A person working in Automotive in Monaco typically earns around 3,250 EUR. Salaries range from 1,480 EUR (lowest average) to 7,620 EUR (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Automotive domain in Monaco exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
| Job Title | Average Salary |
Salaries in Automotive in Monaco range from 1,480 EUR (starting average salary) to 7,620 EUR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
The median income in the field of Automotive is 3,040 EUR, implying that half of the workforce in Monaco earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Automotive in Monaco earn less than 2,450 EUR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 3,760 EUR, while 25% earn more than that.
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Automotive in Monaco. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,010 EUR to 3,390 EUR. Approximately 20% of salaries were below the 2,010 EUR mark, while 10% ranged from 3,390 EUR to 4,010 EUR. Only 5% of individuals earned a gross salary of 4,010 EUR or higher.