As Cambodia continues its economic growth, understanding the average salary in Cambodia is crucial for job seekers, businesses, and professionals looking to navigate the country’s dynamic job market. With an expanding economy and evolving industries, it’s essential to stay updated on salary trends, minimum wage changes, and industry-specific wages. This guide will provide an overview of key salary benchmarks in 2024 and insights into the factors influencing wages in the region.

Average Salary in Cambodia: 2024 Overview

The average salary in Cambodia varies significantly depending on factors such as industry, location, and job experience. As of 2024, Cambodia’s growing economy has seen increases in wages across various sectors, particularly in technology, tourism, and manufacturing. On average, the monthly salary for professionals ranges between $250 and $600, but this can go higher in specialized fields like technology or senior management roles.

For those looking to explore the average wage in Cambodia more specifically, industry-specific data is critical. For instance, technology professionals often command higher salaries due to increasing demand, while service sector workers typically earn closer to the average wage.

Cambodia Salary Guide for 2024

In 2024, several industries are expected to see salary shifts due to Cambodia’s economic changes and industry demands. Here is a breakdown of average wages by industry in Cambodia:

• Information Technology: With the growth of tech companies and startups, IT professionals are earning competitive salaries, ranging from $800 to $2,500 per month depending on experience and specialization.
• Manufacturing: Workers in this sector often earn the minimum wage in Cambodia, which in 2024 is set at around $194 per month for garment factory workers, with slight variations across other manufacturing fields.
• Tourism and Hospitality: The average salary in this industry can range from $250 to $800 per month, depending on the role and location.
• Finance and Banking: Professionals in this sector often earn higher wages, with average monthly salaries between $600 and $1,500.

This Cambodia salary guide 2024 is essential for both employers setting competitive wages and job seekers negotiating salary expectations.

Minimum Wage and Salary Trends in Cambodia

Cambodia’s minimum wage has steadily increased over the past few years to reflect the growing cost of living. As mentioned, the minimum wage in Cambodia for 2024 stands at $194 per month for garment workers. However, other industries, such as agriculture and services, may have different minimum wages based on sector agreements.

Understanding Cambodia salary trends is crucial for forecasting future wage increases. Cambodia’s sustained economic growth suggests that salaries will continue to rise in key sectors like technology and finance. Additionally, there is a noticeable trend toward high-paying jobs in Cambodia, especially in fields like information technology, finance, and senior management roles.

High-Paying Jobs and Salary Expectations in Cambodia

Cambodia’s evolving job market is providing more opportunities for professionals seeking high-paying jobs. Sectors like technology, finance, and executive management offer the best opportunities, with salaries reaching up to $5,000 per month for senior-level positions.

Professionals seeking salary expectations in Cambodia should consider factors such as experience, industry, and job role. For instance, an IT manager or senior software developer may expect salaries between $2,000 to $5,000 per month, while a finance director could earn similar compensation.

Factors Influencing Salary Levels in Cambodia

Several factors affect professional salary levels in Cambodia, including:

• Economic Growth: Cambodia’s consistent economic growth has positively influenced wages, especially in booming industries like technology and construction.
• Living Costs: Although Cambodia’s living costs remain lower than many neighboring countries, urban areas such as Phnom Penh have seen increased living expenses, prompting higher wages to maintain a reasonable standard of living.
• Foreigners in Cambodia: Average salary in Cambodia for foreigners can often be higher than for locals, especially in managerial or specialist roles, as expatriates are typically hired to fill skill gaps.

Conclusion

Understanding the average salary in Cambodia and industry-specific wages is essential for anyone involved in the Cambodian job market. Whether you’re an employer, a job seeker, or an industry professional, staying updated on salary trends, minimum wage policies, and high-paying job opportunities will ensure you’re well-positioned in Cambodia’s evolving economy.