Average Painter Salary in Monaco for 2024

In this article, we will look at the average Painter 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 Painter Make in Monaco?

A Painter working in Monaco will typically earn around 18,780 EUR per year, and this can range from the lowest average salary of about 8,100 EUR to the highest average salary of 26,780 EUR.

Average Annual Salary
18,780 EUR
Average Monthly Salary
1,565 EUR

Lowest Annual Salary
8,100 EUR
Lowest Monthly Salary
675 EUR

Highest Annual Salary
26,780 EUR
Highest Monthly Salary
2,231 EUR

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

Painter 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 Painter Salaries in Monaco

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

Salary ranges

We already know that a Painter can earn between 8,100 EUR and 26,780 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 Painter in Monaco is 17,540 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 17,540 EUR, and 50% of the population earn more than 17,540 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 Painter salary in Monaco, 25% of the population are earning less than 13,660 EUR while 75% of the population earn more than 13,660 EUR.

75% of the population earn less than 20,520 EUR, and 25% of the population earn more than 20,520 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.

Painter 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 painter 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 Painter in Monaco that has less than two years of experience can expect to earn somewhere in the region of 12,760 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Painter salary would increase to 13,560 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Painter, the average salary would be 20,300 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 20,460 EUR.
  • 15 - 20 Years Experience. A Painter with 15 to 20 years of experience can earn an average of 23,140 EUR.
  • 20+ Years Experience. For a Painter with more than 20 years, the expected average salary increases to 24,200 EUR.

Average Salary by Experience Chart

0-2 Years
12,760 EUR
2-5 Years +26%
13,560 EUR
5-10 Years +32%
20,300 EUR
10-15 Years +18%
20,460 EUR
15-20 Years +11%
23,140 EUR
20+ Years +6%
24,200 EUR

Painter 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 Painter 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 Painter in Monaco with a high school education can earn an average salary of 13,560 EUR.

  • Certificate or Diploma. A Painter in Monaco with a certificate or diploma education can earn an average salary of 19,020 EUR.

  • Bachelor's Degree. A Painter in Monaco with a bachelor's degree education can earn an average salary of 25,940 EUR.

Average Salary by Education Chart

High School
13,560 EUR
Certificate or Diploma +37%
19,020 EUR
Bachelor's Degree +29%
25,940 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.

Painter 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 painter will earn an average of 16,980 EUR, while a female painter will earn around 16,720 EUR.

This means that a male painter earns approximately 2% more than a female painter for performing the same job.

Average Salary by Gender Chart in Monaco

Male
16,980 EUR
Female -2%
16,720 EUR

Painter 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 Painter 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 Painter 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%

Painter 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 Painter is a low bonus based job, with 7% of employees reporting at least one bonus in the last 12 months.

93% 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 2%.

