Salary Calculator Cyprus
Calculate your take-home salary in Cyprus
Calculate Your Salary
Your Salary Breakdown
| Component | Annual Amount | Monthly Amount |
|---|---|---|
| Gross Salary | €0 | €0 |
| Total Deductions | €0 | €0 |
| Net Take-Home Pay | €0 | €0 |
About Your Deductions
- Social Insurance Contribution is calculated based on current 2024 rates
- Income Tax is calculated based on current 2024 rates
2024 Salary After Tax Breakdown in Cyprus
Detailed Breakdown of Taxes and Contributions
Cyprus Tax Breakdown 2024
With a gross annual income of €0, our Salary After Tax Calculator for Cyprus estimates your net monthly income to be around €0.
Here is an itemized breakdown of the deductions applied to employment income in Cyprus, as precisely computed by our salary after tax calculator:
| Item | Yearly Amount | Monthly Amount |
|---|---|---|
| Gross Income | €0 | €0 |
| Social Insurance Contribution | €0 | €0 |
| Income Tax | €0 | €0 |
| Net Income (Take-Home Pay) | €0 | €0 |
Understanding Your Tax Breakdown
- Your gross annual salary of €0 is subject to 2 main deductions in Cyprus.
- The largest deduction is Social Insurance Contribution, at €0 per year.
- Your final take-home pay is €0 per month, or €0 annually.
What is the Minimum Salary in Cyprus?
According to Cyprus's Ministry of Labour, Welfare and Social Insurance
In Cyprus, the national minimum wage is set at approximately EUR 870 per month for employees aged 21 and over. This equates to an annual income of approximately EUR 10,440.
After accounting for taxes and social security contributions, an individual on the Cypriot minimum wage would net approximately EUR 700 each month. Cyprus's minimum wage aims to provide a basic standard of living and is adjusted annually in line with inflation.
Average Salaries in Cyprus (2024)
The most recent statistics show that the average yearly salary in Cyprus is around €21,000. This amount varies greatly depending on the job role, experience level, and the specific sector of employment. The median monthly gross salary in Cyprus is estimated to be €1,750, which can differ based on the geographical location.
Annual Average
€21,000
Monthly Average
€1,750
In Cyprus, sectors such as finance, information technology, and tourism are known for offering competitive salaries. Below is a comprehensive breakdown of median salaries by region within Cyprus. We also offer insights into the net salaries after tax, providing a clearer picture of what you might take home.
Salary Ranges by Experience Level
Entry Level
€14,700 - €18,900
Mid Level
€18,900 - €27,300
Senior Level
€27,300+
Regional Salary Variations in Cyprus
| Region | Monthly Gross Salary | Monthly Net Salary |
|---|---|---|
| Nicosia | €2,300 | €1,820 |
| Limassol | €2,200 | €1,750 |
| Larnaca | €2,100 | €1,670 |
| Paphos | €2,000 | €1,590 |
| Famagusta | €1,900 | €1,510 |
Key Salary Insights
- Highest paying region: Nicosia with average gross salary of €2,300
- Lowest paying region: Famagusta with average gross salary of €1,900
- Average take-home pay ratio: 79% of gross salary
- Salary range variation: Up to 21% difference between regions
Important Disclaimer
The information provided by this salary calculator is for general informational purposes only. While we strive to keep the information up to date and accurate, tax regulations and rates can change frequently.
This calculator provides estimates only and should not be considered as financial advice. For accurate calculations and advice tailored to your specific situation, please consult a qualified tax advisor, accountant, or other professional financial expert in Cyprus.
Tax calculations can be complex and may be affected by various factors not accounted for in this basic calculator. Always verify tax obligations with official sources or professional advisors before making any financial decisions.