Key Facts: Russia vs Cayman Islands Wages
- Russia Minimum Wage
- ₽156.31/hr ($1.61 USD)
- Cayman Islands Minimum Wage
- $8.75/hr ($10.50 USD)
- Russia Avg. Gross Monthly Salary
- ₽100,316 /mo ($1,034.19 USD)
- Data Sources
- Ministry of Labour and Social Protection (Минтруд России); Federal Law 548-FZ verified via ConsultantPlus (consultant.ru/law/hotdocs/91688.html) (2026-05-27), Cayman Islands Government — Department of Labour and Pensions (2026-05-04)
Russia
Cayman Islands
Updated 2026-05-27
Minimum Wage
$8.75 /hr
$10.50 USD
The minimum wage in Russia is roughly 7 times lower than in the Cayman Islands in USD terms, reflecting the gap between a upper-middle-income and a high-income economy.
Detailed Comparison
| Metric | Russia | Cayman Islands |
|---|---|---|
| Minimum wage /hr | ₽156.31 $1.61 | $8.75 $10.50 |
| Minimum wage /mo | ₽27,093 $279.31 | $1,516.67 $1,820.08 |
| Minimum wage /yr | ₽325,116 $3,351.71 | $18,200 $21,840.87 |
| Avg. gross salary /mo | ₽100,316 /mo $1,034.19 | N/A/mo |
| Avg. net salary /mo | ₽87,275 /mo $899.74 | N/A/mo |
| Median individual income /yr | ₽880,800 /yr $9,080.41 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Russia is higher.
Work Week
- Russia
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.5x pay
Labour Code sets 40 hrs/week standard. Reduced hours for certain categories: under-16 (24 hrs), 16-18 (35 hrs), hazardous work (36 hrs). First 2 hours of overtime: 1.5x; subsequent hours: 2.0x. Overtime limited to 4 hrs over 2 consecutive days, 120 hrs/year. Public holidays (14 per year) are paid non-working days.
- Cayman Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours under the Labour Act.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Russia earns 552% less per hour in USD terms than one in the Cayman Islands.
See this comparison from Cayman Islands's perspective: Cayman Islands vs Russia
Compare Russia with...
Frequently Asked Questions
Is the minimum wage higher in Russia or Cayman Islands?
In Russia, the minimum wage is ₽156.31/hr ($1.61 USD). In the Cayman Islands, it is $8.75/hr ($10.50 USD). Cayman Islands has the higher rate by 552% 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 Russia may retain a larger share of their earnings if prices there are lower.
How do work hours compare between Russia and Cayman Islands?
Both Russia and Cayman 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.