THE MEDIAN ANNUAL INCOME IN CYPRUS 2023
DATA SUPPLIED BY CyStat
According to data from the Cyprus Statistical Service, CyStat the median annual income in Cyprus ranged from €14,156 to €18,873 in 2023.
The following is a breakdown of income classes:
28% of the island’s population falls into the ‘Low Income’ bracket, typically earning less than €14,155 annually. Of these, 13.9% are at risk of poverty, with an income of just €11,324 or lower.
21.9% of the island’s population falls into the ‘Lower Middle Class’, bracket typically earning between €14,156 and €18,873.
30.3% of the island’s population falls into the ‘Middle Class’, bracket typically earning between €18,874 and €28,309.
11.9% of the island’s population falls into the ‘Upper Middle Class’ typically earning between €28,310 and €37,746.
7.9% of the island’s population falls into the ’High Income Class’, typically earning above €37,747
