Average salary in Virgin Islands

The Virgin Islands are a small group of islands located in the Caribbean Sea, consisting of four main islands and several smaller ones. Due to its small size and unique location, the cost of living in the Virgin Islands can be higher than other parts of the United States. Therefore, it can be helpful to understand the financial landscape and average salaries for those who live or are considering moving to the Virgin Islands. 

While it is difficult to define a "good" salary in the Virgin Islands, some industries, such as hospitality and tourism, may offer higher wages due to the importance of these industries to the local economy. But which cities and counties offer the highest average salaries? 

Average salary in the Virgin Islands by city and county 

Instead of traditional cities, the Virgin Islands have districts on each of the islands. The US Virgin Islands include three main islands: St. Croix, St. Thomas, and St. John, as well as several smaller islands. Data is not provided in the same way as for other traditional states but average household income for St John Island is $40,644, St Thomas is $38,232 and St Croix is $36,042. 

Average earnings by city—or any other geographical metric—is just one way of calculating wealth, and certainly shouldn’t be the only way you look at your own earning potential in a given place. It doesn’t take into account the type of jobs that people do to earn above or below this average bracket, and omits any consideration for the number of people living in a household. However, it’s certainly one way of establishing which place offers good earning opportunities.  

Highest paying jobs in the Virgin Islands

There’s another weighty factor that will influence how much you earn if you live in the Virgin Islands: your job type. Average salaries for various sectors and job roles can vary massively across the state, so it’s absolutely something to consider when looking at salaries by location.

U.S. Bureau of Labor Statistics has calculated a comprehensive list of annual salaries by occupation area, which you can also find below.

Frequently asked questions about salaries in the Virgin Islands

What is the average salary in the Virgin Islands by age?
Alongside location and occupation, salaries in the Virgin Islands are also dependent on age, since more senior workers will be paid more. Then, when they retire, their income will dip again as they will rely on pensions and other forms of set income.

The Census Bureau data finds that householders under 25 have a median household income of $24,727; householders aged 25 to 44 years old have a median income of $47,604; those aged 45 to 64 years old have a median income of $61,492, and those 65 and older have a median income of $44,148.

What is a ‘good’ salary in the Virgin Islands?
Defining a 'good' salary in the Virgin Islands can depend on various factors, such as an individual's lifestyle, occupation, and location. The median income in the Virgin Islands is $37,706. However, it is essential to consider the cost of living in the area, as it is generally higher than the mainland United States. Therefore, a salary of $60,000 may be considered good in the Virgin Islands compared to $50,000 in a less expensive state.

What is the average salary in the Virgin Islands by hour?
If Americans work an average of 1,801 hours per year—at 37.5 hours a week—then the average hourly salary in the Virgin Islands is $19.92.

Getting expert advice before you make significant financial decisions can really benefit you in the long term. Protect your financial future and speak to one of our financial advisors today.