New IMSEE data shows that wages rose across the board in 2025, though women remain significantly underrepresented among the highest earners.
The average gross monthly salary in Monaco’s private sector reached €5,195 in 2025, a rise of 5.4% or €265 compared with the previous year, according to new figures published by IMSEE, the Principality’s statistics institute. The median salary — the point at which half of private sector employees earn more and half earn less — stood at €3,475, up 4.1% or €136 on 2024.
The single largest salary band was €2,500 to €3,000 per month, which accounted for one in five employees, at 20.1% of the workforce. The next most common bands were €3,000 to €3,500 at 16.3% and €2,000 to €2,500 at 13.6%. At the top end, 2.9% of employees earned more than €15,000 per month and a further 3.3% earned between €10,000 and €15,000.
Sector disparities
The gap between Monaco’s highest and lowest paying sectors is considerable. Financial and insurance activities recorded the highest median gross monthly salary at €6,858, followed by professional, scientific and technical activities at €4,697 and IT, telecommunications and media at €4,373.
At the other end of the scale, administrative and support service activities returned the lowest median at €2,764, followed by other service activities at €3,028 and real estate activities at €3,097.
Gender gap persists
Women’s median salary was 4.1% higher than men’s, at €141 more per month on a full-time equivalent basis. However, the average salary for women was 18.1% lower than for men, a gap of €1,010 per month — a disparity that reflects the concentration of women in lower-paid roles. Women accounted for just 16.5% of the top 1% of earners in the private sector.
The data is drawn from the Caisses Sociales de Monaco and is calculated on a full-time equivalent basis, with gross salary figures including bonuses before deductions.
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Main photo credit: Cassandra Tanti