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12° Nicosia,
06 November, 2026
 
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Cyprus wages are rising, but the EU average is still €12,000 higher

The average full-time salary reached €29,547 in 2025, or about €2,460 a month before deductions.

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The average full-time salary in Cyprus rose by about €117 a month last year before deductions. That put annual pay just shy of €30,000, still nearly €12,000 below the European Union average.

Figures released Friday by Eurostat put Cyprus’ average annual salary at €29,547 in 2025, up 5% from €28,143 the previous year. The figure was €26,696 in 2023 and €24,203 in 2022. That’s an increase of more than €5,300 a year since 2022.

If €2,460 a month sounds higher than what you see on payday, the comparison is based on gross pay and puts part-time work on a full-time footing. Higher salaries can also pull up the average, so the figure tells us little about what the worker in the middle earns.

Across the EU, average full-time pay rose 4.3% to €41,500. Cyprus’ average grew slightly faster, but the gap still works out to nearly

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CYprus  |  economy

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