Average Product Designer Salary in Honduras for 2024

In this article, we will look at the average Product Designer salary for 2024 in Honduras 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 Honduran lempira. To keep things simple, we are using the HNL currency code instead of the currency symbol L.

How Much Does a Product Designer Make in Honduras?

A Product Designer working in Honduras will typically earn around 190,500 HNL per year, and this can range from the lowest average salary of about 91,960 HNL to the highest average salary of 294,700 HNL.

Average Annual Salary
190,500 HNL
Average Monthly Salary
15,875 HNL

Lowest Annual Salary
91,960 HNL
Lowest Monthly Salary
7,663 HNL

Highest Annual Salary
294,700 HNL
Highest Monthly Salary
24,558 HNL

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

Product Designer 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 Product Designer Salaries in Honduras

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

Salary ranges

We already know that a Product Designer can earn between 91,960 HNL and 294,700 HNL on average in Honduras. 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 Product Designer in Honduras is 191,600 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 191,600 HNL, and 50% of the population earn more than 191,600 HNL.

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 Product Designer salary in Honduras, 25% of the population are earning less than 129,000 HNL while 75% of the population earn more than 129,000 HNL.

75% of the population earn less than 251,500 HNL, and 25% of the population earn more than 251,500 HNL.

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.

Product Designer Salary by Experience Level in Honduras

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 product designer 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 Product Designer in Honduras that has less than two years of experience can expect to earn somewhere in the region of 108,340 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Designer salary would increase to 142,300 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Designer, the average salary would be 196,800 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 239,300 HNL.
  • 15 - 20 Years Experience. A Product Designer with 15 to 20 years of experience can earn an average of 259,100 HNL.
  • 20+ Years Experience. For a Product Designer with more than 20 years, the expected average salary increases to 275,800 HNL.

Average Salary by Experience Chart

0-2 Years
108,340 HNL
2-5 Years +29%
142,300 HNL
5-10 Years +38%
196,800 HNL
10-15 Years +24%
239,300 HNL
15-20 Years +7%
259,100 HNL
20+ Years +7%
275,800 HNL

Product Designer Salary by Education Level in Honduras

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 Product Designer in Honduras 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 Product Designer in Honduras with a high school education can earn an average salary of 137,400 HNL.

  • Certificate or Diploma. A Product Designer in Honduras with a certificate or diploma education can earn an average salary of 158,700 HNL.

  • Bachelor's Degree. A Product Designer in Honduras with a bachelor's degree education can earn an average salary of 210,500 HNL.

  • Master's Degree. A Product Designer in Honduras with a master's degree education can earn an average salary of 266,000 HNL.

Average Salary by Education Chart

High School
137,400 HNL
Certificate or Diploma +15%
158,700 HNL
Bachelor's Degree +35%
210,500 HNL
Master's Degree +26%
266,000 HNL

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 Honduras is around 141,000 to 422,000 HNL 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.

Product Designer 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 Honduras, a male product designer will earn an average of 195,200 HNL, while a female product designer will earn around 180,300 HNL.

This means that a male product designer earns approximately 8% more than a female product designer for performing the same job.

Average Salary by Gender Chart in Honduras

Male
195,200 HNL
Female -8%
180,300 HNL

Product Designer Average Pay Raise in Honduras

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 Product Designer in Honduras is around 8% every 27 months.

The national average pay raise across all professions and industries in Honduras 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Product Designer in Honduras can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Honduras for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Product Designer Bonus and Incentive Rates in Honduras

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 Product Designer is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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 3% to 6%.

Received Bonus
37%
No Bonus
63%

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 Honduras earn approximately 13% more than private sector employees in the same role.

Public Sector
353,600 HNL
Private Sector -13%
312,400 HNL

Salaries for Jobs Similar to a Product Designer

In the table below, we have salary information for jobs that are similar to a Product Designer in Honduras.

