Key Facts: Turks and Caicos Islands vs Spain Wages
- Turks and Caicos Islands Minimum Wage
- $8/hr
- Spain Minimum Wage
- €7.96/hr ($9.27 USD)
- Spain Avg. Gross Monthly Salary
- €2,450 /mo ($2,853.15 USD)
- Data Sources
- TC Weekly News — Minimum Wage Increase (2026-05-04), Ministerio de Trabajo y Economía Social (2026-03-02)
Turks and Caicos Islands 
Spain
Updated 2026-05-04
Turks and Caicos Islands Minimum Wage
$8 /hr
Both high-income economies, Turks and Caicos Islands and Spain set comparable minimum wage floors in USD terms.
Detailed Comparison
| Metric | Turks and Caicos Islands | Spain |
|---|---|---|
| Minimum wage /hr | $8 | €7.96 $9.27 |
| Minimum wage /mo | $1,386.67 | €1,221 $1,421.92 |
| Minimum wage /yr | $16,640 | €17,094 $19,906.84 |
| Avg. gross salary /mo | N/A/mo | €2,450 /mo $2,853.15 |
| Avg. net salary /mo | N/A/mo | €1,900 /mo $2,212.65 |
| Median individual income /yr | N/A/yr | €22,000 /yr $25,620.12 |
Percentage differences are based on USD equivalent values. Positive means Turks and Caicos Islands is higher.
Work 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.
- Spain
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Workers' Statute, Article 34). Maximum 80 hours of overtime per year. Overtime compensation is set by collective agreement or individual contract, with a minimum of regular hourly rate or equivalent time off. EU Working Time Directive caps average weekly hours at 48.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Turks and Caicos Islands earns 16% less per hour in USD terms than one in Spain.
See this comparison from Spain's perspective: Spain vs Turks and Caicos Islands
Compare Turks and Caicos Islands with...
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Turks and Caicos Islands vs France € 12.02 /hr 
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Turks and Caicos Islands vs Israel ₪ 35.4 /hr Frequently Asked Questions
Is the minimum wage higher in Turks and Caicos Islands or Spain?
In Turks and Caicos Islands, the minimum wage is $8/hr. In Spain, it is €7.96/hr ($9.27 USD). Spain has the higher rate by 16% 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 Turks and Caicos Islands may retain a larger share of their earnings if prices there are lower.
How do work hours compare between Turks and Caicos Islands and Spain?
Both Turks and Caicos Islands and Spain 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.