Average Salary in Cambodia: 2024 Salary Trends and Top-Paying Jobs

Cambodia's economy has seen tremendous development in recent years, becoming a rapidly rising hub for a variety of industries including manufacturing, construction, technology, and tourism. As a result, the employment market has grown more dynamic, with compensation trends shifting to match the needs of both employers and individuals. This article digs into the average salary in Cambodia in 2024 and the proper salary breakdown for each industry, examining earnings by industry, researching Cambodia's salary trends for 2024, and providing insights into high-paying occupations. We'll also provide advice on how to negotiate the job market in Cambodia and obtain profitable positions through platforms like Talent4U.

Average Salary in Cambodia 2024: Overview

The average salary in Cambodia per month varies substantially depending on profession, industry, and region. Wages in major places such as Cambodia Phnom Penh, Siem Reap, and Sihanoukville are often greater than in rural areas. The Cambodia salary trends for 2024 show a rise in the average wage in Cambodia due to inflation and increased demand for skilled labour.

Cambodia Average Salary in USD Per Month

The Cambodia average salary in USD  per month varies greatly depending on the work industry, level of experience, and qualifications. Here's the broad breakdown:

- Entry-Level Positions: New graduates and workers with little experience earn between $200 and $400 a month.

- Mid-Level Professional Salary Levels in Cambodia: Employees with several years of experience can expect monthly pay ranging from $500 to $1,500, especially in fields such as tourism, construction, and education.

- Senior-Level Professional salary levels in Cambodia: Monthly pay for senior management positions in finance, information technology, and engineering range from $2,000 to $4,000.

Average Salary in Cambodia Per Hour

For workers receiving hourly pay, such as freelancers or part-time employees, the average salary in Cambodia per hour ranges between $1.20 and $4.50 per hour in Cambodia. Skilled jobs, such as software development, graphic design, and teaching, tend to pay well.

Average Salary in Cambodia in USD

The average salary in Cambodia in USD for expatriates or foreigners working in Cambodia is frequently quoted in US dollars. Foreigners often earn more than locals in Cambodia, with the average salary in Cambodia for foreigners ranging from $1,500 to $3,500 for mid- to senior-level professions, particularly in international firms or non-governmental organizations.

Average Wage in Cambodia by Industry

Understanding average wages by industry in Cambodia is essential for navigating the employment market. Average wage in Cambodia ranges can vary greatly across industries, and understanding where the highest salaries are might help you plan your career.

Garment and Textile Industry: This sector is the backbone of Cambodia's economy, with factory workers earning $150 to $250 per month. The minimum wage in Cambodia for garment workers in 2024 is set at $204 per month.

Information Technology (IT): The IT business pays some of the highest salaries in Cambodia. Senior software developers might make between $3,000 and $4,000 per month, while entry-level IT positions start around $500.

Learn more about Information Technology in Cambodia's Job Market.

Finance and Banking: Cambodia's financial sector is expanding, creating more prospects for high-paying professions. Monthly pay for senior banking and financial positions ranges from $2,000 to $4,000.

Construction and Engineering: With large-scale infrastructure projects underway around the country, qualified engineers, project managers, and architects can earn $1,000 to $3,000 per month.

Tourism and Hospitality: Cambodia's hospitality industry is expanding as it becomes one of Southeast Asia's top tourist attractions. Monthly earnings range from $200 for entry-level jobs to $1,000 for management positions.

The Current Economic Landscape in Cambodia

After delving into detailed average income by industry in Cambodia, it's critical to understand the economic factors that influence salary expectations in Cambodia. Cambodia economic growth has been robust, thanks in large part to its industrial sectors, foreign investments, and infrastructure upgrades. Cambodia salary guide 2024, this sustained expansion will be reflected in higher incomes, more competitive employment options, and expanded opportunities in both urban and rural locations.

Key Drivers of Cambodia Economic Growth

Several factors have contributed to Cambodia's rising wages and better job market in Cambodia:

Foreign Direct Investment (FDI): Increased foreign investment in building, industry, and technology has resulted in additional job opportunities, particularly in Phnom Penh and Sihanoukville.

