Average Building Administrator Salary in Faroe Islands for 2024

In this article, we will look at the average Building Administrator salary for 2024 in Faroe 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 Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.

How Much Does a Building Administrator Make in Faroe Islands?

A Building Administrator working in Faroe Islands will typically earn around 127,700 DKK per year, and this can range from the lowest average salary of about 66,480 DKK to the highest average salary of 191,600 DKK.

Average Annual Salary
127,700 DKK
Average Monthly Salary
10,641 DKK

Lowest Annual Salary
66,480 DKK
Lowest Monthly Salary
5,540 DKK

Highest Annual Salary
191,600 DKK
Highest Monthly Salary
15,966 DKK

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

Building Administrator 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 Building Administrator Salaries in Faroe Islands

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

Salary ranges

We already know that a Building Administrator can earn between 66,480 DKK and 191,600 DKK on average in Faroe 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 Building Administrator in Faroe Islands is 119,900 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 119,900 DKK, and 50% of the population earn more than 119,900 DKK.

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 Building Administrator salary in Faroe Islands, 25% of the population are earning less than 83,060 DKK while 75% of the population earn more than 83,060 DKK.

75% of the population earn less than 152,100 DKK, and 25% of the population earn more than 152,100 DKK.

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.

Building Administrator Salary by Experience Level in Faroe 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 building administrator 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 Building Administrator in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 75,260 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Building Administrator salary would increase to 101,920 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Building Administrator, the average salary would be 128,900 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 159,100 DKK.
  • 15 - 20 Years Experience. A Building Administrator with 15 to 20 years of experience can earn an average of 172,400 DKK.
  • 20+ Years Experience. For a Building Administrator with more than 20 years, the expected average salary increases to 181,600 DKK.

Average Salary by Experience Chart

0-2 Years
75,260 DKK
2-5 Years +34%
101,920 DKK
5-10 Years +30%
128,900 DKK
10-15 Years +21%
159,100 DKK
15-20 Years +9%
172,400 DKK
20+ Years +5%
181,600 DKK

Building Administrator Salary by Education Level in Faroe 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 Building Administrator in Faroe 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 Building Administrator in Faroe Islands with a high school education can earn an average salary of 88,600 DKK.

  • Certificate or Diploma. A Building Administrator in Faroe Islands with a certificate or diploma education can earn an average salary of 125,700 DKK.

  • Bachelor's Degree. A Building Administrator in Faroe Islands with a bachelor's degree education can earn an average salary of 174,000 DKK.

Average Salary by Education Chart

High School
88,600 DKK
Certificate or Diploma +43%
125,700 DKK
Bachelor's Degree +38%
174,000 DKK

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 Faroe Islands is around 134,000 to 401,000 DKK 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.

Building Administrator 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 Faroe Islands, a male building administrator will earn an average of 136,100 DKK, while a female building administrator will earn around 119,900 DKK.

This means that a male building administrator earns approximately 14% more than a female building administrator for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
136,100 DKK
Female -14%
119,900 DKK

Building Administrator Average Pay Raise in Faroe 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 Building Administrator in Faroe Islands is around 4% every 30 months.

The national average pay raise across all professions and industries in Faroe Islands is around 4% every 29 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 = ( 4 ÷ 30 ) × 12  = 2%

What this means is that a Building Administrator in Faroe Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Faroe Islands for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Building Administrator Bonus and Incentive Rates in Faroe 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 Building Administrator is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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
9%
No Bonus
91%

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 Faroe Islands earn approximately 19% more than private sector employees in the same role.

Public Sector
352,000 DKK
Private Sector -19%
297,000 DKK

Salaries for Jobs Similar to a Building Administrator

In the table below, we have salary information for jobs that are similar to a Building Administrator in Faroe Islands.

