Average Adjustment Insurance Clerk Salary in Costa Rica for 2024

In this article, we will look at the average Adjustment Insurance Clerk salary for 2024 in Costa Rica and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Costa Rican colón. To keep things simple, we are using the CRC currency code instead of the currency symbol ₡.

How Much Does an Adjustment Insurance Clerk Make in Costa Rica?

An Adjustment Insurance Clerk working in Costa Rica will typically earn around 10,199,600 CRC per year, and this can range from the lowest average salary of about 4,895,800 CRC to the highest average salary of 15,960,700 CRC.

Average Annual Salary
10,199,600 CRC
Average Monthly Salary
849,966 CRC

Lowest Annual Salary
4,895,800 CRC
Lowest Monthly Salary
407,983 CRC

Highest Annual Salary
15,960,700 CRC
Highest Monthly Salary
1,330,058 CRC

These are average salaries for an Adjustment Insurance Clerk in Costa Rica and include benefits such as housing and transport. It's also possible for an Adjustment Insurance Clerk to earn more or less than the average salaries shown above.

Adjustment Insurance Clerk salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Adjustment Insurance Clerk Salaries in Costa Rica

So we've looked at the average salaries an Adjustment Insurance Clerk will earn in Costa Rica. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Adjustment Insurance Clerk can earn between 4,895,800 CRC and 15,960,700 CRC on average in Costa Rica. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Adjustment Insurance Clerk in Costa Rica is 10,608,800 CRC. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 10,608,800 CRC, and 50% of the population earn more than 10,608,800 CRC.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Adjustment Insurance Clerk salary in Costa Rica, 25% of the population are earning less than 6,984,300 CRC while 75% of the population earn more than 6,984,300 CRC.

75% of the population earn less than 13,798,900 CRC, and 25% of the population earn more than 13,798,900 CRC.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Adjustment Insurance Clerk Salary by Experience Level in Costa Rica

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average adjustment insurance clerk salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Adjustment Insurance Clerk in Costa Rica that has less than two years of experience can expect to earn somewhere in the region of 5,735,900 CRC.
  • 2 - 5 Years Experience. With two to five years of experience the average Adjustment Insurance Clerk salary would increase to 8,123,400 CRC.
  • 5 - 10 Years Experience. From five to ten years of experience as an Adjustment Insurance Clerk, the average salary would be 10,680,800 CRC.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 13,079,500 CRC.
  • 15 - 20 Years Experience. An Adjustment Insurance Clerk with 15 to 20 years of experience can earn an average of 13,919,600 CRC.
  • 20+ Years Experience. For an Adjustment Insurance Clerk with more than 20 years, the expected average salary increases to 15,238,200 CRC.

Average Salary by Experience Chart

0-2 Years
5,735,900 CRC
2-5 Years +42%
8,123,400 CRC
5-10 Years +31%
10,680,800 CRC
10-15 Years +23%
13,079,500 CRC
15-20 Years +6%
13,919,600 CRC
20+ Years +10%
15,238,200 CRC

Adjustment Insurance Clerk Salary by Education Level in Costa Rica

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Adjustment Insurance Clerk in Costa Rica based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Adjustment Insurance Clerk in Costa Rica with a certificate or diploma education can earn an average salary of 7,680,400 CRC.

  • Bachelor's Degree. An Adjustment Insurance Clerk in Costa Rica with a bachelor's degree education can earn an average salary of 14,519,400 CRC.

Average Salary by Education Chart

Certificate or Diploma
7,680,400 CRC
Bachelor's Degree +90%
14,519,400 CRC

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Costa Rica is around 11,800,000 to 35,400,000 CRC and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Adjustment Insurance Clerk Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Costa Rica, a male adjustment insurance clerk will earn an average of 10,546,700 CRC, while a female adjustment insurance clerk will earn around 9,971,500 CRC.

This means that a male adjustment insurance clerk earns approximately 6% more than a female adjustment insurance clerk for performing the same job.

Average Salary by Gender Chart in Costa Rica

Male
10,546,700 CRC
Female -6%
9,971,500 CRC

Adjustment Insurance Clerk Average Pay Raise in Costa Rica

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Adjustment Insurance Clerk in Costa Rica is around 11% every 16 months.

The national average pay raise across all professions and industries in Costa Rica is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 16 ) × 12  = 8%

What this means is that an Adjustment Insurance Clerk in Costa Rica can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Costa Rica for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Costa Rica.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Adjustment Insurance Clerk Bonus and Incentive Rates in Costa Rica

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Adjustment Insurance Clerk is a low bonus based job, with 29% of employees reporting at least one bonus in the last 12 months.

71% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
29%
No Bonus
71%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Costa Rica earn approximately 6% more than private sector employees in the same role.

Public Sector
29,399,100 CRC
Private Sector -6%
27,721,300 CRC

Salaries for Jobs Similar to an Adjustment Insurance Clerk

In the table below, we have salary information for jobs that are similar to an Adjustment Insurance Clerk in Costa Rica.

Job Title Category Salary
Actuarial Analyst Insurance 38,760,100 CRC
Actuarial Assistant Insurance 25,919,400 CRC
Actuarial Specialist Insurance 27,721,300 CRC
Actuary Insurance 38,281,500 CRC
Assistant Broker Insurance 17,758,500 CRC
Assistant Claims Manager Insurance 30,001,600 CRC
Associate Insurance Representative Insurance 14,158,800 CRC
Auditing Insurance Manager Insurance 42,959,900 CRC
Broker Insurance 27,601,100 CRC
Claim Advocacy Professional Insurance 27,841,200 CRC
Claims Adjuster Insurance 10,248,600 CRC
Claims Analyst Insurance 15,118,700 CRC
Claims Examiner Insurance 14,400,800 CRC
Claims Manager Insurance 41,158,900 CRC
Claims Processor Insurance 10,333,800 CRC
Claims Representative Insurance 12,481,200 CRC
Claims Resolution Specialist Insurance 31,559,900 CRC
Claims Supervisor Insurance 29,041,200 CRC
Complaints Specialist Insurance 26,280,300 CRC
Compliance Examiner Insurance 25,440,400 CRC
Compliance Officer Insurance 23,399,000 CRC
Compliance Reviewer Insurance 26,399,200 CRC
Consultant Insurance 26,759,500 CRC
Eligibility Interviewer Insurance 29,519,900 CRC
Eligibility Specialist Insurance 27,960,400 CRC
Insurance Account Manager Insurance 34,919,600 CRC
Insurance Accounts Executive Insurance 29,761,800 CRC
Insurance Adjuster Insurance 25,200,800 CRC
Insurance Agent Insurance 17,039,100 CRC
Insurance Analyst Insurance 28,801,400 CRC
Insurance Appraiser Insurance 28,318,900 CRC
Insurance Claims Clerk Insurance 9,995,000 CRC
Insurance Examiner Insurance 26,040,800 CRC
Insurance Investigator Insurance 25,440,400 CRC
Insurance Manager Insurance 47,999,400 CRC
Insurance Operations Manager Insurance 48,480,700 CRC
Insurance Policy Processing Clerk Insurance 10,584,800 CRC
Insurance Pricing Assistant Insurance 23,280,700 CRC
Insurance Program Manager Insurance 36,480,500 CRC
Insurance Project Manager Insurance 34,078,800 CRC
Insurance Quality Assurance Agent Insurance 25,079,200 CRC
Insurance Sales Agent Insurance 16,079,800 CRC
Insurance Sales Director Insurance 45,119,800 CRC
Insurance Sales Manager Insurance 35,279,300 CRC
Insurance Sales Representative Insurance 14,880,300 CRC
Insurance Team Leader Insurance 30,600,900 CRC
Insurance Underwriter Insurance 20,639,100 CRC
Loss Control Specialist Insurance 28,560,900 CRC
Loss Prevention Investigator Insurance 29,399,100 CRC
Loss Prevention Manager Insurance 39,119,300 CRC
Loss Prevention Specialist Insurance 30,240,200 CRC
Marine Underwriter Insurance 21,719,900 CRC
Medical Auditor Insurance 28,318,900 CRC
Monitoring and Performance Officer Insurance 18,958,500 CRC
Payment Services Specialist Insurance 28,318,900 CRC
Policy Change Director Insurance 43,680,700 CRC
Policy Change Supervisor Insurance 31,800,300 CRC
Policy Change Technician Insurance 13,561,900 CRC
Risk Analyst Insurance 31,440,200 CRC
Risk Management Director Insurance 51,959,300 CRC
Risk Management Supervisor Insurance 35,398,900 CRC
Risk Manager Insurance 50,158,700 CRC
Risk Modeling Manager Insurance 52,918,800 CRC
Title Insurance Typist Insurance 23,040,200 CRC
Training Manager Insurance 30,841,400 CRC

Salary Comparison by City

If you want to compare salaries with different cities in Costa Rica, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
San Jose 11,459,800 CRC

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