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πŸ‡―πŸ‡²

Jamaica

#70 globallyCaribbean

Average salary: $7,000/year Β· Currency: JMD J$

Mean Annual Salary

$7,000

gross USD

Median Annual Salary

$5,500

gross USD

GDP per Capita

$5,354

current USD

PPP Factor

Γ—0.34

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$5,500
Income Tax$715
Social Security$275
Health Insurance$110

Take-Home (Net) Annual

$4,400

Effective Tax Rate

20.0%

* Based on median salary of $5,500. Estimated combined rate. Consult a tax professional for accurate calculations.

πŸ‡―πŸ‡² Jamaica Economic Overview

Currency

JMD (J$)

Region

Caribbean

Population

3.0M

Gini Coefficient

0.455

Cost of Living Index

34 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Caribbean Mean$6,333
Jamaica Mean$7,000

Global Ranking

#70

out of 117 countries

by average salary

About Salaries in Jamaica

The average annual salary in Jamaica is approximately $7,000 (gross, in USD), with a median of $5,500. The country ranks #70 out of 117 countries by average salary.

At the median salary, workers in Jamaica take home approximately $4,400 after taxes β€” an effective tax rate of 20.0%. The purchasing power parity factor of Γ—0.34 means that in real terms, living costs are lower than in the United States.

Jamaica is located in the Caribbean region. Income inequality, measured by the Gini coefficient, is 0.455 (high inequality).