What is the average and minimum salary in Nicosia, Cyprus? Let’s analyse the wages and the economy of this beautiful island country
The average and minimum salary in Nicosia, Cyprus are insightful economic indicators in this island state. If you want to move to cyprus for business or employment, this post brings relevant information in regards to the local economy.
Cyprus is famous for having a relaxed tax system and amazing weather most of the time. The country is also one of the favorite summer destinations in Europe, and a great place to run online businesses.
Minimum Salary in Nicosia, Cyprus
The minimum salary in Nicosia, Cyprus varies depending on the activity. While many activities do not have an official minimum salary, others like nurses and shop assistants have a set minimum wage. For these categories, the minimum is € 870 per month as of 2022. The figures are valid for Nicosia and also the rest of the country.
Average Salary in Nicosia, Cyprus
The average salary in Nicosia and in all of Cyprus is quite high, except in Northern Cyprus (controlled by Turkey). The average wage in Nicosia, Cyprus is of around € 1350 euros per month net. Salaries in the countryside tend to be lower though.
Nicosia, Cyprus Economic Outlook
Cyprus had economic troubles in 2012 due to the Eurozone crisis. However, the country showed resilience and is fairly stable now.
Nicosia as the capital, attracts the highest amount of investment in the country. Cyprus has one of the lowest tax burdens in the whole of Europe, and this fact attract a number of companies to the country. Nicosia is also a transit point from investments from Russia, and other Eastern European countries to the EU.
Cyprus is also famous for its beautiful beaches and attracts many tourists. While Nicosia is not by the sea, it also receives a considerable amount of tourists, contributing to the local economy.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.