Average Salary in Grenada 2026
Currency: XCD · Updated for 2026
How much money does a person working in Grenada make?
Average Monthly Salary
3,200 XCD
( 38,394 XCD yearly )
~ 1,185 USD per month ( 14,220 USD yearly )
LOW
799 XCD
296 USD
AVERAGE
3,200 XCD
1,185 USD
HIGH
11,200 XCD
4,148 USD
A person working in Grenada typically earns around 3,200 XCD per month. Salaries range from 799 XCD (lowest average) to 11,200 XCD (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Distribution of Salaries in Grenada
Median and salary distribution monthly Grenada
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What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated.
The median (2,816 XCD) represents the middle salary value — 50% earn more and 50% earn less. The average (3,200 XCD) is the sum of all salaries divided by the number of workers, and can be skewed by extremely high or low salaries.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
- 0–2 Years (Entry Level)19,197 XCD
- 2–5 Years (Junior)24,956 XCD
- 5–10 Years (Mid-Career)32,635 XCD
- 10–15 Years (Experienced)38,394 XCD
- 15+ Years (Senior)46,073 XCD
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average +30% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average +31% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by +18% and an additional +20% for those who have crossed the 15 years mark.
“On average, a person's salary doubles their starting salary by the time they cross the 10 years experience mark.”
Salary Comparison By Education
How does the education level affect your salary?
- High School23,036 XCD
- Certificate26,876 XCD
- Associate30,715 XCD
- Bachelor's38,394 XCD
- Master's46,073 XCD
- PhD53,752 XCD
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High School → Certificate
+17%
Certificate → Bachelor's
+43%
Bachelor's → Master's
+20%
Master's → PhD
+17%
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average +17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn +43% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are +20% more than those with a Bachelor's Degree.
Finally, PhD holders earn +17% more than Master's Degree holders on average.
Salary Comparison By Gender
Salary comparison by gender monthly Grenada
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Grenada earn 14% more than their female counterparts on average across all sectors.
Average Annual Salary Increment Percentage in Grenada
How much are annual salary increments? How often do employees get salary raises?
9%
Average Raise
14 months
Review Frequency
5%
Annualized Increase
Employees in Grenada are likely to observe a salary increase of approximately 9% every 14 months.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
The average salary increase in one year (12 months) in Grenada is 5%.
Bonus and Incentive Rates in Grenada
How much and how often are bonuses being awarded?
49%
Received Bonus
51%
No Bonus
49% of surveyed staff in Grenada reported receiving at least one form of monetary bonus.
Average Bonus Rate
3%
of annual salary
Types of Bonuses Considered:
• Individual Performance-Based Bonuses
• Company Performance Bonuses
• Goal-Based Bonuses
• Holiday / End of Year Bonuses
Top 5 Highest Paying Industries
Annual average salaries
- Legal51,832 XCD
- Aviation49,912 XCD
- Information Technology49,912 XCD
- Banking47,993 XCD
- Pharmaceuticals47,993 XCD
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Salaries for Popular Jobs
Sample job titles and their average salaries
| Job Title | Annual Salary | Monthly Salary |
|---|---|---|
| Surgeon | 95,985 XCD | 8,000 XCD |
| Pilot | 76,788 XCD | 6,399 XCD |
| Software Developer | 69,109 XCD | 5,759 XCD |
| Data Scientist | 65,270 XCD | 5,441 XCD |
| Financial Manager | 61,430 XCD | 5,119 XCD |
| Database Administrator | 57,591 XCD | 4,801 XCD |
| Engineer | 53,752 XCD | 4,479 XCD |
| Marketing Manager | 49,912 XCD | 4,161 XCD |
| Project Manager | 47,993 XCD | 3,999 XCD |
| Accountant | 42,233 XCD | 3,521 XCD |
| Hotel Manager | 38,394 XCD | 3,200 XCD |
| Nurse | 34,555 XCD | 2,881 XCD |
| Graphic Designer | 32,635 XCD | 2,719 XCD |
| Chef | 28,796 XCD | 2,400 XCD |
| Teacher | 26,876 XCD | 2,241 XCD |
Salary Comparison By City
Average annual salaries by city
| City | Average Salary |
|---|---|
| Saint George's | 44,153 XCD |
Government vs Private Sector Salary Comparison
Where can you get paid more?
3,040 XCD
Private Sector
3,359 XCD
Public Sector
+10%
Public sector employees in Grenada earn 10% more than their private sector counterparts on average across all sectors.
Average Hourly Wage in Grenada
19 XCD
per hour
The average hourly wage (pay per hour) in Grenada is 19 XCD. This means that the average person in Grenada earns approximately 19 XCD for every worked hour. Hourly Wage = Annual Salary ÷ (52 × 5 × 8)
Cost of Living in Grenada
Estimated monthly expenses
Rent
440 XCD
/month
Food
140 XCD
/month
Transport
54 XCD
/month
Utilities
70 XCD
/month
Compare Your Salary
See how your salary compares with the average in Grenada and explore top-paying jobs.