Key Facts: Serbia Wages
- Country
- Serbia (SRB)
- Continent
- Europe
- Currency
- Serbian Dinar (RSD)
- Minimum Wage
- RSD271 /hr ($2.52 USD)
- Average Gross Monthly Salary
- RSD110,000 /month
- Average Gross Annual Salary
- RSD1,320,000 /year
- Median Individual Income
- RSD600,000 /year
- Standard Work Week
- 40 hours
- Data Source
- Ministry of Labour, Employment, Veteran and Social Affairs
- Last Updated
- 2026-02-24
Serbia — Average Salary & Wages
Serbian Dinar (RSD) Data verified Jan 2026 Sources
The average salary in Serbia is
RSD1,320,000 a year
But half of all workers earn less than RSD600,000 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Serbia is RSD271/hr ($2.52 USD) as of 2026. The average gross monthly salary is RSD110,000 ($1,023.26 USD). The median monthly income is RSD50,000 ($465.12 USD).
Based on SILC data. Serbia participates in Eurostat SILC as an EU candidate country. Median is lower than mean due to high earners in Belgrade IT and financial sectors. Regional disparities are significant, with southern Serbia substantially below the national median.
Average monthly earnings for employees in legal entities. Belgrade salaries are roughly 20-30% above the national average. IT sector pays significantly more. Net figure after income tax (10%) and employee social contributions (~19.9%). Employer also pays ~16.15% on top of gross.
Minimum Wage Trend
Since 2019, the minimum wage has grown +74% in nominal terms.
• PPP ADJUSTED
In Serbia, the minimum wage has the purchasing power of $6.01/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 Serbia earns RSD47,000/mo. That is 43% of the average gross salary.
- Monthly (full-time)
- RSD47,000 at min. wage
- Share of avg. salary
- 43% gross, before tax
- USD equivalent
- $437.21/mo monthly
- Nominal growth
- +74% since 2019
Wage Breakdown
- Hourly
- RSD271
- Daily
- RSD2,168Hourly rate multiplied by 8 hours
- Monthly
- RSD47,000
- Annual
- RSD564,00012 monthly payments
Minimum wage (minimalna zarada) is set as a NET hourly rate by the Social-Economic Council and confirmed by government decision. The monthly figure of RSD 47,000 is a NET monthly value derived from the net hourly rate (RSD 271 × ~174 hours). The gross equivalent is approximately RSD 53,900-54,000 after adding employee income tax (10%) and social contributions (~19.9%). Serbia does not mandate a 13th month salary. The 2025 and 2026 minimum wage updates have not been verified for this dataset; the figure shown reflects the 2024 net rate.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 40 hrs/wk
- Overtime
- 1.26x pay
Labour Law sets full-time working hours at 40/week. Overtime: minimum 26% surcharge. Night work (22:00-06:00): minimum 26% surcharge. Holiday work: minimum 110% surcharge. Maximum overtime is 8 hours/week. Reduced working hours (36 or fewer) for hazardous occupations.
How Serbia Compares
| Metric | Serbia | Europe Avg. | Europe Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $2.52/hr | $8.44/hr | $17.99/hr (Jersey) |
| Avg. salary (USD equiv.) | $1,023.26/mo | $3,218.62/mo | $9,615.38/mo (Switzerland) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Belize | $2.50 |
| Maldives | $2.49 |
| Vanuatu | $2.48 |
| Saint Vincent and the Grenadines | $2.59 |
| Grenada | $2.41 |
| Serbia | $2.52 |
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Wages tell half the story. See purchasing power, prices, and quality-of-life context for Serbia on our sister site.
Cost of living in Serbia on costofliving.is →Frequently Asked Questions
What is the minimum wage in Serbia?
The minimum wage in Serbia is RSD271/hr (approximately $2.52 USD), effective since 2024-01-01. Minimum wage (minimalna zarada) is set as a NET hourly rate by the Social-Economic Council and confirmed by government decision. The monthly figure of RSD 47,000 is a NET monthly value derived from the net hourly rate (RSD 271 × ~174 hours). The gross equivalent is approximately RSD 53,900-54,000 after adding employee income tax (10%) and social contributions (~19.9%). Serbia does not mandate a 13th month salary. The 2025 and 2026 minimum wage updates have not been verified for this dataset; the figure shown reflects the 2024 net rate.
What is the average salary in Serbia?
The average gross monthly salary in Serbia is RSD110,000 (approximately $1,023.26 USD). Average monthly earnings for employees in legal entities. Belgrade salaries are roughly 20-30% above the national average. IT sector pays significantly more. Net figure after income tax (10%) and employee social contributions (~19.9%). Employer also pays ~16.15% on top of gross. Source: Statistical Office of the Republic of Serbia (RZS) (2024).
How many hours is the standard work week in Serbia?
The standard work week in Serbia is 40 hours, with a legal maximum of 40 hours. Overtime is paid at 1.26x the normal rate. Labour Law sets full-time working hours at 40/week. Overtime: minimum 26% surcharge. Night work (22:00-06:00): minimum 26% surcharge. Holiday work: minimum 110% surcharge. Maximum overtime is 8 hours/week. Reduced working hours (36 or fewer) for hazardous occupations.
How has the minimum wage in Serbia changed over time?
The minimum wage in Serbia has changed as follows: RSD27,000 in 2019, RSD30,000 in 2020, RSD31,000 in 2021, RSD35,000 in 2022, RSD42,000 in 2023, RSD47,000 in 2024. This represents 6 recorded adjustments.
What is the minimum wage in Serbia in USD?
The minimum wage in Serbia converts to approximately $2.52/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 Serbia in USD?
The average gross monthly salary in Serbia is approximately $1,023.26 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Serbia's minimum wage compare to the Europe average?
Serbia's minimum wage ranks #35 out of 40 countries with statutory minimum wages in Europe, placing it below the median for Europe.
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