Norway: Salaries, by industry
IndustryAvg. monthly salary,
in NOK
Mining and quarrying86,700
Financial and insurance activities80,040
Electricity, gas and steam76,910
Information and communication72,910
Professional, scientific and technical activities69,460
Real estate activities66,800
Public administration and defence61,030
Transportation and storage54,450
Water supply, sewerage, waste52,440
Human health and social work activities51,810
Other service activities51,750
Wholesale and retail trade: repair of motor vehicles and motorcycles50,690
Agriculture, forestry and fishing49,720
Arts, entertainment and recreation48,900
Administrative and support service activities48,780
Activities of household as employers45,420
Activities of extraterritorial organisations and bodies45,010
Accommodation and food service activities38,480
  • Region: Norway
  • Time period: 2023
  • Published: Feb 2024

Data Analysis and Insights

Updated: Apr 12, 2024 | Published by: Statistico | About Us / Data / Analysis

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.

Minimum wage is the smallest amount of compensation that an employer is legally allowed to pay an employee for work performed during a given period. This is set by laws or regulations of a country.

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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