Industrial Growth: Key industries such as clothing, textiles, and agriculture remain dominant, employing thousands. However, areas such as information technology and finance are emerging as major contributors to increasing earnings.

Tourism Recovery: Despite the global challenges provided by the epidemic, Cambodia's tourism industry is recovering, creating need for skilled personnel in the hospitality, travel, and service sectors.

High-Paying Jobs in Cambodia

Several industries are recognized to provide high-paying jobs in Cambodia, particularly for experienced workers. If you're looking for a career with a high pay, these are some of the most lucrative sectors:

Education and Training: Foreign professors can expect to be paid competitively at international institutions and colleges, with monthly wages reaching $3,000 or more.

Engineering: With continuing building and infrastructure development, civil engineers and project managers can earn up to $3,500 per month.

Financial Services: High-level professions in banking, investment, and insurance can pay anywhere from $2,500 to $5,000 per month.

IT and Software Development: The digital economy is growing rapidly, and people in this industry are in high demand. Senior positions in IT can pay up to $4,000 per month.

Find High-Paying Careers on Talent4U

If you're looking for high-paying careers in Cambodia, Talent4U is a leading network that links job seekers with top businesses. The website features a diverse range of job postings in industries such as IT, banking, construction, and hospitality. Advanced search criteria enable users to easily identify roles that fit their skill set and salary expectations in Cambodia. Talent4U is especially valuable for professional salary levels in Cambodia looking for mid- to senior-level roles, as it offers a wide range of opportunities with attractive wage packages.

Discover Talent4u's Available Jobs for High-Paying Positions.

Living Costs in Cambodia

The living costs in Cambodia remain inexpensive when compared to neighboring countries. However, expenses vary depending on lifestyle and location. Major cities, including as Phnom Penh and Siem Reap, have greater housing and transportation prices, but food and utilities are still reasonable.

Housing: A one-bedroom apartment in Phnom Penh rents for $200 to $800 a month, depending on location and amenities.

Food and Transportation: Eating out is reasonable, with lunches ranging from $2 to $5 at neighborhood restaurants. Public transportation is inexpensive, and motorbike taxis are a popular and affordable way to move around the city.

Tax: Actually, in Cambodia, there is no need to pay tax on your living, but your salary tax depends on your income.

Overall, Cambodia's low cost of living implies that even small wages can provide a pleasant existence, particularly for expats.

Conclusion

The average wage in Cambodia is continuously increasing as the country's economy grows. The Cambodia salary guide 2024 enables job searchers to make informed decisions about which industries and jobs provide the most chances for professional progression and competitive pay. Whether you're a resident or a foreigner, services like Talent4U can help you find well-paying jobs that fit your abilities and certifications.

As Cambodia develops, the job market in Cambodia will become more competitive. Keeping up with Cambodia salary guide 2024 and knowing industry-specific compensation variances is critical for landing a rewarding job.

FAQs: Salaries in Cambodia

What is the average salary in Cambodia 2024?

In 2024, the average salary in Cambodia will range between $200 and $800, depending on the industry and the employee's expertise.

How much average salary in Cambodia for foreigners can earn?

Foreigners often earn more than locals in Cambodia, with average salary in Cambodia for foreigners ranging from $1,500 to $3,500 for mid- to senior-level positions.

What is the minimum wage in Cambodia?

The minimum wage in Cambodia for garment and textile workers will be $204 per month in 2024.

What industries offer the highest salary in Cambodia?

IT, finance, and engineering pay some of the highest salary in Cambodia, with senior experts making up to $4,000 per month.

How can I find high-paying jobs in Cambodia?

Job seekers can find well-paying positions on platforms like Talent4U, which links people with top businesses in fields such as IT, banking, and construction.

What is the cost of living in Cambodia?

The living costs in Cambodia are relatively modest. A one-bedroom apartment rents for $200 to $800 per month, and basic food and transportation expenditures are reasonable.

What is Cambodia's average income per person?

The Cambodian average income per person is lower than formal work salaries, particularly in rural areas. In 2024, the average annual income per capita is predicted to range between $1,700 and $2,000, representing a mix of urban and rural revenues from diverse sectors.