Job Title Category Salary
Adjudicator Construction / Building / Installation 119,900 DKK
Assembler Construction / Building / Installation 97,300 DKK
Boat Builder and Shipwright Construction / Building / Installation 138,800 DKK
Bricklayer Construction / Building / Installation 84,560 DKK
Building Contracts Manager Construction / Building / Installation 464,900 DKK
Building Inspector Construction / Building / Installation 124,400 DKK
Building Monitor Construction / Building / Installation 95,980 DKK
Building Sales Manager Construction / Building / Installation 419,400 DKK
Cabinetmaker Construction / Building / Installation 102,240 DKK
Carpenter Construction / Building / Installation 119,900 DKK
Civil Engineer Construction / Building / Installation 292,000 DKK
Civil Technician Construction / Building / Installation 148,300 DKK
Concreter Construction / Building / Installation 88,480 DKK
Construction and Building Inspector Construction / Building / Installation 129,000 DKK
Construction and Maintenance Manager Construction / Building / Installation 228,000 DKK
Construction Assistant Construction / Building / Installation 123,400 DKK
Construction Coordinator Construction / Building / Installation 172,200 DKK
Construction Estimator Construction / Building / Installation 187,500 DKK
Construction Field Engineer Construction / Building / Installation 254,700 DKK
Construction General Manager Construction / Building / Installation 547,800 DKK
Construction Inventory Officer Construction / Building / Installation 104,040 DKK
Construction Manager Construction / Building / Installation 518,300 DKK
Construction Operations Manager Construction / Building / Installation 483,800 DKK
Construction Project Controls Manager Construction / Building / Installation 394,500 DKK
Construction Project Coordinator Construction / Building / Installation 301,700 DKK
Construction Project Engineer Construction / Building / Installation 294,300 DKK
Construction Project Manager Construction / Building / Installation 498,000 DKK
Construction Project Manager Construction / Building / Installation 533,100 DKK
Construction Project Planner Construction / Building / Installation 282,500 DKK
Construction Quality Control Manager Construction / Building / Installation 369,900 DKK
Construction Safety Officer Construction / Building / Installation 194,600 DKK
Construction Superintendent Construction / Building / Installation 192,000 DKK
Construction Supervisor Construction / Building / Installation 283,400 DKK
Construction Technical Assistant Construction / Building / Installation 114,820 DKK
Construction Technical Officer Construction / Building / Installation 119,900 DKK
Construction Technical Writer Construction / Building / Installation 115,740 DKK
Construction Technician Construction / Building / Installation 108,120 DKK
Construction Worker Construction / Building / Installation 89,340 DKK
Crane and Tower Operator Construction / Building / Installation 99,460 DKK
Crane Operator Construction / Building / Installation 97,300 DKK
Diesel Mechanic Construction / Building / Installation 98,960 DKK
Draughtsman Construction / Building / Installation 92,900 DKK
Drywall Installer Construction / Building / Installation 112,420 DKK
Electrical Draftsman Construction / Building / Installation 98,120 DKK
Electrical Engineering Supervisor Construction / Building / Installation 317,700 DKK
Electrical Engineering Technician Construction / Building / Installation 129,000 DKK
Electrical Supervisor Construction / Building / Installation 207,800 DKK
Electrician Construction / Building / Installation 159,400 DKK
Elevator Installer and Repairer Construction / Building / Installation 124,400 DKK
Engineer Construction / Building / Installation 301,800 DKK
Excavator Operator Construction / Building / Installation 98,540 DKK
Field Inspector Construction / Building / Installation 176,800 DKK
Floor Finisher Construction / Building / Installation 106,960 DKK
Floor Manager Construction / Building / Installation 163,800 DKK
Foreman Construction / Building / Installation 85,760 DKK
Frame and Truss Detailer Construction / Building / Installation 96,500 DKK
Furniture Finisher Construction / Building / Installation 97,300 DKK
Gas Technician Construction / Building / Installation 96,180 DKK
Handyman Construction / Building / Installation 92,720 DKK
Health and Safety Coordinator Construction / Building / Installation 125,700 DKK
Health and Safety Officer Construction / Building / Installation 138,200 DKK
Installation Manager Construction / Building / Installation 332,500 DKK
Installer Construction / Building / Installation 91,520 DKK
Insulation Installer Construction / Building / Installation 97,060 DKK
Labourer Construction / Building / Installation 82,920 DKK
Land Surveyor Construction / Building / Installation 137,400 DKK
Lift Technician Construction / Building / Installation 96,500 DKK
Maintenance Foreman Construction / Building / Installation 92,900 DKK
Material Tester Construction / Building / Installation 152,300 DKK
Model Maker Construction / Building / Installation 138,800 DKK
Order Picker Construction / Building / Installation 88,600 DKK
Painter Construction / Building / Installation 96,520 DKK
Pipe Layer Construction / Building / Installation 80,840 DKK
Pipe Welder Construction / Building / Installation 80,340 DKK
Pipefitter Construction / Building / Installation 77,340 DKK
Plumber Construction / Building / Installation 109,720 DKK
Property Coordinator Construction / Building / Installation 254,700 DKK
Purchasing Manager Construction / Building / Installation 363,000 DKK
Quantity Estimator Construction / Building / Installation 191,600 DKK
Quantity Surveyor Construction / Building / Installation 190,500 DKK
Roof Slater and Tiler Construction / Building / Installation 88,260 DKK
Sheet Metal Mechanic Construction / Building / Installation 95,620 DKK
Sheet Metal Worker Construction / Building / Installation 81,960 DKK
Site Clerk Construction / Building / Installation 96,600 DKK
Site engineer Construction / Building / Installation 263,900 DKK
Site Leader Construction / Building / Installation 491,000 DKK
Stock Controller Construction / Building / Installation 148,300 DKK
Structural Steel Construction Worker Construction / Building / Installation 106,360 DKK
Technical Draughtsman Construction / Building / Installation 119,860 DKK
Tender Manager Construction / Building / Installation 447,300 DKK
Tendering Manager Construction / Building / Installation 411,400 DKK
Tower Crane Operator Construction / Building / Installation 96,720 DKK
Wall and Floor Tiler Construction / Building / Installation 89,460 DKK
Warehouse Manager Construction / Building / Installation 340,400 DKK
Welder Construction / Building / Installation 86,460 DKK
Welding Superintendent Construction / Building / Installation 117,440 DKK

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