Salary Calculator Cyprus
Calculate your take-home salary in Cyprus
| Results | Yearly | Monthly |
|---|---|---|
| Gross Salary | €0 | €0 |
| Total Deductions | €0 | €0 |
| Take-Home | €0 | €0 |
2024 Salary After Tax Breakdown in Cyprus
Detailed Breakdown of Taxes and Contributions
With a gross annual income of €0, our Salary After Tax Calculator for Cyprus estimates your net monthly income to be around €0. This represents approximately NaN% of your gross monthly income deducted as taxes and contributions.
Below is a detailed breakdown of the taxes and contributions deducted from employment earnings in Cyprus, as calculated by our salary after tax calculator.
| Yearly | Monthly | |
|---|---|---|
| Gross Income | €0 | €0 |
| Total Deductions (NaN%) | €0 | €0 |
| > Social Insurance Contribution | €0 | €0 |
| > Income Tax | €0 | €0 |
| Take-Home | €0 | €0 |
What is the Minimum Salary in Cyprus?
According to Cyprus's Ministry of Labour, Welfare and Social Insurance
In Cyprus, the national minimum wage is set at approximately EUR 870 per month for employees aged 21 and over. This equates to an annual income of approximately EUR 10,440.
After accounting for taxes and social security contributions, an individual on the Cypriot minimum wage would net approximately EUR 700 each month. Cyprus's minimum wage aims to provide a basic standard of living and is adjusted annually in line with inflation.
The most recent statistics show that the average yearly salary in Cyprus is around €21,000. This amount varies greatly depending on the job role, experience level, and the specific sector of employment. The median monthly gross salary in Cyprus is estimated to be €1,750, which can differ based on the geographical location.
In Cyprus, sectors such as finance, information technology, and tourism are known for offering competitive salaries. Below is a comprehensive breakdown of median salaries by region within Cyprus. We also offer insights into the net salaries after tax, providing a clearer picture of what you might take home.
| Region | Monthly Gross Salary | Monthly Net Salary |
|---|---|---|
| Nicosia | €2,300 | €1,820 |
| Limassol | €2,200 | €1,750 |
| Larnaca | €2,100 | €1,670 |
| Paphos | €2,000 | €1,590 |
| Famagusta | €1,900 | €1,510 |