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| Industry | Avg. monthly salary, in NOK |
|---|---|
| Mining and quarrying | 86,700 |
| Financial and insurance activities | 80,040 |
| Electricity, gas and steam | 76,910 |
| Information and communication | 72,910 |
| Professional, scientific and technical activities | 69,460 |
| Real estate activities | 66,800 |
| Public administration and defence | 61,030 |
| Manufacturing | 56,410 |
| Transportation and storage | 54,450 |
| Education | 53,280 |
| Construction | 52,850 |
| Water supply, sewerage, waste | 52,440 |
| Human health and social work activities | 51,810 |
| Other service activities | 51,750 |
| Wholesale and retail trade: repair of motor vehicles and motorcycles | 50,690 |
| Agriculture, forestry and fishing | 49,720 |
| Arts, entertainment and recreation | 48,900 |
| Administrative and support service activities | 48,780 |
| Activities of household as employers | 45,420 |
| Activities of extraterritorial organisations and bodies | 45,010 |
| Accommodation and food service activities | 38,480 |
- Region: Norway
- Time period: 2023
- Published: Feb 2024
Data Analysis and Insights
Mining and quarrying lead with the highest average monthly salary
The industry of Mining and quarrying stands out with the highest average monthly salary at 86,700 NOK, indicating the sector's significant economic value and possibly reflecting the skills, risks, and demand associated with occupations in this field.Accommodation and food service activities have the lowest average monthly salary
On the other end of the spectrum, the Accommodation and food service activities industry records the lowest average monthly salary, pegged at 38,480 NOK. This disparity showcases the economic divide between industries and may highlight challenges related to wage equality and living standards for workers in lower-paying sectors.Financial and insurance activities rank second in salary averages
With an average monthly salary of 80,040 NOK, the Financial and insurance activities industry is the second highest-paying sector. This reflects the premium placed on the expertise required in financial services and the critical nature of insurance operations.Variation in average monthly salaries across industries
The data reveals a substantial variance in average monthly salaries across industries, ranging from 86,700 NOK in Mining and quarrying to 38,480 NOK in Accommodation and food service activities. Such variation underscores the diversity in economic value and wage structures across different sectors.Top five industries exceed the 60,000 NOK mark in average salaries
The top five industries, including Mining and quarrying, Financial and insurance activities, Electricity, gas and steam, Information and communication, and Professional, scientific, and technical activities, all surpass a monthly average salary of 60,000 NOK. This benchmark may serve as a significant indicator of industry desirability and economic health within the Norwegian job market.Educational sector's position in the salary hierarchy
The Education sector's average monthly salary is positioned at 53,280 NOK, placing it towards the middle of the pack. This positioning reflects the societal value placed on education, juxtaposed against economic remuneration for professionals within the sector.The gap between the highest and lowest paying industries
The salary gap between the highest-paying industry (Mining and quarrying) and the lowest-paying (Accommodation and food service activities) stands at 48,220 NOK. This significant gap highlights the economic disparities and the diverse nature of job valuation across the Norwegian economy.Frequently Asked Questions
What industry has the highest average monthly salary?
The Mining and quarrying industry has the highest average monthly salary at 86,700 NOK.
Which sector has the lowest average monthly salary?
The Accommodation and food service activities sector has the lowest average monthly salary at 38,480 NOK.
Which industry is the second highest-paying in terms of average monthly salary?
The Financial and insurance activities industry is the second highest-paying sector, with an average monthly salary of 80,040 NOK.
Terms and Definitions
Monthly salary refers to the fixed amount of money or compensation a worker receives from an employer for the work they perform over the course of a month. This is generally negotiated in an employment contract and quoted on an annual basis.
Gross salary is the total income earned by an employee, before the deduction of taxes and other obligations like social security contributions, insurance, and pensions.
Net salary, also known as take-home pay, is the amount of money an employee receives after all deductions, such as taxes, social security payments and health insurance premiums, have been taken out.
A salary breakdown is a detailed overview of how an employee’s total compensation is distributed. It includes the basic pay, bonuses, overtime pay, allowances, tax deductions, benefits and proportions directed towards pensions or social security.
A pay scale displays the range of pay for different positions within an industry or company. The scale outlines different levels of pay for different job roles or responsibilities, and is often based on experience, skills, and performance.
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