Image by Ronald Carreño from Pixabay
The latest figures published by the IMSEE, based on data from the Caisses Sociales de Monaco, highlight a continued rise in wages within the Principality’s private sector in 2025. The average gross monthly salary now stands at €5,195, marking an increase of 5.4% year-on-year, while the median salary reaches €3,475, up 4.1% over the same period.
This gap between median and average earnings reflects a highly concentrated wage structure, where a significant share of high incomes pulls the overall average upward. Around 20.1% of employees earn between €2,500 and €3,000 per month, the most common bracket, while 2.9% of workers receive more than €15,000 monthly, underlining the strong presence of very high salaries at the top of the distribution.
Sectoral disparities remain pronounced. The most lucrative industries are financial and insurance activities, with a median salary of €6,858, followed by specialised, scientific and technical activities (€4,697) and information, communication and media (€4,373). At the lower end of the scale, administrative and support services average €2,764, illustrating the wide economic spectrum within Monaco’s labour market.
Gender differences also persist despite some narrowing at specific levels. While women’s median salary slightly exceeds that of men by 4.1% under equal working conditions, their average salary remains 18.1% lower, a gap of around €1,010 per month. Only 16.5% of women are represented among the top 1% of earners in the private sector.
Compared to France, the differences are striking. Monaco’s wage growth significantly outpaces French averages, reflecting the Principality’s unique economic structure, tax system and high concentration of finance, luxury and international services. However, such comparisons remain indicative, as both markets operate under fundamentally different economic frameworks.