Average Barber Salary in Cayman Islands for 2024

In this article, we will look at the average Barber salary for 2024 in Cayman Islands 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 Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does a Barber Make in Cayman Islands?

A Barber working in Cayman Islands will typically earn around 16,300 KYD per year, and this can range from the lowest average salary of about 9,730 KYD to the highest average salary of 24,800 KYD.

Average Annual Salary
16,300 KYD
Average Monthly Salary
1,358 KYD

Lowest Annual Salary
9,730 KYD
Lowest Monthly Salary
810 KYD

Highest Annual Salary
24,800 KYD
Highest Monthly Salary
2,066 KYD

These are average salaries for a Barber in Cayman Islands and include benefits such as housing and transport. It's also possible for a Barber to earn more or less than the average salaries shown above.

Barber 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 Barber Salaries in Cayman Islands

So we've looked at the average salaries a Barber will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Barber can earn between 9,730 KYD and 24,800 KYD on average in Cayman Islands. 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 a Barber in Cayman Islands is 17,100 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,100 KYD, and 50% of the population earn more than 17,100 KYD.

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 Barber salary in Cayman Islands, 25% of the population are earning less than 9,900 KYD while 75% of the population earn more than 9,900 KYD.

75% of the population earn less than 20,400 KYD, and 25% of the population earn more than 20,400 KYD.

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.

Barber Salary by Experience Level in Cayman Islands

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 barber 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. A Barber in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 10,320 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Barber salary would increase to 12,500 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Barber, the average salary would be 18,300 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 18,600 KYD.
  • 15 - 20 Years Experience. A Barber with 15 to 20 years of experience can earn an average of 20,100 KYD.
  • 20+ Years Experience. For a Barber with more than 20 years, the expected average salary increases to 23,400 KYD.

Average Salary by Experience Chart

0-2 Years
10,320 KYD
2-5 Years +31%
12,500 KYD
5-10 Years +40%
18,300 KYD
10-15 Years +20%
18,600 KYD
15-20 Years +9%
20,100 KYD
20+ Years +8%
23,400 KYD

Barber Salary by Education Level in Cayman Islands

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 a Barber in Cayman Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Barber in Cayman Islands with a high school education can earn an average salary of 12,300 KYD.

  • Certificate or Diploma. A Barber in Cayman Islands with a certificate or diploma education can earn an average salary of 19,200 KYD.

Average Salary by Education Chart

High School
12,300 KYD
Certificate or Diploma +76%
19,200 KYD

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 Cayman Islands is around 16,200 to 48,600 KYD 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.

Barber 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 Cayman Islands, a male barber will earn an average of 12,900 KYD, while a female barber will earn around 18,800 KYD.

This means that a male barber earns approximately 31% less than a female barber for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
12,900 KYD
Female +31%
18,800 KYD

Barber Average Pay Raise in Cayman Islands

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 a Barber in Cayman Islands is around 6% every 28 months.

The national average pay raise across all professions and industries in Cayman Islands is around 5% every 28 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that a Barber in Cayman Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Barber Bonus and Incentive Rates in Cayman Islands

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.

A Barber is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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 1% to 3%.

Received Bonus
10%
No Bonus
90%

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 Cayman Islands earn approximately 17% more than private sector employees in the same role.

Public Sector
43,500 KYD
Private Sector -17%
37,200 KYD

Salaries for Jobs Similar to a Barber

In the table below, we have salary information for jobs that are similar to a Barber in Cayman Islands.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 15,400 KYD
Bench Jeweler Fashion and Apparel 13,900 KYD
Clothing and Textile Technologist Fashion and Apparel 32,200 KYD
Cosmetology Educator Fashion and Apparel 37,800 KYD
Diamond Setter Fashion and Apparel 19,400 KYD
Diamond Worker Fashion and Apparel 23,000 KYD
Fabric Manager Fashion and Apparel 38,000 KYD
Fashion Design Manager Fashion and Apparel 63,100 KYD
Fashion Designer Fashion and Apparel 52,000 KYD
Fashion Merchandiser Fashion and Apparel 24,200 KYD
Fashion Model Fashion and Apparel 32,600 KYD
Freelance Fashion Stylist Fashion and Apparel 58,500 KYD
Garment Technologist Fashion and Apparel 32,200 KYD
Hairstylist Fashion and Apparel 15,700 KYD
Jeweler Fashion and Apparel 29,100 KYD
Jewelry Mold Maker Fashion and Apparel 21,100 KYD
Jewelry Polisher Fashion and Apparel 11,800 KYD
Jewelry Sales Fashion and Apparel 25,700 KYD
Plating Manager Fashion and Apparel 40,500 KYD
Product Development Manager Fashion and Apparel 72,400 KYD
Sewing Machine Operator Fashion and Apparel 11,900 KYD
Shoe Sales Fashion and Apparel 17,900 KYD
Supply Chain Manager Fashion and Apparel 62,300 KYD
Tailor / Fitter Fashion and Apparel 16,800 KYD
Trend Forecaster Fashion and Apparel 35,200 KYD
Visual Merchandising Coordinator Fashion and Apparel 27,300 KYD
Visual Merchandising Projects Manager Fashion and Apparel 56,100 KYD

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