New figures published by IMSEE paint a mixed picture of wages in Monaco’s private sector, with salaries continuing to climb in 2025 while significant inequalities remain between industries, and between men and women.
According to the latest report from the Principality’s statistics office, the median gross monthly salary reached €3,475 last year, up €136 compared to 2024. In practical terms, that means half of private-sector employees earned less than that amount, while the other half earned more.
Average salaries rose even more sharply, climbing to €5,195 gross per month — an increase of €265 year-on-year — highlighting the continued influence of higher earners on Monaco’s overall wage landscape.
The study also offers a closer look at how incomes are distributed across the workforce. The largest share of employees, just over one in five, earned between €2,500 and €3,000 gross per month in 2025. Meanwhile, 13.6% of workers fell into the €2,000 to €2,500 bracket.
At the other end of the scale, high earners remain a relatively small minority. Just 6.2% of private-sector employees reported monthly gross salaries above €10,000.
As expected, the financial and insurance sector continues to dominate Monaco’s salary rankings. Workers in those industries posted a median monthly salary of €6,858 gross — comfortably ahead of scientific and technical professions, which recorded a median of €4,697.
The least lucrative sectors were service-related industries, particularly administrative support and other personal service activities, where median salaries remained below €3,100 per month.
The report also underlined persistent disparities between male and female employees. Women accounted for only 16% of the top 1% of earners in the Principality last year, reflecting the continued underrepresentation of women among Monaco’s highest-paid professionals.
The overall average salary for women was also €1,010 lower than that of men in 2025. However, the data revealed a more nuanced picture at the centre of the pay scale: the median salary for women was actually €141 higher than the male median.
The latest figures suggest that while wage growth remains strong across Monaco’s private sector, the distribution of those gains remains far from even.
