Salaries in Cyprus: Who earns more — Cypriots or foreigners

The average salary in Cyprus continues to rise. According to the Statistical Service of the Republic of Cyprus (CYSTAT), in 2024 the average gross monthly income was €2,487, which is 5.3% higher than in 2023 (€2,363). The median salary — the level above and below which 50% of workers earn — reached €1,887.

However, statistics show a noticeable difference between Cypriot citizens and foreign workers. In 2023, the average income of Cypriots was €2,377, while that of foreigners was €2,334. The median salary among Cypriots was €1,938, while among foreigners it was €1,463, indicating a significant predominance of low-paid positions among migrants.

According to an analysis of income structure, about 32% of Cypriots earn less than €1,500 per month, while among foreigners this figure reaches 50%. In the €1,500–3,000 range are 42% of Cypriots and only 31% of foreigners. Incomes above €6,000 are earned by 5% of Cypriots and 7% of foreigners, mainly in highly skilled positions in IT, finance, and management.

The gap is also noticeable by sector. In agriculture, Cypriots earn on average €1,591, while foreigners earn only €639. In construction — €1,875 versus €1,236. Conversely, in the financial sector, the average salary of foreigners reaches €6,255, while Cypriots earn €3,758.

Experts note that key factors for the difference remain the level of qualification, knowledge of Greek and English, and holding Cypriot citizenship or permanent residency. Many foreigners continue to work in low-paid and seasonal sectors — tourism, hospitality, and services — where incomes rarely exceed €1,200–1,500 per month.

Nevertheless, according to CYSTAT, the gap between citizens and foreigners is gradually narrowing: average salaries are rising, and the labor market is becoming more open to qualified specialists from abroad.

Conclusion: The Cypriot economy demonstrates steady income growth, but the issue of inequality between citizens and foreigners remains relevant. Highly qualified professionals, regardless of origin, now have real opportunities for decent earnings on the island.