Received Bonus
7%
No Bonus
93%

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 Painter

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

Job Title Category Salary
Adjudicator Construction / Building / Installation 22,420 EUR
Assembler Construction / Building / Installation 19,020 EUR
Boat Builder and Shipwright Construction / Building / Installation 25,940 EUR
Bricklayer Construction / Building / Installation 17,540 EUR
Building Administrator Construction / Building / Installation 22,660 EUR
Building Contracts Manager Construction / Building / Installation 73,120 EUR
Building Inspector Construction / Building / Installation 23,520 EUR
Building Monitor Construction / Building / Installation 19,020 EUR
Building Sales Manager Construction / Building / Installation 64,640 EUR
Cabinetmaker Construction / Building / Installation 18,900 EUR
Carpenter Construction / Building / Installation 19,940 EUR
Civil Engineer Construction / Building / Installation 47,540 EUR
Civil Technician Construction / Building / Installation 25,660 EUR
Concreter Construction / Building / Installation 16,140 EUR
Construction and Building Inspector Construction / Building / Installation 22,420 EUR
Construction and Maintenance Manager Construction / Building / Installation 37,880 EUR
Construction Assistant Construction / Building / Installation 22,540 EUR
Construction Coordinator Construction / Building / Installation 27,020 EUR
Construction Estimator Construction / Building / Installation 32,900 EUR
Construction Field Engineer Construction / Building / Installation 45,200 EUR
Construction General Manager Construction / Building / Installation 83,060 EUR
Construction Inventory Officer Construction / Building / Installation 20,300 EUR
Construction Manager Construction / Building / Installation 83,420 EUR
Construction Operations Manager Construction / Building / Installation 79,240 EUR
Construction Project Controls Manager Construction / Building / Installation 62,060 EUR
Construction Project Coordinator Construction / Building / Installation 50,560 EUR
Construction Project Engineer Construction / Building / Installation 49,020 EUR
Construction Project Manager Construction / Building / Installation 80,020 EUR
Construction Project Manager Construction / Building / Installation 83,420 EUR
Construction Project Planner Construction / Building / Installation 46,720 EUR
Construction Quality Control Manager Construction / Building / Installation 59,940 EUR
Construction Safety Officer Construction / Building / Installation 32,900 EUR
Construction Superintendent Construction / Building / Installation 32,200 EUR
Construction Supervisor Construction / Building / Installation 45,580 EUR
Construction Technical Assistant Construction / Building / Installation 21,400 EUR
Construction Technical Officer Construction / Building / Installation 23,400 EUR
Construction Technical Writer Construction / Building / Installation 22,420 EUR
Construction Technician Construction / Building / Installation 18,280 EUR
Construction Worker Construction / Building / Installation 16,340 EUR
Crane and Tower Operator Construction / Building / Installation 18,280 EUR
Crane Operator Construction / Building / Installation 20,120 EUR
Diesel Mechanic Construction / Building / Installation 18,280 EUR
Draughtsman Construction / Building / Installation 15,700 EUR
Drywall Installer Construction / Building / Installation 21,020 EUR
Electrical Draftsman Construction / Building / Installation 18,280 EUR
Electrical Engineering Supervisor Construction / Building / Installation 53,380 EUR
Electrical Engineering Technician Construction / Building / Installation 20,760 EUR
Electrical Supervisor Construction / Building / Installation 37,620 EUR
Electrician Construction / Building / Installation 29,540 EUR
Elevator Installer and Repairer Construction / Building / Installation 24,840 EUR
Engineer Construction / Building / Installation 45,720 EUR
Excavator Operator Construction / Building / Installation 19,020 EUR
Field Inspector Construction / Building / Installation 32,200 EUR
Floor Finisher Construction / Building / Installation 21,540 EUR
Floor Manager Construction / Building / Installation 29,040 EUR
Foreman Construction / Building / Installation 15,380 EUR
Frame and Truss Detailer Construction / Building / Installation 19,220 EUR
Furniture Finisher Construction / Building / Installation 16,140 EUR
Gas Technician Construction / Building / Installation 17,760 EUR
Handyman Construction / Building / Installation 18,780 EUR
Health and Safety Coordinator Construction / Building / Installation 22,540 EUR
Health and Safety Officer Construction / Building / Installation 27,380 EUR
Installation Manager Construction / Building / Installation 56,880 EUR
Installer Construction / Building / Installation 17,860 EUR
Insulation Installer Construction / Building / Installation 19,640 EUR
Labourer Construction / Building / Installation 16,880 EUR
Land Surveyor Construction / Building / Installation 23,260 EUR
Lift Technician Construction / Building / Installation 17,740 EUR
Maintenance Foreman Construction / Building / Installation 15,700 EUR
Material Tester Construction / Building / Installation 25,720 EUR
Model Maker Construction / Building / Installation 25,940 EUR
Order Picker Construction / Building / Installation 19,200 EUR
Pipe Layer Construction / Building / Installation 17,540 EUR
Pipe Welder Construction / Building / Installation 16,400 EUR
Pipefitter Construction / Building / Installation 15,580 EUR
Plumber Construction / Building / Installation 21,540 EUR
Property Coordinator Construction / Building / Installation 40,640 EUR
Purchasing Manager Construction / Building / Installation 58,240 EUR
Quantity Estimator Construction / Building / Installation 30,700 EUR
Quantity Surveyor Construction / Building / Installation 31,380 EUR
Roof Slater and Tiler Construction / Building / Installation 15,700 EUR
Sheet Metal Mechanic Construction / Building / Installation 17,860 EUR
Sheet Metal Worker Construction / Building / Installation 16,880 EUR
Site Clerk Construction / Building / Installation 20,300 EUR
Site engineer Construction / Building / Installation 44,300 EUR
Site Leader Construction / Building / Installation 79,280 EUR
Stock Controller Construction / Building / Installation 25,940 EUR
Structural Steel Construction Worker Construction / Building / Installation 19,060 EUR
Technical Draughtsman Construction / Building / Installation 20,460 EUR
Tender Manager Construction / Building / Installation 70,700 EUR
Tendering Manager Construction / Building / Installation 65,080 EUR
Tower Crane Operator Construction / Building / Installation 16,980 EUR
Wall and Floor Tiler Construction / Building / Installation 15,920 EUR
Warehouse Manager Construction / Building / Installation 52,880 EUR
Welder Construction / Building / Installation 15,760 EUR
Welding Superintendent Construction / Building / Installation 21,380 EUR

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