Average Real Estate Valuer Salary in Uruguay for 2024

In this article, we will look at the average Real Estate Valuer salary for 2024 in Uruguay 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 Uruguayan peso. To keep things simple, we are using the UYU currency code instead of the currency symbol $.

How Much Does a Real Estate Valuer Make in Uruguay?

A Real Estate Valuer working in Uruguay will typically earn around 349,300 UYU per year, and this can range from the lowest average salary of about 181,600 UYU to the highest average salary of 531,700 UYU.

Average Annual Salary
349,300 UYU
Average Monthly Salary
29,108 UYU

Lowest Annual Salary
181,600 UYU
Lowest Monthly Salary
15,133 UYU

Highest Annual Salary
531,700 UYU
Highest Monthly Salary
44,308 UYU

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

Real Estate Valuer 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 Real Estate Valuer Salaries in Uruguay

So we've looked at the average salaries a Real Estate Valuer will earn in Uruguay. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Real Estate Valuer can earn between 181,600 UYU and 531,700 UYU on average in Uruguay. 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 Real Estate Valuer in Uruguay is 335,100 UYU. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 335,100 UYU, and 50% of the population earn more than 335,100 UYU.

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 Real Estate Valuer salary in Uruguay, 25% of the population are earning less than 232,900 UYU while 75% of the population earn more than 232,900 UYU.

75% of the population earn less than 417,200 UYU, and 25% of the population earn more than 417,200 UYU.

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.

Real Estate Valuer Salary by Experience Level in Uruguay

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 real estate valuer 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 Real Estate Valuer in Uruguay that has less than two years of experience can expect to earn somewhere in the region of 204,000 UYU.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Valuer salary would increase to 275,800 UYU.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Valuer, the average salary would be 359,900 UYU.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 433,400 UYU.
  • 15 - 20 Years Experience. A Real Estate Valuer with 15 to 20 years of experience can earn an average of 475,700 UYU.
  • 20+ Years Experience. For a Real Estate Valuer with more than 20 years, the expected average salary increases to 498,000 UYU.

Average Salary by Experience Chart

0-2 Years
204,000 UYU
2-5 Years +34%
275,800 UYU
5-10 Years +30%
359,900 UYU
10-15 Years +21%
433,400 UYU
15-20 Years +9%
475,700 UYU
20+ Years +5%
498,000 UYU

Real Estate Valuer Salary by Education Level in Uruguay

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 Real Estate Valuer in Uruguay 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 Real Estate Valuer in Uruguay with a high school education can earn an average salary of 245,300 UYU.

  • Certificate or Diploma. A Real Estate Valuer in Uruguay with a certificate or diploma education can earn an average salary of 348,300 UYU.

  • Bachelor's Degree. A Real Estate Valuer in Uruguay with a bachelor's degree education can earn an average salary of 483,800 UYU.

Average Salary by Education Chart

High School
245,300 UYU
Certificate or Diploma +43%
348,300 UYU
Bachelor's Degree +38%
483,800 UYU

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 Uruguay is around 165,000 to 494,000 UYU 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.

Real Estate Valuer 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 Uruguay, a male real estate valuer will earn an average of 361,500 UYU, while a female real estate valuer will earn around 339,100 UYU.

This means that a male real estate valuer earns approximately 7% more than a female real estate valuer for performing the same job.

Average Salary by Gender Chart in Uruguay

Male
361,500 UYU
Female -7%
339,100 UYU

Real Estate Valuer Average Pay Raise in Uruguay

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 Real Estate Valuer in Uruguay is around 9% every 19 months.

The national average pay raise across all professions and industries in Uruguay is around 7% every 19 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 = ( 9 ÷ 19 ) × 12  = 6%

What this means is that a Real Estate Valuer in Uruguay can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Uruguay for 2024

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

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%

Real Estate Valuer Bonus and Incentive Rates in Uruguay

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 Real Estate Valuer is a moderate bonus based job, with 50% of employees reporting at least one bonus in the last 12 months.

50% 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 5%.

Received Bonus
50%
No Bonus
50%

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 Uruguay earn approximately 8% more than private sector employees in the same role.

Public Sector
409,000 UYU
Private Sector -8%
377,200 UYU

Salaries for Jobs Similar to a Real Estate Valuer

In the table below, we have salary information for jobs that are similar to a Real Estate Valuer in Uruguay.

Job Title Category Salary
Acquisition Associate Real Estate 340,400 UYU
Assistant Leasing Manager Real Estate 424,900 UYU
Assistant Property Manager Real Estate 442,200 UYU
Brokerage Real Estate 325,800 UYU
Brokerage Clerk Real Estate 168,100 UYU
Commercial Leasing Manager Real Estate 691,200 UYU
Commercial Real Estate Manager Real Estate 751,700 UYU
Community Development Manager Real Estate 614,600 UYU
Compliance Specialist Real Estate 325,900 UYU
Development Coordinator Real Estate 339,100 UYU
Director of Real Estate Real Estate 744,600 UYU
Lease Administrator Real Estate 428,400 UYU
Leasing Agent Real Estate 354,000 UYU
Leasing Consultant Real Estate 392,300 UYU
Leasing Manager Real Estate 471,700 UYU
Lettings Assistant Real Estate 172,200 UYU
Portfolio Analyst Real Estate 551,200 UYU
Portfolio Manager Real Estate 778,500 UYU
Property Acquisition Agent Real Estate 315,700 UYU
Property and Claims Specialist Real Estate 399,900 UYU
Property Manager Real Estate 483,400 UYU
Property Operations Manager Real Estate 695,200 UYU
Property Tax Assistant Real Estate 339,100 UYU
Real Estate Administrator Real Estate 378,300 UYU
Real Estate Agent Real Estate 362,200 UYU
Real Estate Analyst Real Estate 459,700 UYU
Real Estate Appraiser Real Estate 341,900 UYU
Real Estate Appraiser Real Estate 348,300 UYU
Real Estate Appraiser Real Estate 372,600 UYU
Real Estate Assistant Real Estate 311,700 UYU
Real Estate Association Manager Real Estate 453,200 UYU
Real Estate Broker Real Estate 318,800 UYU
Real Estate General Manager Real Estate 689,900 UYU
Real Estate Project Director Real Estate 691,200 UYU
Real Estate Project Manager Real Estate 603,400 UYU
Real Estate Sales Agent Real Estate 354,000 UYU
Research Analyst Real Estate 301,800 UYU
Residential Advisor Real Estate 388,100 UYU
Residential Property Manager Real Estate 492,400 UYU
Shopping Center Manager Real Estate 701,400 UYU
Town Planner Real Estate 721,600 UYU

Salary Comparison by City

If you want to compare salaries with different cities in Uruguay, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Montevideo 394,800 UYU

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