. George's University, and agriculture (nutmeg) are the primary formal income sources.
Estimated average for formal sector workers. Tourism hospitality, government, and the university sector are primary formal employers. Construction has been active due to hotel and infrastructure development. Data quality is moderate for a small island economy.
Minimum Wage Trend
Since 2020, the minimum wage has grown +30% in nominal terms.
• PPP ADJUSTED
In Grenada, the minimum wage has the purchasing power of $4.14/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 Grenada earns EC$1,127/mo. That is 35% of the average gross salary.
- Monthly (full-time)
- EC$1,127 at min. wage
- Share of avg. salary
- 35% gross, before tax
- USD equivalent
- $417.41/mo monthly
- Nominal growth
- +30% since 2020
Wage Breakdown
- Hourly
- EC$6.50
- Daily
- EC$52Hourly rate × 8 hours
- Monthly
- EC$1,127Hourly rate × 40 hours/week × 52 weeks / 12 months
Grenada's Wages Regulation Act sets the national minimum wage. The EC$6.50/hour rate was introduced following a review of minimum wages across OECS member states. The XCD is pegged to the USD at 2.7:1 — a fixed rate maintained since 1976 by the Eastern Caribbean Central Bank (ECCB). Tourism (eco-tourism, dive tourism) is the dominant industry; nutmeg and mace are key agricultural exports. Grenada also has an active citizenship-by-investment program. St. George's University (an offshore medical school) is a significant employer and contributor to the economy.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 1.5x pay
Employment Act sets 40 hours/week standard. Overtime at 1.5x. Public holidays at 2x. English is the official language.
How Grenada Compares
| Metric | Grenada | North America Avg. | North America Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $2.41/hr | $5.82/hr | $17.13/hr (Bermuda) |
| Avg. salary (USD equiv.) | $1,185.19/mo | $1,569.85/mo | $6,228/mo (United States) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Jordan | $2.36 |
| Vanuatu | $2.48 |
| Maldives | $2.49 |
| Belize | $2.50 |
| Serbia | $2.52 |
| Grenada | $2.41 |
Cost of Living
Wages tell half the story. See purchasing power, prices, and quality-of-life context for Grenada on our sister site.
Cost of living in Grenada on costofliving.is →Frequently Asked Questions
What is the minimum wage in Grenada?
The minimum wage in Grenada is EC$6.50/hr (approximately $2.41 USD), effective since 2022-01-01. Grenada's Wages Regulation Act sets the national minimum wage. The EC$6.50/hour rate was introduced following a review of minimum wages across OECS member states. The XCD is pegged to the USD at 2.7:1 — a fixed rate maintained since 1976 by the Eastern Caribbean Central Bank (ECCB). Tourism (eco-tourism, dive tourism) is the dominant industry; nutmeg and mace are key agricultural exports. Grenada also has an active citizenship-by-investment program. St. George's University (an offshore medical school) is a significant employer and contributor to the economy.
What is the average salary in Grenada?
The average gross monthly salary in Grenada is EC$3,200 (approximately $1,185.19 USD). Estimated average for formal sector workers. Tourism hospitality, government, and the university sector are primary formal employers. Construction has been active due to hotel and infrastructure development. Data quality is moderate for a small island economy. Source: Eastern Caribbean Central Bank (ECCB) / World Bank estimated (2023).
How many hours is the standard work week in Grenada?
The standard work week in Grenada is 40 hours, with a legal maximum of 48 hours. Overtime is paid at 1.5x the normal rate. Employment Act sets 40 hours/week standard. Overtime at 1.5x. Public holidays at 2x. English is the official language.
How has the minimum wage in Grenada changed over time?
The minimum wage in Grenada has changed as follows: EC$5 in 2020, EC$6.50 in 2022, EC$6.50 in 2024. This represents 3 recorded adjustments.
What is the minimum wage in Grenada in USD?
The minimum wage in Grenada converts to approximately $2.41/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 Grenada in USD?
The average gross monthly salary in Grenada is approximately $1,185.19 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Grenada's minimum wage compare to the North America average?
Grenada's minimum wage ranks #22 out of 32 countries with statutory minimum wages in North America, placing it below the median for North America.
From Insights
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