Minimum Salaries in Norway for 2024 (2024)

FAQs

Minimum Salaries in Norway for 2024? ›

There is no general minimum wage for all sectors and workers in Norway. Nevertheless, minimum wages has been introduced in certain sectors in general application of collective agreements.

There is no general minimum wage in Norway. Wages are subject to agreement between the employer and the employee as part of the written employment contract. Although there is no general minimum wage in Norway, minimum rates of pay have been introduced in certain sectors: Construction sites (for construction workers)

Sweden does not have a minimum wage. This follows the policy in neighboring Norway, which also doesn't regulate minimum wage.

Norway does not have a minimum wage salary. The rates are fixed in labor collective agreements between employers, trade unions, and local authorities.

Average wages

As of the latest data, the typical monthly income for a full-time worker in Norway is around 47,000 NOK (approximately 4,700 USD) before taxes. Annually, this amounts to an average salary of about 564,000 NOK (or roughly 56,400 USD).

The federal minimum wage in 2024 is $7.25 per hour.

However, the tipped wage rate is $2.13 per hour, so long as each employee earns enough actual tips during the workweek to make up the other $5.12 per hour.

There is no mandatory minimum pay in Denmark. The pay is typically governed by collective agreements for different types of work. For some types of work the pay will depend on the amount the worker must be paid, for example per hour. In other areas, the pay may have been agreed upon in other ways.

Switzerland does not have a national minimum wage, but some cantons set their own minimum wages, with Geneva having one of the highest at CHF 24.32 per hour in 2024. The average salary in Switzerland is notably high, reflecting the country's strong economy, with figures around CHF 78,000 per year as of 2024.

There is no minimum wage law in Finland. Employer and employee may agree in the employment contract on how the work is to be compensated. However, this freedom of contract is restricted by the wage provisions in the applicable collective agreement.

What is a livable salary in Norway? ›

However, according to the figures in Numbeo, a single person (living outside of Oslo) should be comfortable on a 500,000 - 600,000 NOK salary per year, while a family (living outside of Oslo) should be comfortable on an 800,000 - 1,000,000 NOK annual salary.

General increase of 7 kroner per hour. Minimum wage for employees with 2 years of experience increases to 8 kroner per hour, while those with 4 years of industry experience will receive 10.50 kroner per hour.

550 000-700 000 is normal. 400 000-500 000 is quite low.

As of January 2024, Luxembourg has the highest minimum wage set at €2,571 per month. Luxembourg, Ireland, the Netherlands, Germany, Belgium and France, all have minimum wages above € 1,500 per month. At the other end, Bulgaria has the lowest minimum wage of €477.

The Central African Republic is among the lowest minimum wage in the world, at 218.75 CFA Francs per hour, which is equivalent to . 36 USD per hour. In Kyrgyzstan, the minimum wage was updated in 2024 and is among the lowest is the world, at 2,460 Kyrgyzstani SOM.

Minimum Wage Regulations Across Swiss Cantons

While Switzerland does not have a uniform national minimum wage, various cantons implement their own minimum pay standards. For example, by 2024, the minimum pay in Switzerland in Geneva will be about CHF 4,368 per month.

Key Takeaways. In Norway, there is a lack of statutory minimum wage and minimum wages are calculated by way of negotiations that take into account the cost of living, specific industry influences, the current system ensures stability and job satisfaction.

Permanently employed unskilled: Minimum 149,30 NOK per hour. Under 18 years of age: 118,90 NOK. All relevant experience or education within horticulture and agriculture, or relevant for the position, shall be included in the salary seniority. Supplement for skilled workers: Minimum 13 NOK per hour.

Rent Prices

The average rent across the entire country is 9,880 NOK (920 USD). Keep in mind that when renting in this country, you will be required to put down a large security deposit. This can be between three to six months' rent!

Norwegians earn USD 55 780 per year on average, more than the OECD average of USD 49 165. Another essential factor of employment quality is job security, in terms of expected loss of earnings when someone becomes unemployed.