Job Title Category Salary
3D Artist Media / Broadcasting / Arts / Entertainment 267,100 HNL
3D Designer Media / Broadcasting / Arts / Entertainment 263,200 HNL
3D Generalist Media / Broadcasting / Arts / Entertainment 233,900 HNL
3D Visualization Specialist Media / Broadcasting / Arts / Entertainment 279,400 HNL
Acrobatic Rigger Media / Broadcasting / Arts / Entertainment 194,600 HNL
Actor Media / Broadcasting / Arts / Entertainment 376,800 HNL
Art Administrator Media / Broadcasting / Arts / Entertainment 305,600 HNL
Art Director Media / Broadcasting / Arts / Entertainment 369,900 HNL
Art Lead Media / Broadcasting / Arts / Entertainment 354,000 HNL
Associate Media Director Media / Broadcasting / Arts / Entertainment 332,100 HNL
Associate Producer Media / Broadcasting / Arts / Entertainment 390,000 HNL
Broadcast and Sound Engineer Media / Broadcasting / Arts / Entertainment 240,500 HNL
Broadcast Associate Media / Broadcasting / Arts / Entertainment 200,000 HNL
Broadcast News Analyst Media / Broadcasting / Arts / Entertainment 312,400 HNL
Broadcast Technician Media / Broadcasting / Arts / Entertainment 172,400 HNL
Broadcasting Journalist Media / Broadcasting / Arts / Entertainment 365,400 HNL
Broadcasting Presenter Media / Broadcasting / Arts / Entertainment 366,200 HNL
Camera Equipment Repairer Media / Broadcasting / Arts / Entertainment 201,100 HNL
Camera Operator Media / Broadcasting / Arts / Entertainment 174,000 HNL
Cartoonist / Animator Media / Broadcasting / Arts / Entertainment 266,000 HNL
CAS Engineer Media / Broadcasting / Arts / Entertainment 322,600 HNL
Censorship Executive Media / Broadcasting / Arts / Entertainment 327,300 HNL
Choreographer Media / Broadcasting / Arts / Entertainment 246,500 HNL
Colorist Media / Broadcasting / Arts / Entertainment 151,800 HNL
Communications Manager Media / Broadcasting / Arts / Entertainment 444,300 HNL
Correspondent Media / Broadcasting / Arts / Entertainment 318,800 HNL
Dance Director Media / Broadcasting / Arts / Entertainment 292,000 HNL
Dancer Media / Broadcasting / Arts / Entertainment 257,700 HNL
Director of Photography Media / Broadcasting / Arts / Entertainment 301,300 HNL
Disc Jockey Media / Broadcasting / Arts / Entertainment 185,100 HNL
Editorial Assistant Media / Broadcasting / Arts / Entertainment 164,200 HNL
Events Manager Media / Broadcasting / Arts / Entertainment 282,300 HNL
Graphic Designer Media / Broadcasting / Arts / Entertainment 208,600 HNL
Illustrator Media / Broadcasting / Arts / Entertainment 215,100 HNL
Industrial Designer Media / Broadcasting / Arts / Entertainment 180,300 HNL
Instructional Designer Media / Broadcasting / Arts / Entertainment 191,600 HNL
Journalist Media / Broadcasting / Arts / Entertainment 341,900 HNL
Makeup Artist Media / Broadcasting / Arts / Entertainment 205,700 HNL
Media Design Manager Media / Broadcasting / Arts / Entertainment 489,500 HNL
Media Equipment Operator Media / Broadcasting / Arts / Entertainment 159,400 HNL
Media Operations Manager Media / Broadcasting / Arts / Entertainment 417,100 HNL
Media Planner Media / Broadcasting / Arts / Entertainment 283,700 HNL
Media Producer Media / Broadcasting / Arts / Entertainment 385,300 HNL
Media Product Development Manager Media / Broadcasting / Arts / Entertainment 522,700 HNL
Media Production Manager Media / Broadcasting / Arts / Entertainment 504,500 HNL
Media Program Director Media / Broadcasting / Arts / Entertainment 565,100 HNL
Media Relation Executive Media / Broadcasting / Arts / Entertainment 518,900 HNL
Media Relations Manager Media / Broadcasting / Arts / Entertainment 531,700 HNL
Media Sales Manager Media / Broadcasting / Arts / Entertainment 556,000 HNL
Movement and Dance Coordinator Media / Broadcasting / Arts / Entertainment 315,700 HNL
Multimedia Coordinator Media / Broadcasting / Arts / Entertainment 204,000 HNL
Multimedia Designer Media / Broadcasting / Arts / Entertainment 205,700 HNL
Music Consultant Media / Broadcasting / Arts / Entertainment 275,200 HNL
Musician Media / Broadcasting / Arts / Entertainment 227,600 HNL
News Associate Media / Broadcasting / Arts / Entertainment 263,900 HNL
News Reporter Media / Broadcasting / Arts / Entertainment 349,300 HNL
Post Production Assistant Media / Broadcasting / Arts / Entertainment 176,800 HNL
Producer Media / Broadcasting / Arts / Entertainment 464,900 HNL
Product Planner Media / Broadcasting / Arts / Entertainment 247,800 HNL
Production Artist Media / Broadcasting / Arts / Entertainment 252,300 HNL
Production Assistant Media / Broadcasting / Arts / Entertainment 185,100 HNL
Production Director Media / Broadcasting / Arts / Entertainment 420,800 HNL
Production Technician Media / Broadcasting / Arts / Entertainment 172,400 HNL
Program Researcher Media / Broadcasting / Arts / Entertainment 311,700 HNL
Promotion Coordinator Media / Broadcasting / Arts / Entertainment 245,300 HNL
Sound Engineer Media / Broadcasting / Arts / Entertainment 263,200 HNL
Sound Engineering Technician Media / Broadcasting / Arts / Entertainment 152,000 HNL
Stage Technician Media / Broadcasting / Arts / Entertainment 152,100 HNL
Sub Editor Media / Broadcasting / Arts / Entertainment 183,600 HNL
Television Executive Producer Media / Broadcasting / Arts / Entertainment 563,300 HNL
Transmission Engineer Media / Broadcasting / Arts / Entertainment 275,200 HNL
Video Editor Media / Broadcasting / Arts / Entertainment 218,900 HNL
Video Producer Media / Broadcasting / Arts / Entertainment 286,400 HNL
Videographer Media / Broadcasting / Arts / Entertainment 263,100 HNL
Visual Designer Media / Broadcasting / Arts / Entertainment 271,300 HNL

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