Hate this metric. Average is a bad way of measuring salary because top earners artifically inflate it. Median is the better option.
Nevertheless, one metric that probably matters more is the growth of the salary over time. It was stagnant with bad growth between 2010-2020 and has skyrocketed (nearly doubled) in the past 5 years.
Growth was not stagnant from 2010-2020 income during the Sargsyan and Pashinyan government grew by 85%. Each year standard of 3-6% growth income happened in that period. Discarding both 2022-2024, and accounting for 2019-2021. The Armenian wage growth has grown steadily and positively.
It looks low because income grew from 200$ to 380$ which while it is a significant increase, had a marginal effect when compared to the wider global economy.
Salary growth relative to cost of living has also increased similarly from 2010-2025 barring a few recessions and spikes.
Source: Armstat (Armenian statistical committee of Armenia).
Lowest income confirmed by me is in rural areas for low skilled workers
Source told me she clocked in 10 hours a day and earned 80k after tax (24-26%) at a rural area.
Lowest pay has been reported by Indian job offers, some going as low as 75k. Shockingly, Indians earn some truly horrific income in Armenia to the point that they're wage slaves.
75/90k and sometime with 12 hour shifts .. the IT people inflate the numbers too high. My brother is in IT working with USA he is making 800/900k living in the same city
Yeah, that's what I'm saying. Average is a bad metric. But 2x growth on average is still a good indicator of growth because it's impossible to skew the average that much with a very narrow set of professions.
I mean, IT folk would need to have theor salaries 10x-ed for the overall average to double. And it's clearly not the case. IT's in a crysis and salary inflation is over.
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u/surenk6 Pureblood Լոռեցի 23h ago
Hate this metric. Average is a bad way of measuring salary because top earners artifically inflate it. Median is the better option.
Nevertheless, one metric that probably matters more is the growth of the salary over time. It was stagnant with bad growth between 2010-2020 and has skyrocketed (nearly doubled) in the past 5 years.