A person working in Construction / Building / Installation in Novi Sad typically earns around 90,600 RSD. Salaries range from 36,900 RSD (lowest average) to 250,000 RSD (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 Construction / Building / Installation domain in Novi Sad 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.
Salaries in Construction / Building / Installation in Novi Sad range from 36,900 RSD (starting average salary) to 250,000 RSD (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 Construction / Building / Installation is 80,900 RSD, implying that half of the workforce in Novi Sad 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 Construction / Building / Installation in Novi Sad earn less than 63,600 RSD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 104,000 RSD, 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 Construction / Building / Installation in Novi Sad. The analysis revealed that roughly 65% of all reported salaries fell within the range of 52,900 RSD to 98,700 RSD. Approximately 20% of salaries were below the 52,900 RSD mark, while 10% ranged from 98,700 RSD to 120,000 RSD. Only 5% of individuals earned a gross salary of 120,000 RSD or higher.