Average Construction Laborer Salary in Monaco for 2024

In this article, we will look at the average Construction Laborer salary for 2024 in Monaco 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Construction Laborer Make in Monaco?

A Construction Laborer working in Monaco will typically earn around 16,880 EUR per year, and this can range from the lowest average salary of about 5,960 EUR to the highest average salary of 25,940 EUR.

Average Annual Salary
16,880 EUR
Average Monthly Salary
1,406 EUR

Lowest Annual Salary
5,960 EUR
Lowest Monthly Salary
496 EUR

Highest Annual Salary
25,940 EUR
Highest Monthly Salary
2,161 EUR

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

Construction Laborer 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 Construction Laborer Salaries in Monaco

So we've looked at the average salaries a Construction Laborer will earn in Monaco. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Construction Laborer can earn between 5,960 EUR and 25,940 EUR on average in Monaco. 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 Construction Laborer in Monaco is 16,340 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,340 EUR, and 50% of the population earn more than 16,340 EUR.

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 Construction Laborer salary in Monaco, 25% of the population are earning less than 12,840 EUR while 75% of the population earn more than 12,840 EUR.

75% of the population earn less than 20,760 EUR, and 25% of the population earn more than 20,760 EUR.

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.

Construction Laborer Salary by Experience Level in Monaco

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 construction laborer 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 Construction Laborer in Monaco that has less than two years of experience can expect to earn somewhere in the region of 9,360 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Construction Laborer salary would increase to 12,200 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Construction Laborer, the average salary would be 17,560 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 21,380 EUR.
  • 15 - 20 Years Experience. A Construction Laborer with 15 to 20 years of experience can earn an average of 23,380 EUR.
  • 20+ Years Experience. For a Construction Laborer with more than 20 years, the expected average salary increases to 22,400 EUR.

Average Salary by Experience Chart

0-2 Years
9,360 EUR
2-5 Years +38%
12,200 EUR
5-10 Years +42%
17,560 EUR
10-15 Years +22%
21,380 EUR
15-20 Years +6%
23,380 EUR
20+ Years +9%
22,400 EUR

Construction Laborer Salary by Education Level in Monaco

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 Construction Laborer in Monaco 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 Construction Laborer in Monaco with a high school education can earn an average salary of 10,220 EUR.

  • Certificate or Diploma. A Construction Laborer in Monaco with a certificate or diploma education can earn an average salary of 20,520 EUR.

Average Salary by Education Chart

High School
10,220 EUR
Certificate or Diploma +81%
20,520 EUR

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 Monaco is around 21,200 to 63,600 EUR 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.

Construction Laborer 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 Monaco, a male construction laborer will earn an average of 18,780 EUR, while a female construction laborer will earn around 17,020 EUR.

This means that a male construction laborer earns approximately 10% more than a female construction laborer for performing the same job.

Average Salary by Gender Chart in Monaco

Male
18,780 EUR
Female -10%
17,020 EUR

Construction Laborer Average Pay Raise in Monaco

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 Construction Laborer in Monaco is around 5% every 29 months.

The national average pay raise across all professions and industries in Monaco 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Construction Laborer in Monaco can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Monaco for 2024

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

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%

Construction Laborer Bonus and Incentive Rates in Monaco

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 Construction Laborer is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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
14%
No Bonus
86%

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 Monaco earn approximately 6% more than private sector employees in the same role.

Public Sector
52,880 EUR
Private Sector -6%
49,820 EUR

Salaries for Jobs Similar to a Construction Laborer

In the table below, we have salary information for jobs that are similar to a Construction Laborer in Monaco.

Job Title Category Salary
Air Conditioning Technician Facilities / Maintenance / Repair 18,780 EUR
Assembly Supervisor Facilities / Maintenance / Repair 23,080 EUR
Assistant Contract Manager Facilities / Maintenance / Repair 52,380 EUR
Building and Grounds Supervisor Facilities / Maintenance / Repair 37,740 EUR
Building Control Officer Facilities / Maintenance / Repair 30,700 EUR
Building Engineer Facilities / Maintenance / Repair 47,540 EUR
Building Services Engineer Facilities / Maintenance / Repair 45,000 EUR
Building Surveyor Facilities / Maintenance / Repair 31,080 EUR
Calibration Technician Facilities / Maintenance / Repair 20,120 EUR
Carpenter Facilities / Maintenance / Repair 22,420 EUR
Cemetery Manager Facilities / Maintenance / Repair 23,520 EUR
Chief Building Official Facilities / Maintenance / Repair 67,320 EUR
Clinical Facilities Planning Manager Facilities / Maintenance / Repair 72,700 EUR
Contracts Administrator Facilities / Maintenance / Repair 37,880 EUR
Contracts Manager Facilities / Maintenance / Repair 57,320 EUR
Facilities Coordinator Facilities / Maintenance / Repair 32,420 EUR
Facilities Director Facilities / Maintenance / Repair 70,600 EUR
Facilities Engineer Facilities / Maintenance / Repair 47,540 EUR
Facilities Maintenance Manager Facilities / Maintenance / Repair 67,560 EUR
Facilities Maintenance Supervisor Facilities / Maintenance / Repair 50,580 EUR
Facilities Manager Facilities / Maintenance / Repair 61,840 EUR
Field Service Manager Facilities / Maintenance / Repair 62,420 EUR
Field Service Technician Facilities / Maintenance / Repair 17,620 EUR
Fire Alarm System Installer Facilities / Maintenance / Repair 26,020 EUR
Glazier Facilities / Maintenance / Repair 17,540 EUR
HVAC Mechanic Facilities / Maintenance / Repair 15,920 EUR
HVAC Technician Facilities / Maintenance / Repair 18,780 EUR
Laborer Facilities / Maintenance / Repair 16,340 EUR
Maintenance Fitter Facilities / Maintenance / Repair 17,560 EUR
Maintenance Mechanic Facilities / Maintenance / Repair 16,400 EUR
Maintenance Officer Facilities / Maintenance / Repair 17,540 EUR
Maintenance Planner Facilities / Maintenance / Repair 24,820 EUR
Maintenance Supervisor Facilities / Maintenance / Repair 26,500 EUR
Maintenance Worker Facilities / Maintenance / Repair 16,880 EUR
Mechanic Facilities / Maintenance / Repair 16,140 EUR
Plant Engineer Facilities / Maintenance / Repair 41,480 EUR
Property Administration Officer Facilities / Maintenance / Repair 28,900 EUR
Service Engineer Facilities / Maintenance / Repair 45,060 EUR
Service Operations Manager Facilities / Maintenance / Repair 68,060 EUR
Technician Facilities / Maintenance / Repair 16,720 EUR
Tool Technician Facilities / Maintenance / Repair 16,720 EUR

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