Key Facts: Mongolia Wages
- Country
- Mongolia (MNG)
- Continent
- Asia
- Currency
- Mongolian tugrik (MNT)
- Minimum Wage
- ₮4,714 /hr ($1.31 USD)
- Average Gross Monthly Salary
- ₮2,000,000 /month
- Average Gross Annual Salary
- ₮24,000,000 /year
- Median Individual Income
- ₮12,000,000 /year
- Standard Work Week
- 40 hours
- Data Source
- Ministry of Labour and Social Protection — Mongolia
- Last Updated
- 2026-02-25
Mongolia — Average Salary & Wages
Mongolian tugrik (MNT) Data verified Jan 2026 Sources
The average salary in Mongolia is
₮24,000,000 a year
But half of all workers earn less than ₮12,000,000 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Mongolia is ₮4,714/hr ($1.31 USD) as of 2026. The average gross monthly salary is ₮2,000,000 ($555.71 USD). The median monthly income is ₮1,000,000 ($277.85 USD).
Estimates. Significant income disparity between Ulaanbaatar (where ~50% of the population lives) and rural aimags (provinces). Approximately 27% of the population lives below the national poverty line. Traditional herding (~30% of population) generates income that is often not captured in formal wage statistics.
Average monthly salary across all formal sector employees. Net estimated after personal income tax (10% flat rate) and social insurance contributions (11.5% employee: pension 8.5%, health 2%, unemployment 0.5%, industrial accident 0.5%). There is a notable gender pay gap — men average approximately MNT 2,300,000 while women average MNT 1,700,000. Mining sector pays the highest wages.
Minimum Wage Trend
Since 2019, the minimum wage has grown +148% in nominal terms.
• PPP ADJUSTED
In Mongolia, the minimum wage has the purchasing power of $3.94/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 Mongolia earns ₮792,000/mo. That is 40% of the average gross salary.
- Monthly (full-time)
- ₮792,000 at min. wage
- Share of avg. salary
- 40% gross, before tax
- USD equivalent
- $220.06/mo monthly
- Nominal growth
- +148% since 2019
Wage Breakdown
- Hourly
- ₮4,714
- Monthly
- ₮792,000
- Annual
- ₮9,504,000Monthly rate × 12 months
The National Tripartite Committee on Labour and Social Partnership decided on October 7, 2024, to raise Mongolia's minimum wage by 20% to MNT 792,000/month (MNT 4,714/hour) effective April 1, 2025. This significant increase (above the 2023 CPI of 7.9%) aims to improve workers' purchasing power. The minimum wage is a single national rate applying to all sectors.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 56 hrs/wk
- Overtime
- 1.5x pay
Standard workweek is 40 hours (8 hours/day). The Labour Law sets a maximum of 56 hours/week including overtime. Maximum daily overtime is 4 hours. Overtime is paid at 1.5x the regular rate. Work on public holidays is compensated at 2x the regular rate. The government sector typically works 40 hours/week (Monday-Friday).
How Mongolia Compares
| Metric | Mongolia | Asia Avg. | Asia Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $1.31/hr | $2.61/hr | $11.89/hr (Israel) |
| Avg. salary (USD equiv.) | $555.71/mo | $1,185.31/mo | $4,472.55/mo (Singapore) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Papua New Guinea | $1.33 |
| Kuwait | $1.27 |
| Azerbaijan | $1.35 |
| Kiribati | $1.24 |
| Iraq | $1.40 |
| Mongolia | $1.31 |
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Bhutan Cost of Living
Wages tell half the story. See purchasing power, prices, and quality-of-life context for Mongolia on our sister site.
Cost of living in Mongolia on costofliving.is →Frequently Asked Questions
What is the minimum wage in Mongolia?
The minimum wage in Mongolia is ₮4,714/hr (approximately $1.31 USD), effective since 2025-04-01. The National Tripartite Committee on Labour and Social Partnership decided on October 7, 2024, to raise Mongolia's minimum wage by 20% to MNT 792,000/month (MNT 4,714/hour) effective April 1, 2025. This significant increase (above the 2023 CPI of 7.9%) aims to improve workers' purchasing power. The minimum wage is a single national rate applying to all sectors.
What is the average salary in Mongolia?
The average gross monthly salary in Mongolia is ₮2,000,000 (approximately $555.71 USD). Average monthly salary across all formal sector employees. Net estimated after personal income tax (10% flat rate) and social insurance contributions (11.5% employee: pension 8.5%, health 2%, unemployment 0.5%, industrial accident 0.5%). There is a notable gender pay gap — men average approximately MNT 2,300,000 while women average MNT 1,700,000. Mining sector pays the highest wages. Source: National Statistics Office of Mongolia (NSO) (2024).
How many hours is the standard work week in Mongolia?
The standard work week in Mongolia is 40 hours, with a legal maximum of 56 hours. Overtime is paid at 1.5x the normal rate. Standard workweek is 40 hours (8 hours/day). The Labour Law sets a maximum of 56 hours/week including overtime. Maximum daily overtime is 4 hours. Overtime is paid at 1.5x the regular rate. Work on public holidays is compensated at 2x the regular rate. The government sector typically works 40 hours/week (Monday-Friday).
How has the minimum wage in Mongolia changed over time?
The minimum wage in Mongolia has changed as follows: ₮320,000 in 2019, ₮420,000 in 2020, ₮550,000 in 2023, ₮660,000 in 2024, ₮792,000 in 2025. This represents 5 recorded adjustments.
What is the minimum wage in Mongolia in USD?
The minimum wage in Mongolia converts to approximately $1.31/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 Mongolia in USD?
The average gross monthly salary in Mongolia is approximately $555.71 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Mongolia's minimum wage compare to the Asia average?
Mongolia's minimum wage ranks #20 out of 34 countries with statutory minimum wages in Asia, placing it near the median for Asia.
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