Cyprus’ average monthly earnings rose by 7.3 per cent in 2023, however, there were stark differences across sectors, according to the Cyprus Statistical Service.

While agricultural workers earned an average of €924 per month, those in finance averaged €4,493, reflecting significant income disparities,

Among the top-earning professions, financial insurance roles led the way, with average monthly salaries of €4,493, reflecting an increase of 12 per cent over the year.

Following closely, the information and communication sector recorded average earnings of €3,899, up 14.5 per cent.

Other high-paying sectors included electricity, gas, steam, and air conditioning supply, where average salaries stood at €3,392, as well as mining and quarrying (€3,336).

Government-related jobs, such as those in civil service, education, and security forces, also reported strong earnings at €3,320, marking an 8.3 per cent increase.

In public administration and defence, compulsory insurance earnings increased annually by 6.5 per cent, reaching €3,152, according to Cystat.

Meanwhile, professional, scientific, and technical activities recorded average monthly salaries of €2,827, while workers in transport and storage earned €2,528.

Education professionals had average earnings of €2,191, slightly ahead of those in administrative and support services, who earned €2,176.

Additionally, salaries in arts, entertainment, and recreation were reported at €2,086, while real estate professionals earned €2,042 on average.

In the mid-tier salary range, manufacturing workers earned €1,777 per month, with construction salaries slightly lower at €1,752.

Wholesale and retail trade, including motor vehicle repairs, saw average earnings of €1,700. In the accommodation and food service sector, including hotels and restaurants, salaries averaged €1,496.

However, agriculture, forestry, and fishing remained the lowest-paid sector, with workers earning just €924 per month—a marginal increase of only 0.7 per cent over the year.

The data also shed light on significant gender disparities. Nearly half of women (46.4 per cent) earned less than €1,500 per month, compared to 38.2 per cent of men.

Furthermore, the figures revealed differences by nationality, with Cypriots earning an average of €2,377 per month in 2023, while non-Cypriots earned €2,334.

Both groups saw increases, with Cypriots’ earnings rising by 5.7 per cent and non-Cypriots by 10.9 per cent.