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Understanding the Average Salary in Cambodia: A 2024 Guide | Forum

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TheTalent4u
TheTalent4u Oct 10

The average salary in Cambodia has seen a steady increase as the country’s economy grows and its industries diversify. For professionals and job seekers looking to understand the compensation landscape in Cambodia, having an updated view of salary trends can offer valuable insights. In this guide, we’ll explore the average wage in Cambodia, industry-specific salary details, and other key factors affecting income levels in 2024.

Average Salary and Wages in Cambodia

The average salary in Cambodia varies significantly depending on the industry, location, and level of expertise. In 2024, salaries range across sectors such as manufacturing, technology, hospitality, and construction. According to the Cambodia Salary Guide 2024, the average salary across all industries is steadily increasing, with many professionals experiencing significant wage growth due to rising demand for skilled labor.

For instance:

  • Minimum wage in Cambodia for the garment and footwear industry is set at $200 per month, while other industries may have different minimum wage regulations.
  • The average wages by industry in Cambodia vary, with sectors like finance and technology offering higher compensation compared to manufacturing and agriculture.
High-Paying Jobs in Cambodia

If you're aiming for a high-income career, some industries in Cambodia are known for offering competitive salaries:

  • High-paying jobs in Cambodia are often found in sectors like finance, IT, and management. For instance, senior-level positions in multinational companies offer some of the highest salaries, particularly in Phnom Penh.
  • Technology roles such as software developers, data analysts, and cybersecurity experts are increasingly in demand and often command impressive salaries.
  • The job market in Cambodia is evolving, and those with specialized skills are likely to find higher-paying opportunities, particularly in sectors like technology and engineering.
Salary Trends and Expectations in 2024

As the economy grows, Cambodia salary trends for 2024 indicate continued upward momentum, especially in industries related to technology, manufacturing, and services. Job seekers can expect to see:

  • Salary expectations in Cambodia rising in key urban centers such as Phnom Penh and Siem Reap, where economic activity is highest.
  • Growth in high-demand sectors like technology, which has seen an influx of companies needing skilled professionals, driving up compensation.

Professionals looking to move to Cambodia or seeking career opportunities can use the Cambodia salary guide 2024 to benchmark their salary expectations across various industries.

Factors Influencing Salary Levels in Cambodia

Several factors influence the average salary in Cambodia:

  • Living costs in Cambodia play a role in salary negotiations, particularly for expatriates and foreigners moving to the country for work. With relatively low living costs, Cambodia remains an attractive destination for professionals seeking both work opportunities and a high standard of living.
  • Cambodia economic growth has been a major driver of rising wages across industries, with the government investing in infrastructure and encouraging foreign investment.

The average salary in Cambodia per month can range from $300 in entry-level positions to $3,000+ for senior executives, depending on industry and qualifications.

Average Salary in Cambodia for Foreigners

Expats looking to work in Cambodia will find that salary offers are competitive, particularly for skilled roles in industries like finance, technology, and education. The average salary in Cambodia for foreigners is typically higher than local salaries, especially in expatriate-heavy industries such as construction, NGOs, and executive management.

Foreign professionals can expect:

  • Average salary in Cambodia in USD: Salaries for expats are often negotiated in USD, with typical ranges between $1,000 to $5,000+ per month depending on the role and industry.
Cambodia Salary Guide by Industry

To better understand salary expectations, it’s essential to look at how wages vary across different sectors:

  • Technology: Professionals in tech-related fields, especially in Phnom Penh, can expect some of the highest wages in Cambodia.
  • Finance: Positions in banking and finance remain lucrative, offering competitive salaries and benefits.
  • Tourism and Hospitality: As one of the country's main economic pillars, this sector continues to offer varied salary opportunities depending on position and experience.