Cyprus average monthly salary hits €2,363 — majority earn much less

The average gross monthly salary for employees in Cyprus reached €2,363 in 2023, reflecting a 7.3 per cent increase from 2022, according to the Cyprus Statistical Service.

This follows a 7.1 per cent increase in 2022, with the median monthly salary for 2023 standing at €1,792.

Significant wage differences emerged based on gender, nationality, and sector, with information and communication technology (ICT) and financial services showing the most substantial increases.

In particular...